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U.S. SHIPBUILDING

Aerial view of Austal USA’s shipyard in Mobile, Alabama, showing the launch of an Independence-variant Littoral Combat Ship (LCS) with tugboats assisting in the water

Hanwha expands in U.S. shipbuilding with Austal stake

Hanwha Aerospace’s acquisition of a 9.9% stake in Austal signals a strategic push into U.S. shipbuilding, aiming to modernize naval production and challenge industry giants amid rising global defense competition