Fact-check · Sep 9, 2026 · Donald Trump
“Hanwha is investing $5,000,000,000 in the Philadelphia shipyard”
TRUE
What the record shows
Hanwha Group announced a $5 billion infrastructure investment plan for Hanwha Philly Shipyard in August 2025, dedicated to installation of additional docks and quays.
Sources
- Philadelphia shipyard gets $5B investment to ramp up U.S. shipbuilding | FOX 29 Philadelphia
- Hanwha announces $5-billion Philly shipyard investment | Offshore Magazine
- Hanwha to invest $5 billion to improve infrastructure at Philadelphia shipyard - Breaking Defense
- Senator Dave McCormick Applauds Groundbreaking Investment in Hanwha Philly Shipyard
- Hanwha announces $5 billion Philly Shipyard investment
- South Korean Shipbuilder to Invest $5B in Philadelphia Shipyard - USNI News
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