Fact-check · Oct 6, 2026 · Donald Trump
“Hanwha, is spending billions of dollars to revitalize the historic shipyard in Philadelphia”
TRUE
What the record shows
Hanwha Group announced a $5 billion infrastructure investment in Hanwha Philly Shipyard in August 2025 for installation of additional docks and quays.
Hanwha's official announcement and multiple independent sources confirm the $5 billion investment in Philadelphia shipyard infrastructure.
Sources
- Hanwha to invest $5 billion to improve infrastructure at Philadelphia shipyard - Breaking Defense
- Hanwha announces $5 billion Philly Shipyard investment
- Philly Shipyard to receive $5 billion investment from South Korea
- Hanwha to Invest $5B in Philly Shipyard
- Hanwha Philly Shipyard primed to build next-generation US Navy submarines - KED Global
- Hanwha Announces $5 Billion Philadelphia Shipyard Investment
From: President Trump Delivers Remarks, Oct. 6, 2026
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