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Trump Security Memo Opens U.S. Navy Shipbuilding to Overseas Yards

Hanwha Corporation logoHanwha Corporation
Sig2.35Sen+4.10Env0.00Soc+1.95Gov0.00
Fincantieri logoFincantieri
Sig2.22Sen+3.15Env0.00Soc+1.15Gov+0.40

A national security memo signed Thursday lets overseas shipbuilders that invest in U.S. yards and train American workers temporarily build up to two vessels at home for faster Navy delivery. Hanwha, after buying Philly Shipyard in 2024, pledged $5 billion to expand its Pennsylvania facility, positioning it as a top contender, while Fincantieri highlights prior U.S. yard investment.

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