WASHINGTON -- Four months after U.S. Navy Secretary Carlos Del Toro toured shipyards in South Korea and Japan, pitching for Asian shipbuilders to invest in American yards, the first such case was announced on Thursday.
Defense
South Korea's Hanwha agrees to acquire American shipyard for $100m
U.S. Navy Secretary Del Toro calls Philly Shipyard bid a 'game-changing milestone'
Philly Shipyard is a commercial shipyard located on part of the former Philadelphia Naval Shipyard, which closed down in 1996. (Hanwha Group).
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