PHILADELPHIA, PA -- After finalizing its $100 million acquisition of Philly Shipyard in December, South Korean conglomerate Hanwha aims to begin building and delivering non-combatant auxiliary vessels to the U.S. Navy within the next decade as part of a 10-year plan to expand military and commercial business at the historic yard. Hanwha Philly Shipyard will look to increase its annual output from a rate of one to one-and-a-half vessels today, to six-to-10 vessels per year within the next decade, according...
