07/19/2026
Momentum continues to build for the U.S. maritime industry.
The U.S. Department of Transportation has announced a $2 billion investment to construct two new Missile Range Instrumentation Vessels (MRIVs) at Hanwha Philly Shipyard, underscoring the growing national commitment to rebuilding America’s shipbuilding capacity and strengthening the maritime industrial base. The announcement coincided with the christening of the Lone Star State, the fourth National Security Multi-Mission Vessel.
Congratulations to ASSA member Hanwha on this significant achievement. Investments of this scale not only enhance our nation’s defense capabilities but also create opportunities throughout the American shipbuilding supply chain, supporting manufacturers, suppliers, and skilled workers across the country.
ASSA looks forward to continuing our work alongside industry leaders and policymakers to advance a stronger, more competitive U.S. maritime sector.
https://www.transportation.gov/briefing-room/trumps-transportation-secretary-duffy-white-house-omb-director-vought-celebrate