TOTE, Hanwha Finalize Deal for U.S. Missile Defense Ship Construction

TOTE Services finalized a contract with the U.S. Maritime Administration to oversee construction of a new missile-tracking ship, with Hanwha Philly Shipyard set to begin work. This marks a concrete step in the U.S. Navy's effort to expand its missile defense fleet, though the timeline and vessel specifications remain undisclosed. The deal underscores the growing role of foreign-owned shipyards in U.S. defense shipbuilding.