:

Navy/USMC

SECNAV Lobbies South Korean Shipbuilders To Invest In U.S. Yards

Friday, March 1st, 2024

SHARE:

SECNAV Lobbies South Korean Shipbuilders To Invest In U.S. Yards

Former Secretary of the Navy Carlos Del Toro visits Hanwha Ocean shipyard in Geoje, Republic of Korea on Feb. 27, 2024. (Photo: U.S. Navy via Hanwha Ocean photo/released)

Secretary of the Navy Del Toro recently met with top South Korean shipbuilding executives during a trip to the country, lobbying them to invest in dual-use commercial-military shipyards in the United States. During the trip he met separately with top executives from Hanwha Ocean and HD Hyundai Heavy Industries on Feb. 25 and 27, touring Hyundai’s shipyard in Ulsan and Hanwha's shipyard on Geoje Island. Del Toro emphasizes the discussions were productive and focused on trying to attract Korean investment…

Congress

Wisconsin GOP Lawmakers Urge Trump Admin Support For Marines’ JLTV Second Supplier Effort

Wisconsin’s GOP congressional delegation is urging the Trump administration to support legislative language enabling the Marine Corps to potentially bring in a second Joint Light Tactical Vehicle (JLTV) supplier. The […]

Congress

Senate’s CR Has Ship Construction Exemption, Forgoes White House’s Battleship, Munitions Requests

The Senate on Sunday released a bipartisan stopgap funding proposal to keep the government open through December 11, which would also secure additional funds to support ongoing shipbuilding efforts and […]

Congress

U.S. Fighter Fleet Will Expand By 2040 But More Stealth Aircraft Will Mean Less Availability, CBO Says

The number of fighter aircraft in the U.S. military inventory will decline over the next few years before expanding to a greater number than currently, but their availability for operational […]

Congress

White House Details ‘Concerns’ With Shipbuilding, Spaced-Based Interceptor Oversight In House’s NDAA

The White House has detailed “a number of concerns” with the newly-passed House version of the next defense policy bill, to include the legislation’s limits on procuring Navy ships built […]