Hanwha Ocean Takes the Helm in Government-Led Stealth Warship Project

South Korea’s Hanwha Ocean is leading a government-backed research initiative focusing on defense and security technology for the construction of covert warships.

According to a press release issued by the company on November 29, Hanwha Ocean has inked a contract with the Korea Research Institute for Defense Technology Planning and Advancement. The 50-year-old shipbuilding company was acquired by Hanwha Group earlier this year.

The project, scheduled for completion by May 2028 under the terms of the agreement, aims to create advanced demagnetizing equipment to enable submarines to operate stealthily and avoid detection.

According to the company, the technology being studied in the project will enhance the stealth capabilities of its submarines.

In a noteworthy development from October, Hanwha Ocean secured its status as the preferred bidder for a startup project initiated by the Agency for Defense Development, focusing on energy systems tailored for unmanned submersibles.