South Korean defense manufacturer Hanwha Aerospace remains optimistic about opportunities in US shipbuilding and plans to expand the Philadelphia shipyard despite China’s sanctions on Hanwha Ocean’s US-linked units, according to Hanwha Aerospace Global Chief Strategy Officer Alex Wong. Wong emphasized the company’s efforts to further diversify inputs for its defense products due to security concerns, warning about China’s dominant role in rare earths refining. Wong spoke with Bloomberg TV’s Shery Ahn from Gyeongju, South Korea. (Source: Bloomberg)
Source: Original