00:00It's Benzinga bringing Wall Street to Main Street
00:02Shares of South Korean shipbuilder Hanwha Ocean rose 12.5 percent in Seoul on Tuesday
00:07after Trump said the company will be involved in building a new class of U.S. Navy warships.
00:13Trump said the vessels will be constructed at the Hanwha Philly Shipyard in Philadelphia,
00:17according to Benzinga.
00:18The project is part of a broader U.S. South Korea trade deal that includes a $5 billion
00:24investment pledge for the Philadelphia Yard.
00:26Navy Secretary John Phelan referred to the planned vessels as Trump-class battleships
00:31and said a future ship named the USS Defiant would be the largest, deadliest, most versatile,
00:36and best-looking warship in the world.
00:39Trump said the U.S. plans to build two ships over the next two years, followed by additional
00:43vessels expanding the fleet to 20 to 25 ships.
00:46For all things money, visit Benzinga.com
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