TOTE Services Names Hanwha Defense USA for Medium Landing Ship Construction, Plans More Shipyard Selections

TOTE Services, LLC, a U.S. maritime services firm, announced on October 30 2026 that it has selected Hanwha Defense USA (HDUSA) as the first shipbuilder for the Medium Landing Ship (LSM) program under its Vessel Construction Manager (VCM) contract for the U.S. Navy and Marine Corps. The award, issued after a competitive request for proposals in July, covers the construction of one LSM valued at $269 million at Hanwha Philly Shipyard (HPSI) and includes options for three additional vessels.

The LSM program is part of a $2.2 billion VCM contract that will ultimately support a 35‑ship fleet. The first vessel is expected to be delivered in 2030, with construction slated to begin in the fourth quarter of 2027. TOTE Services will coordinate the project across three domestic shipyards—Hanwha Philly, Bollinger Shipyards, and Fincantieri Marinette Marine—to standardize design, secure block‑buy pricing, and accelerate delivery.

"This award shows the speed at which the VCM model can move from RFP to contract," said Jeff Dixon, President of TOTE Services. "Through a competitive process, we secured strong terms that benefit the government, along with build positions that allow construction to start in the fourth quarter of 2027."

HDUSA President & CEO Michael Coulter noted that the company has invested heavily in workforce and technology since acquiring HPSI in 2024, positioning the yard to begin construction quickly. Senior Vice President of Program Management Tim Glinatsis added that HPSI has already delivered four National Security Multi‑Mission Vessels under the VCM model.

The LSM program is expected to provide a reliable demand signal for U.S. shipyards, suppliers, and skilled trades, helping the industrial base plan and invest with greater consistency.

TOTE Services, part of the TOTE Group, has pioneered the VCM model in U.S. government shipbuilding, having delivered four of five vessels in the National Security Multi‑Mission Vessel program.

For more information, visit www.toteservices.com.