Navy flexes new acquisition muscles with TOTE’s $269M LSM award to Hanwha

AI Summary

The U.S. Navy awarded TOTE Services a $269 million contract connected to its Landing Ship Medium (LSM) program. TOTE selected Hanwha as the shipyard for vessel construction, marking its first such selection as the program's construction manager.

The award marks the first shipyard selection from TOTE Services as the vessel construction manager of the LSM program for the Navy.