Hanwha, Vatn Systems to develop undersea drones for US Navy

“We believe this partnership makes a lot of sense providing that solution to the Navy.”

Founded in 2023, Vatn secured $20 million in contracts this year, mostly with the Pentagon, the company's CEO Nelson Mills told Reuters. “If we control undersea and control the surface,” Mills said, “you control the lanes of commerce, you control the movement of ships, and you control the movements of troops.”