Overview

• The three parties signed the memorandum of understanding in Washington on Aug. 25 during a ceremony attended by senior executives and government officials from both countries.
• HD Hyundai will serve as anchor investor and technical partner, Cerberus will manage investment strategy and operations, and KDB intends to facilitate participation by Korean investors.
• Investments will focus on acquiring and modernizing U.S. shipyards, strengthening supplier capacity for equipment and components, and advancing technologies such as autonomous navigation and AI.
• The companies described a multibillion‑dollar program, but specific amounts and target transactions were not disclosed as due diligence and deal sourcing continue.
• The initiative supports Seoul’s MASGA commitment to bolster U.S. shipbuilding and draws on Cerberus’s Subic Bay turnaround experience and HD Hyundai’s recent U.S. partnerships and Navy maintenance work.