Overview
- The contract covers maintenance, repair and overhaul of USNS Alan Shepard, a Lewis and Clark-class dry cargo and ammunition vessel assigned to the Navy’s 7th Fleet.
- MRO operations at HD Hyundai Mipo dockyard will include propeller cleaning, tank inspections and equipment diagnostics.
- This award is the inaugural project under South Korea’s US$150 billion MASGA shipbuilding cooperation initiative following a tariff cut to 15 percent.
- HD Hyundai has forged strategic partnerships this year with Huntington Ingalls Industries and Edison Chouest Offshore to deepen collaboration on naval and commercial ship construction.
- The deal reflects a strategic shift toward leveraging allied industrial capacity to bolster U.S. fleet readiness within broader U.S.–South Korea maritime cooperation.