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4w ago

HII and HD Hyundai Heavy Industries Partner to Boost Shipbuilding Capacity

The strategic agreement, signed at Sea Air Space 2025, aims to accelerate ship production and enhance maritime collaboration between the U.S. and South Korea.

The aircraft carrier Gerald R. Ford (CVN 78) is under construction at Huntington Ingalls Industries-Newport News Shipbuilding in Newport News, Virginia, U.S., in this February 27, 2012 handout photo. Ricky Thompson/U.S. Navy/Handout via REUTERS/File Photo
HII and HD Hyundai Heavy Industries, two of the world’s leading shipbuilders across multiple classes of ships, signed a memorandum of understanding (MOU) on Monday, April 7, to explore opportunities to collaborate on accelerating ship production in support of defense and commercial shipbuilding projects. HII picture.
The U.S. Navy's Aegis destroyer USS Stethem docks at a military port in Shanghai on November 16, 2015
South Korean Aegis destroyer King Sejong the Great, front, sails with the USS Barry, left, and Japan's destroyer Atago, during joint exercises on February 22, 2023.

Overview

  • HII and HD Hyundai Heavy Industries (HHI) signed a memorandum of understanding (MoU) to collaborate on accelerating defense and commercial ship production.
  • The partnership seeks to expand U.S. shipbuilding capacity in support of national security priorities.
  • Both companies aim to leverage their combined expertise to advance technological innovation and improve production efficiency.
  • The signing took place at Sea Air Space 2025, the largest global maritime expo in North America, highlighting the significance of the collaboration.
  • The agreement also focuses on strengthening the maritime industrial base of both the U.S. and South Korea, marking a milestone in international defense cooperation.