{"id":834526,"date":"2025-04-07T09:19:46","date_gmt":"2025-04-07T13:19:46","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hii-and-hd-hyundai-heavy-industries-sign-memorandum-of-understanding\/"},"modified":"2025-04-07T09:19:46","modified_gmt":"2025-04-07T13:19:46","slug":"hii-and-hd-hyundai-heavy-industries-sign-memorandum-of-understanding","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hii-and-hd-hyundai-heavy-industries-sign-memorandum-of-understanding\/","title":{"rendered":"HII and HD Hyundai Heavy Industries Sign Memorandum of Understanding"},"content":{"rendered":"
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NATIONAL HARBOR, Md., April 07, 2025 (GLOBE NEWSWIRE) — HII (NYSE: HII) and HD Hyundai Heavy Industries (HHI), two of the world\u2019s leading shipbuilders across multiple classes of ships, signed a memorandum of understanding (MOU) today to explore opportunities to collaborate on accelerating ship production in support of defense and commercial shipbuilding projects. The signing ceremony took place in HII\u2019s booth at Sea Air Space, the largest global maritime expo in North America, and was attended by HII Executive Vice President and President of Ingalls Shipbuilding Brian Blanchette and Won-ho Joo, chief executive of the naval & special ship business unit at HHI.<\/p>\n

\u201cToday\u2019s agreement reflects our commitment to explore all opportunities to expand U.S. shipbuilding capacity in support of national security,\u201d Blanchette said. \u201cBy working with our shipbuilding allies and sharing best practices, we believe this MOU offers real potential to help accelerate delivery of quality ships.\u201d<\/p>\n

This strategic partnership aims to leverage the combined expertise and resources of both companies to advance technological innovation, maximize production efficiency, and strengthen the global defense industry.<\/p>\n

\u201cThis partnership marks a new milestone for both of our companies and provides us with the unique opportunity to expand our expertise in shipbuilding,\u201d Won-ho Joo said. \u201cWe look forward to working with HII to explore new possibilities and deliver even greater value to our customers.\u201d<\/p>\n

The efforts applied under the MOU aim to increase the collective maritime industrial base strength of both the U.S. and South Korea.<\/p>\n

A photo accompanying this release will be available following the signing event at: http:\/\/hii.com\/news\/hii-and-hd-hyundai-heavy-industries-sign-memorandum-of-understanding\/<\/a>.<\/p>\n

\n About HII<\/strong>\n <\/p>\n

HII is a global, all-domain defense provider. HII\u2019s mission is to deliver the world\u2019s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.<\/p>\n

As the nation\u2019s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI\/ML and synthetic training. Headquartered in Virginia, HII\u2019s workforce is 44,000 strong. For more information, visit:<\/p>\n