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HII and HD Hyundai Heavy Industries Sign Memorandum of Agreement to Advance Shipbuilding Collaboration

Strategic Insights

— 1 min read

A significant Memorandum of Agreement (MOA) has been signed between HII (NYSE: HII) and HD Hyundai Heavy Industries (HHI), two of the world's leading shipbuilders. The MOA aims to strengthen collaboration between the United States and the Republic of Korea in the shipbuilding sector, supporting enduring changes to military and commercial shipbuilding in America. This agreement comes on the heels of a joint announcement in early October, where the two companies agreed to jointly pursue the U.S. Navy's next-generation logistics ship (NGLS) design contract.

Key Takeaways:

  • The MOA focuses on four key priorities: strengthening the U.S. shipbuilding industrial base, pursuing strategic teaming opportunities, collaborating on engineering and research & development, and strengthening U.S. Navy Indo-Pacific in-theater ship lifecycle support.
  • HII and HHI will leverage their combined expertise to respond to the U.S. Navy's recent request for proposal (RFP) for the concept design phase of the NGLS program.
  • The partnership will generate powerful synergies by combining Korea's cutting-edge shipbuilding technologies with the U.S. defense sector's strong market competitiveness.
  • HD Hyundai hosted the Future Tech Forum, where Eric Chewning, HII's executive vice president, will deliver a keynote speech on "Strategic Collaboration Between the U.S. and Korea in Shipbuilding."
  • Previous collaborations between the two companies include an MOU signed in April to share best practices and explore opportunities to expand U.S. shipbuilding capacity, as well as a visit by HHI's executives and technical staff to HII's Ingalls Shipbuilding yard in Mississippi.

Statistics:

  • HII is a global, all-domain defense provider with a 135-year history of advancing U.S. national security.
  • The company delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML, and synthetic training.
  • HII's workforce is 44,000 strong, and the company has delivered the world's most powerful ships and all-domain solutions in service of the nation.
  • HHI has delivered more than 2,300 ships to 335 shipowners in 51 countries until 2023.
  • The company operates as one of the most reputable naval shipbuilders in the world, with 50 years of naval shipbuilding experience and accumulated warship technology.

Sources:

  • GLOBE NEWSWIRE (October 26, 2025)
  • HII (NYSE: HII)
  • HD Hyundai Heavy Industries (HHI)
  • Facebook: HII
  • X: HII
  • Instagram: HII
  • LinkedIn: HD Hyundai
  • Instagram: HD Hyundai

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