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HII and HD Hyundai Heavy Industries (HHI), two of the world’s foremost shipbuilders, have signed an MoU to explore collaborative opportunities in defense and commercial shipbuilding.
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The agreement aims to boost ship production capacity and efficiency while advancing technological innovation.
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The MoU was signed at the Sea Air Space expo in North America by senior leaders from both companies.
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Both companies intend to leverage their strengths to support national security and reinforce the maritime industrial bases of the U.S. and South Korea.
HII (NYSE: HII) and HD Hyundai Heavy Industries (HHI), recognized as two of the world’s premier shipbuilders, have entered into a memorandum of understanding (MoU) to explore collaborative efforts aimed at accelerating ship production for both defense and commercial maritime sectors. The agreement was signed at the Sea Air Space maritime expo, the largest of its kind in North America.
Leadership Remarks and Commitment to National Security
The signing ceremony was held at HII’s booth and attended by Brian Blanchette, Executive Vice President and President of Ingalls Shipbuilding at HII, and Won-ho Joo, CEO of the Naval & Special Ship Business Unit at HHI.
“Today’s agreement reflects our commitment to explore all opportunities to expand U.S. shipbuilding capacity in support of national security,” Blanchette remarked. “By working with our shipbuilding allies and sharing best practices, we believe this MoU offers real potential to help accelerate delivery of quality ships.”
Partnership to Enhance Innovation and Efficiency
The MoU establishes a framework for both companies to combine their expertise, technological capabilities, and industrial resources. The goal is to enhance innovation, streamline production processes, and increase efficiency in building vessels. This partnership is poised to contribute significantly to the resilience and strength of the global defense and commercial shipbuilding sectors.
Shared Vision for the Future of Maritime Collaboration
“This partnership marks a new milestone for both of our companies and provides us with the unique opportunity to expand our expertise in shipbuilding,” said Won-ho Joo. “We look forward to working with HII to explore new possibilities and deliver even greater value to our customers.”
Strengthening the U.S.–South Korea Maritime Industrial Base
By working together, HII and HHI aim to fortify the maritime industrial bases of the United States and South Korea. This cooperative effort underscores the strategic importance of allied partnerships in advancing shared defense capabilities and securing global maritime interests.
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Source: HII
