April 7, 2025
HII and HD Hyundai Heavy Industries Sign Memorandum of Understanding
NATIONAL HARBOR, Md. (April 7, 2025) — HII (NYSE: HII) and HD Hyundai Heavy Industries (HHI), two of the world’s 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’s 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.
“Today’s agreement reflects our commitment to explore all opportunities to expand U.S. shipbuilding capacity in support of national security,” Blanchette said. “By working with our shipbuilding allies and sharing best practices, we believe this MOU offers real potential to help accelerate delivery of quality ships.”
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.
“This partnership marks a new milestone for both of our companies and provides us with the unique opportunity to expand our expertise in shipbuilding,” Won-ho Joo said. “We look forward to working with HII to explore new possibilities and deliver even greater value to our customers.”
The efforts applied under the MOU aim to increase the collective maritime industrial base strength of both the U.S. and South Korea.
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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.
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About HII
HII is America’s largest shipbuilder, delivering the world’s most powerful ships and all-domain mission technologies, including unmanned systems, to U.S. and allied defense customers. HII is the largest producer of unmanned underwater vehicles for the U.S. Navy and the world.
With a more than 140-year history of advancing U.S. national security, HII builds and integrates defense capabilities extending from the core fleet to C6ISR, AI/ML, EW and synthetic training. Headquartered in Virginia, HII’s workforce is 45,000 strong.
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