HII and HD Hyundai Heavy Industries (HHI) signed a memorandum of understanding (MOU) on 7 April to explore opportunities to collaborate on accelerating ship production in support of defense and commercial shipbuilding projects.
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. The signing ceremony took place in HII’s booth at Sea Air Space, 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.
Blanchette said that the agreement made that day reflected their commitment to explore all opportunities to expand U.S. shipbuilding capacity in support of national security. He added that by working with shipbuilding allies and sharing best practices, they believed the MOU offered real potential to help accelerate the delivery of quality ships.
This partnership marks a new milestone for both of our companies and provides us with the unique opportunity to expand our expertise in shipbuilding. We look forward to working with HII to explore new possibilities and deliver even greater value to our customers.
… commented Won-ho Joo.
The efforts applied under the MOU aim to increase the collective maritime industrial base strength of both the U.S. and South Korea.
To remind, in March, US President Donald Trump announced the creation of an office of shipbuilding and new tax incentives aimed at revitalizing the US shipbuilding sector.
