HD Hyundai Heavy Industries and HII Execute Memorandum of Agreement to Collaborate on Distributed Shipbuilding and Pursue Teaming on Auxiliary and Commercial Vessels

GYEONGJU, South Korea, Oct. 26, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) and HD Hyundai Heavy Industries (HHI), two of the world’s leading shipbuilders, signed a memorandum of agreement (MOA) today at the Asia-Pacific Economic Cooperation (APEC) 2025 forum to advance the objectives of the shipbuilding dialogue between the United States and Republic of Korea. The signing event was attended by Joo Won-ho, president of the Naval & Special Ship Business Unit at HHI, and Eric Chewning, HII’s executive vice president of maritime systems and corporate strategy.