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flag HD Hyundai and Huntington Ingalls to jointly build U.S. Navy ships, backed by South Korea’s $150B shipbuilding investment pledge.

flag HD Hyundai Heavy Industries and U.S. shipbuilder Huntington Ingalls have signed a memorandum of agreement to jointly build U.S. Navy auxiliary ships, aiming to strengthen defense and shipbuilding cooperation. flag The pact, announced ahead of APEC 2025 and a U.S.-South Korea summit, includes exploring joint investments in U.S. shipyards and pursuing the Navy’s next-generation logistics ship contract. flag South Korea has pledged $150 billion in investments to support U.S. shipbuilding as part of a broader $350 billion economic commitment tied to tariff reductions. flag While both nations are advancing strategic alignment, final details of the tariff deal remain unresolved amid ongoing negotiations.

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