South Korea’s HD Hyundai, Huntington Ingalls Ink Deal To Jointly Build U.S. Navy Ships

Benzinga

HD Hyundai Heavy Industries and Huntington Ingalls signed a deal to co-build U.S. Navy auxiliary ships, strengthening defense and industrial ties ahead of APEC and Trump–Lee talks.

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00:00It's Benzinga bringing Wall Street to Main Street

00:02South Korea's HD Hyundai Heavy Industries and U.S. shipbuilder Huntington Ingalls signed a

00:08memorandum of agreement Sunday to jointly build U.S. Navy auxiliary ships, according to Reuters.

00:14The deal, inked in South Korea ahead of next week's APEC events, aims to strengthen bilateral

00:19cooperation in shipbuilding. Under the agreement, the companies will explore joint investments in

00:24new or existing U.S. shipyards. South Korea has pledged $150 billion toward reviving U.S.

00:31shipbuilding as part of a $350 billion investment package secured after Trump's July tariff cuts.

00:37Trump will meet with South Korean President Lee Jae-myung, though key details of the broader

00:42tariff accord remain unresolved. For all things money, visit Benzinga.com.

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