
HII [HII] and South Korea’s HD Hyundai Heavy Industries (HHI) on Monday signed a memorandum of understanding (MoU) aimed at exploring opportunities to work together on accelerating ship production for defense and commercial projects. The new MoU between two of the world’s largest shipbuilding companies was signed by executives at the Navy League’s Sea Air Space conference in National Harbor, Maryland. HII noted the initiative will look to “advance technological innovation, maximize production efficiency and strengthen the global defense industry.”…