03:41 AM EDT, 10/27/2025 (MT Newswires) -- Huntington Ingalls Industries ( HII ) and HD Hyundai Heavy Industries said Sunday they have signed a memorandum of agreement to advance shipbuilding cooperation between the US and South Korea.

Eric Chewning, Huntington Ingalls' executive vice president of maritime systems and corporate strategy, said the agreement "marks the beginning of deeper collaboration between not only our companies, but each of our countries" to support US military and commercial ship production.

Possible joint investments include navy auxiliary shipbuilding programs and research and development collaborations, among other things, the companies said.