HII Hosts HD Hyundai Heavy Industries Leaders at Ingalls Shipbuilding

Rhea-AI Summary

HII (NYSE: HII) hosted HD Hyundai Heavy Industries (HHI) leaders at its Ingalls Shipbuilding division, furthering the objectives of their recently signed memorandum of understanding. The visit, led by Ingalls Shipbuilding President Brian Blanchette, focused on identifying near-term opportunities and exploring new processes to accelerate ship production.

During the visit, HHI executives toured the shipyard and the new virtual welding lab, experiencing how this immersive training environment enhances shipbuilder skills and sets national benchmarks for workforce development. Won-ho Joo, Chief Executive of Naval & Special Ship at HHI, expressed appreciation for witnessing HII's technological implementations for efficiency and quality improvements.

This strategic partnership between two of the world's leading shipbuilders aims to advance technological innovation, maximize production efficiency, and strengthen the global defense industry through combined expertise and resources.

Positive

• Strategic partnership with major global shipbuilder HD Hyundai Heavy Industries
• Implementation of advanced technology through virtual welding lab for workforce development
• Potential for accelerated ship production through process improvements

Negative

• None.

PASCAGOULA, Miss., April 22, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted HD Hyundai Heavy Industries leaders at the company’s Ingalls Shipbuilding division Tuesday, advancing joint goals of the memorandum of understanding signed by the two companies earlier this month. The visit focused on identifying near-term opportunities and exploring the implementation of new processes that could support the acceleration of ship production.

“This visit is a continuation of the important dialogue taking place between HII and our international partners,” Ingalls Shipbuilding President Brian Blanchette said. “Today’s visit allowed us to showcase the great work our Ingalls shipbuilders do every day in support of national security and an opportunity to exchange ideas on best practices, while examining what we can begin working on right away.”

The visit included meetings with Ingalls leadership, a tour of the shipyard and a stop at the company’s new virtual welding lab, where the group experienced how this immersive, hands-on training environment is not only enhancing the skills of current and future shipbuilders, but also setting a new national benchmark for how technology can be leveraged to grow a highly proficient workforce in this essential trade.

Photos accompanying this release are available at: https://hii.com/news/hii-hosts-hd-hyundai-heavy-industries-leaders-at-ingalls-shipbuilding/.

“We appreciate the opportunity to visit our partners at HII and see how they are using technology to enhance efficiency and quality at Ingalls,” Chief Executive of the Naval & Special Ship at HHI Won-ho Joo said. “We look forward to building on the strong foundation set by our recent MOU announcement.”

HII and HHI are two of the world’s leading shipbuilders across multiple classes of ships. By working with shipbuilding allies, this strategic partnership aims to leverage the combined expertise and resources of both companies to advance technological innovation, maximize production efficiency, and strengthen the global defense industry.

About HII

HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.

As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:

• HII on the web: https://www.HII.com/
• HII on Facebook: https://www.facebook.com/TeamHII
• HII on X: https://www.twitter.com/WeAreHII
• HII on Instagram: https://www.instagram.com/WeAreHII

HII Contact:

Kimberly K. Aguillard
228-355-5663
Kimberly.K.Aguillard@hii-co.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a441a1a4-91c0-48ce-b13e-96b88096a512

FAQ

What is the purpose of HII's partnership with HD Hyundai Heavy Industries?

The partnership aims to leverage combined expertise to advance technological innovation, maximize production efficiency, and strengthen the global defense industry.

What new technology did HII showcase during the HD Hyundai visit?

HII showcased their new virtual welding lab, an immersive training environment that enhances shipbuilder skills and sets national benchmarks for workforce development.

How will the HII-Hyundai Heavy Industries partnership affect shipbuilding operations?

The partnership focuses on identifying near-term opportunities and implementing new processes to accelerate ship production at facilities like Ingalls Shipbuilding.

What are the main objectives of HII's collaboration with HD Hyundai Heavy Industries?

The main objectives include advancing technological innovation, maximizing production efficiency, and strengthening the global defense industry through shared expertise.