HD Hyundai says discussing potential order volume with U.S. Navy

What happened: HD Hyundai said it is discussing the scale of potential orders with the U.S. Navy for ships to be built at a planned U.S. shipyard, following its joint venture agreement with Kiewit. Key numbers: Construction is planned to begin next year, with full-scale operations in 2029. Why it matters: An executive said the scope of U.S. investment depends on how much volume can be secured. HD Hyundai is targeting auxiliary ships, while combat ship work needs more discussion.

HD Hyundai said it is discussing the scale of potential orders with the U.S. Navy for ships to be built at a planned U.S. shipyard, following its joint venture agreement with Kiewit.

An executive said the scope of U.S. investment depends on how much volume can be secured. HD Hyundai is targeting auxiliary ships, while combat ship work needs more discussion.