Fairbanks Morse Defense (FMD) and HD Hyundai Heavy Industries (HHI) have signed a memorandum of understanding (MoU) to explore opportunities for collaboration on future international Navy initiatives.FMD has served the U.S. Navy,
Fairbanks Morse Defense (FMD) and HD Hyundai Heavy Industries (HHI) have signed a memorandum of understanding (MoU) to explore opportunities for collaboration on future international Navy initiatives.
FMD has served the U.S. Navy, U.S. Coast Guard, and Military Sealift Command for nearly a century, providing a comprehensive portfolio of OEM parts, turnkey services and advanced marine technologies.
“The U.S. is signaling to the world that it’s ready to reestablish itself as a shipbuilding nation, and global companies are eager to be part of that effort by working with the American industrial base,” said George Whittier, CEO of Fairbanks Morse Defense. “This MoU allows both our companies to explore avenues that drive mutual growth while still supporting our national manufacturing and maritime defense priorities.”
HHI is the world’s largest single shipbuilding company, leading the global shipbuilding industry with approximately 13% market share in CGT based on the order backlog in 2024.
“HD Hyundai Heavy Industries has been constructing high-quality warships for the Republic of Korea and allied nations for over 50 years, and we believe our expertise can significantly contribute to the U.S. Navy,” said Won-ho Joo, chief executive of Naval and Special Ships at HHI. “Fairbanks Morse Defense’s longstanding relationships
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