Last week, America’s largest military shipbuilder signed a memorandum of understanding with South Korea’s Hyundai Heavy Industries, the global leader in shipbuilding with a roughly 10% market share.
This new agreement comes as President Donald Trump has just issued an executive order on “Restoring America’s Maritime Dominance” to “revitalize and rebuild domestic maritime industries and workforce to promote national security and economic prosperity.”
Virginia-based Huntington Ingalls Industries builds Arleigh-Burke destroyers, amphibious warships, aircraft carriers, and nuclear submarines for the U.S. Navy. Huntington Ingalls employs 44,000 Americans and builds ships primarily in Newport News, Virginia. and Pascagoula, Mississippi. Korean Hyundai Heavy Industries builds Arleigh Burke-class destroyers for the Korean Navy, submarines, and corvette…
