Key facts
- The joint venture, tentatively named HD-Kiewit Shipbuilding LLC, aims to create 3,000 jobs.
HD Hyundai, Kiewit to Build US Shipyard, Create 3,000 Jobs
IN SHORT
HD Hyundai Co. and Kiewit Corp. have signed a deal to construct a new US shipyard, with operations slated to begin in 2029. The project is expected to create approximately 3,000 domestic jobs and enhance US shipbuilding capacity.
Key Numbers
3,000jobs to be created
2029year for full shipyard operations
October 22, 2026JV signing date
Who's Involved
HD Hyundai Co.
South Korean shipbuilding giant establishing a joint venture
Kiewit Corp.
U.S. engineering and construction company forming a joint venture
HD-Kiewit Shipbuilding LLC
tentative name for the joint venture
Chad Johnson
Kiewit Maritime Co. president
↳ Why This Matters
The joint venture between HD Hyundai and Kiewit aims to expand U.S. shipbuilding capacity and strengthen domestic supply chains, potentially impacting the U.S. defense and commercial maritime sectors.