General Dynamics (GD) NASSCO, a business unit of General Dynamics, and its long-term partner, DSEC Co., Ltd., together with Samsung Heavy Industries Co., Ltd. of South Korea announced today the signing of a tri-party Memorandum of Agreement – joining forces to collaborate on their industry leading ship design and manufacturing automation and technology in the U.S. market. The partnership will advance all three companies’ endeavors into commercial, naval, and other government shipbuilding projects, including the U.S. Navy’s Next Generation Logistics Ship, and will leverage decades of common experience and success teaming in U.S.-South Korean shipbuilding.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- Western Digital, Norwegian Cruise, Lemonade, General Dynamics, EA: Insider Moves Unveiled!
- Trump Weekly: White House postpones healthcare proposal after backlash
- Trump Trade: Trump says ‘tremendous progress’ on ending Ukrainian war
- Trump says ‘tremendous progress’ on ending war between Russia and Ukraine
- General Dynamics initiated with an Outperform at BNP Paribas Exane