Business
General Dynamics NASSCO and South Korean Shipbuilding Leaders DSEC Co. and Samsung Heavy Industries Co. Sign Tri-Party Memorandum of Agreement
General Dynamics NASSCO, a business unit of General Dynamics (NYSE:GD), and its long-term partner, DSEC Co., Ltd., together with Samsung Heavy Industries Co., Ltd. (SHI) 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.
About this update from Samsung Heavy Industries Co., Ltd
[{"type":"text","content":"SAN DIEGO, Dec. 3, 2025 /PRNewswire/ -- General Dynamics NASSCO, a business unit of General Dynamics (NYSE:GD), and its long-term partner, DSEC Co., Ltd., together with Samsung Heavy Industries Co., Ltd. (SHI) 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.","length":430,"tagName":"p"},{"type":"image","alt":"Pictured from left to right: Mr. Seogyong (SY) Youn, DSEC President; Dave Carver, NASSCO President; Mr. Joonyun Kang, Samsung Director of the Eco Business Team","displaySize":"","headline":null,"caption":"Pictured from left to right: Mr. Seogyong (SY) Youn, DSEC President; Dave Carver, NASSCO President; Mr. Joonyun Kang, Samsung Director of the Eco Business Team","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":267,"url":"https://media.zenfs.com/en/prnewswire.com/b79ef4eb249fe6feb5cd8b6b2dcfe6ee"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/XfLJ903sJ4_YEJw0Ew2bFA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ3MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/b79ef4eb249fe6feb5cd8b6b2dcfe6ee","width":400,"height":267}},"href":"https://mma.prnewswire.com/media/2838254/12_03_25_NASSCO_DSEC_Samsung_Contract_Signing_01.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"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 (NGLS), and will leverage decades of common experience and success teaming in U.S.-South Korean shipbuilding.","length":302,"tagName":"p"},{"type":"text","content":"General Dynamics NASSCO has been the U.S. leading designer and builder of major naval auxiliary and commercial vessels since the 1950s, delivering over 150 vessels to date. NASSCO is currently building the U.S. Navy's 20-ship class of John Lewis (T-AO 205) Fleet Oilers and is designing the U.S. Navy's future Submarine Tender (AS-X) class. Recent commercial programs include ConRo ships, containerships, and medium range (MR) tankers, all designed with DSEC and other South Korean partners, leveraging NASSCO's long history of cooperation with some of the world's leading ship ...