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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.

HII (NYSE: HII) and South Korea’s HD Hyundai Heavy Industries (HHI), two of the world’s largest shipbuilders, signed a memorandum of understanding (MOU) on April 7. Under the MOU, which was signed ...