General Dynamics NASSCO, a business unit of General Dynamics (GD), together with its long-term partner DSEC Co., Ltd. and Samsung Heavy Industries Co., Ltd. of South Korea, announced the signing of a tri-party Memorandum of Agreement. The collaboration will focus on bringing ship design, manufacturing automation, and advanced technology to the U.S. market.
The partnership is expected to strengthen all three companies' efforts across commercial, naval, and government shipbuilding projects, including work on the U.S. Navy's Next Generation Logistics Ship (NGLS). By leveraging decades of shared experience and successful cooperation in U.S.-South Korean shipbuilding, the agreement aims to accelerate innovation and expand capabilities in the sector.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.