Market Chatter: HD Hyundai, Anduril Team Up to Develop Unmanned Naval Vessels; Shares Decline 4%

MT Newswires Live
04-07

HD Hyundai (KRX:267250) signed a memorandum of understanding with US defense technology firm Anduril Industries to co-develop and commercialize unmanned surface vessels, Yonhap News reported Friday.

The collaboration will merge Hyundai's autonomous navigation systems with Anduril's AI-powered mission technologies. Hyundai will focus on automation for navigation, propulsion, and safety, while Anduril will handle mission automation, the report said.

Shares of HD Hyundai fell nearly 4% in recent trade on Monday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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