HD Hyundai and Kiewit announce plans for next-generation U.S. Shipbuilding joint venture. * New venture will combine world-class shipbuilding technology with large-scale American engineering and construction expertise to create a new model for U.S. shipbuilding and thousands of new American jobs * Proposed HD Kiewit Shipbuilding venture envisions a new, purpose-built shipyard on an existing industrial site * Construction targeted to begin in 2027 with full-scale operations targeted for 2029. First U.S. application of HD Hyundai's 'Future of Shipyard' model * Initial focus areas include naval auxiliary vessels and commercial vessels HD Hyundai and Kiewit representatives pose after announcing plans to establish HD Kiewit Shipbuilding LLC, a proposed joint venture to develop a purpose-built shipyard in the United States. From left: Hannae Choi, executive vice president and head of the Corporate Planning Division of HD Korea Shipbuilding & Offshore Engineering; Andrew Hong, president and CEO of HD Hyundai USA; Chad Johnson, president of Kiewit Maritime Co.; and Kai Guo, vice president of Kiewit Maritime Co. "Together with HD Hyundai's world-class shipbuilding expertise, we see an opportunity to build a modern shipyard that expands U.S. shipbuilding capacity,..." "Our proposed joint venture HD Kiewit Shipbuilding marks an important milestone in HD Hyundai's journey to become a strategic partner to the U.S. shipbuilding..." "Building on HD Hyundai's shipbuilding technology and shipyard operating capabilities, we will contribute to strengthening the U.S. shipbuilding industry and..." "Through our affiliate, Kiewit Offshore Services, and the broader Kiewit organization, we bring the people, facilities and experience needed to execute..." HOUSTON and SEOUL, South Korea, Oct. 22, 2026 (GLOBE NEWSWIRE) - HD Hyundai USA LLC (HD Hyundai) and Kiewit Maritime Co. (Kiewit), an affiliate of Kiewit Offshore Services, Ltd., today announced plans to establish HD Kiewit Shipbuilding LLC, a joint venture focused on developing an advanced shipyard. The proposed venture would combine HD Hyundai's shipbuilding technology and shipyard operating expertise with Kiewit's large-scale fabrication and construction capabilities, supported by the experience and the facilities of its affiliate, Kiewit Offshore Services, Ltd. The companies intend to apply their complementary strengths to establish a competitive U.S. shipbuilding platform. A New, Purpose-Built Shipyard The companies envision developing a new, purpose-built shipyard on an existing industrial site. This approach would create modern vessel production facilities while making use of an existing industrial location with deep water and unrestricted access to the Gulf. Construction is targeted to begin in 2027, with full-scale operations targeted for 2029,. At full operating scale, the shipyard could support up to 3,000 jobs. The companies also intend to support technical training and workforce development, while working together and strengthening U.S. supply chains for marine components and logistics. The facility will add new industrial capacity and new employment opportunities to the U.S. economy, while helping develop the skilled workforce that will be essential to the future of American shipbuilding. Applying Advanced Shipbuilding Technology Current plans envision incorporating HD Hyundai's "Future of Shipyard" (FOS) model and digital manufacturing technology at the proposed facility. Advanced solutions - including digital twins, automated production systems and robotic welding - are intended to improve productivity, quality and safety throughout the shipbuilding process. Pursuing U.S. Navy and Commercial Vessel Opportunities The JV will explore opportunities involving naval auxiliary and commercial vessels, as well as ship block and module fabrication for U.S. shipbuilders. The companies also intend to expand their cooperation into maritime infrastructures. "Our proposed joint venture HD Kiewit Shipbuilding marks an important milestone in HD Hyundai's journey to become a strategic partner to the U.S. shipbuilding industry," said Hannae Choi, Executive Vice President and Head of Corporate Planning Division of HD Korea Shipbuilding & Offshore Engineering (representing HD Hyundai). "Building on HD Hyundai's shipbuilding technology and shipyard operating capabilities, we will contribute to strengthening the U.S. shipbuilding industry and expanding shipbuilding cooperation between the United States and South Korea." "Through our affiliate, Kiewit Offshore Services, and the broader Kiewit organization, we bring the people, facilities and experience needed to execute complex fabrication work," said Chad Johnson, President of Kiewit Maritime Co. "Together with HD Hyundai's world-class shipbuilding expertise, we see an opportunity to build a modern shipyard that expands U.S. shipbuilding capacity, develops a skilled workforce and strengthens the domestic supply chain." About HD Hyundai HD Hyundai is a global leader in shipbuilding and marine solutions. Its shipbuilding and offshore businesses span vessel design and construction, marine engines and propulsion systems, offshore engineering and vessel lifecycle services, with a focus on smart, efficient and eco-friendly technologies. About Kiewit Maritime Co. Kiewit Maritime Co. is an affiliate of Kiewit Offshore Services, Ltd., within the Kiewit family of companies. It draws on Kiewit's experience in large-scale fabrication, engineering, construction and complex project execution to support U.S. shipbuilding and manufacturing initiatives. Release Summary HD Hyundai and Kiewit Maritime Co. plan a joint venture to develop a next-generation U.S. shipyard, with construction targeted to begin in 2027. Company Profile Kiewit Corporation Kiewit is one of North America's largest and most respected construction and engineering organizations. With its roots dating back to 1884, the employee-owned organization operates through a network of subsidiaries in the United States, Canada, Mexico and Guam. Kiewit offers construction and... Location: Omaha, Nebraska Industry: Construction CEO: Rick Lanoha Number of Employees: 1000+ Revenue: $18.2 billion

HD Hyundai to build US shipyard with Kiewit, create 3,000 jobs. By Thomson Reuters Oct 22, 2026 | 8:59 PM SEOUL, Oct 23 (Reuters) - HD Hyundai Co said on Friday it has signed a deal with Kiewit Corp to build an advanced US shipyard next year, with operations expected to begin in 2029 and create about 3,000 domestic jobs. The new shipyard is expected to boost U.S. shipbuilding capacity and help revive the industry, Hyundai said. The partners will explore opportunities in both commercial ships and military support vessels, it said in a statement. (Reporting by Jack Kim; Editing by Jacqueline Wong) Battle Creek & Kalamazoo | WQXC & WFAT| wqxc.com Current weather. Sat Oct 24 Kalamazoo, MI, USA Last Updated: 7:41 AM (Time Zone: America/Detroit)

Homer City Generation Highlights Kiewit's one-year anniversary of being active on site as Engineering, Procurement, and Construction partner. October 20, 2026 at 12:00 PM EDT i This article is third-party content and does not represent the views of this site. Tamar Securities, LLC make no guarantees regarding its accuracy or completeness. Thanks Kiewit for Leading the Construction of the Homer City Energy Campus Site Spotlights Kiewit's Role in Local Job Creation and Community Partnerships Highlights $250,000 Recently Raised by Kiewit and Homer City Generation for the Indiana County Community Action Program, Indiana County Endowment, and American Cancer Society of Western Pennsylvania Homer City Generation, L.P. ("HCG"), today announced that October 2026 marks the one-year anniversary of Kiewit Power Constructors Co. ("Kiewit") beginning work on site on the Homer City Energy Campus as the project's Engineering, Procurement, and Construction ("EPC") partner. Over the past year, Kiewit has led demolition and construction on the 3,200-acre site while building a workforce of more than 2,000 skilled tradespeople and contractors - a majority of whom are hired from Pennsylvania. The announcement comes several weeks after Kiewit and Homer City Generation held the Inaugural Kiewit Cares Charity Golf Tournament at which they raised $250,000 in total for three local charities: the Indiana County Community Action Program (ICCAP), the Indiana County Endowment, and the American Cancer Society of Western Pennsylvania. Accelerating Construction and Completing Demolition Ahead of Schedule Kiewit began vertical construction on the site in April 2026 with the first structure to rise on the campus, and completed demolition and excavation efforts in June 2026, ahead of schedule. This work included recycling over 112,000 tons of scrap materials, excavating approximately 3 million cubic yards of material - roughly the volume of the Great Pyramid of Giza - and using advanced engineering methods such as robotics in structural demolition to ensure worker safety and operational efficiency. More recently, Kiewit oversaw the installation of the first two heat recovery steam generators (HRSGs) - which were transported to the Homer City Energy Campus beginning in September 2026 - as well as the setting of the first gas turbine on its foundation. Scaling Local Hiring While Maintaining a Safety Record of Zero-OSHA-Recordable Incidents All of this progress was accomplished while maintaining an exceptional safety record of zero-OSHA-recordable incidents to date - a record that speaks to Homer City Generation and Kiewit's shared respect for safety as the number one priority throughout all aspects of the project. At the local level, Kiewit has made significant efforts to hire locally, creating good-paying, family-sustaining jobs for Pennsylvania's skilled tradespeople and providing hands-on training opportunities for apprentices who are working alongside experienced journeymen at the Homer City Energy Campus. Engaging with the Local Community Through Kiewit Cares Beyond the project site, Kiewit employees have also given their time to local community programs and partnership initiatives across Indiana County through Kiewit Cares, the company's community outreach, charitable giving, and employee volunteer program. Most recently, these activities include renovations to Saylor, Burrell, and Josephine parks in Burrell Township, totaling more than 170 volunteer hours; renovations to Homer-Center School District's football facilities; and the donation of hearing and eye protection to the River Valley School District Trap Club. These efforts culminated in the Inaugural Kiewit Cares Charity Golf Tournament in partnership with Homer City Generation held on September 19th. Brian Reinhart, Vice President of Kiewit Power Constructors Co. and Project Director, commented: "In our first year on site, the team has built strong working relationships with Pennsylvania's union workforce and made meaningful progress on safety, quality and productivity. We're proud to have recorded zero OSHA-recordable incidents during this period and to have contributed nearly 1,000 volunteer hours and more than $275,000 to organizations across Indiana County. We look forward to carrying that momentum through construction and delivering a facility that will create local job opportunities." Shawn Steffee, Business Agent for Boilermakers Local 154, commented: "Kiewit and Homer City Generation have brought good-paying, family-sustaining jobs back to Western Pennsylvania - the kind of careers that let our members and apprentices build a future in their own community. The Homer City Energy Campus is showcasing the talent of Pennsylvania's union workforce, and our local members are proud to play a leading role in building it. There's no substitute for the opportunity a project like this creates, and we thank Kiewit for running it safely and efficiently while making it a model the rest of the country can follow." Corey Hessen, CEO of Homer City Generation, L.P., commented: "Kiewit has been an invaluable partner in bringing the Homer City Energy Campus to life, keeping us on schedule while maintaining an exceptional safety record of zero-OSHA-recordable incidents to date - helping us honor our standards of safety and commitment to workforce wellbeing. Kiewit's work has created real opportunities for Pennsylvania workers and their families, all while its own team has given its time generously to new community engagement initiatives across Indiana County. The quality and integrity of our workforce are making it possible for us to continue Homer City's proud energy legacy while building this campus the right way. We look forward to another year with Kiewit as our EPC partner." About Homer City Generation Homer City Generation is transforming the former Homer City Generating Station in Indiana County into what is the largest natural gas-powered energy facility currently under construction in the United States. In partnership with a hard-working community steeped in generations of energy expertise, Homer City Generation is building world-class energy infrastructure while bringing an unprecedented level of economic opportunity to the region. For more information, visit: www.homercityredevelopment.com or email [email protected]. Contacts. 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