SIBENIK, Croatia -- HD Hyundai Heavy Industries (HD HHI) has signed a strategic teaming agreement with Croatia's Iskra Shipyard, positioning the pair for a bid for the Croatian Navy's upcoming Multirole Corvette (MRC) procurement. The agreement, executed October 1 in Sibenik, combines HD HHI's warship design, engineering, and production expertise with Iskra's domestic manufacturing base, local shipyard infrastructure, and familiarity with Croatian defense requirements. Both companies describe the MRC as the anchor program for a broader portfolio of surface combatant work.
Per the agreement, both entities plan to pursue joint commercial, industrial, and naval shipbuilding opportunities, drawing on Iskra's recent acquisition of the historic 3.Maj shipyard in Rijeka.
HD HHI also said it intends to work with Croatian suppliers, engineering firms, and academic institutions to build a self-sustaining domestic supply chain for the program's full lifecycle. An HD Hyundai representative called the deal a starting point for an enduring partnership, with the aim of supporting the Croatian Navy's modernization while gradually expanding joint naval shipbuilding.