July 14 2010
In a surprise announcement, Northrop Grumman, the U.S. Navy's largest shipbuilder, says it may sell off its shipbuilding business, Defense News reports.
The defense firm also confirmed rumors that it will close down its Avondale shipyard near New Orleans by 2013.
Company officials said the firm plans to consolidate its Gulf Coast shipbuilding operations at the Ingalls yard in Mississippi. The consolidation move is intended to reduce costs and increase efficiency. Northrop is...
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