In a press release last week, the Northrop Grumman announced they had filed paperwork with the SEC for a possible spinoff of their shipbuilding division.
Northrop Grumman owns the shipyard at Newport News, which has the largest drydock in North America, and is the only yard capable of building Nimitz-class aircraft carriers. Northrop Grumman also owns Ingalls Shipbuilding in Pascagoula, MS and Avondale in Louisiana. These two highly prolific naval shipyards have built at least half of the cruisers and destroyers, and nearly all of the amphibious ships commissioned by the US Navy over the past 40 years.
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Nov 29 (Reuters) – The Sahand destroyer, which capsized during repairs last year, has been recommissioned into the Iranian Navy along with the Kurdistan floating base, Iran’s state media reported on Saturday. The move...
The U.S. government is once again under fire for a long-standing shipbuilding habit: starting construction before designs are fully baked. The practice has repeatedly led to cost overruns, delays, and technical setbacks across several major maritime programs, the Government Accountability Office (GAO) has repeatedly pointed out in its reports.
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