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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