NNS Will Not Boost Avondale Bid Newport News Shipbuilding reportedly will not increase its bid for Avondale Industries, Inc., after Avondale said it was prepared to accept an offer from Litton Industries Inc.
Litton Industries, Inc. announced the completion of its acquisition of Avondale Industries, Inc. for $39.50 per share in an all cash transaction valued at approximately $529 million in the aggregate. Avondale, based in New Orleans, designs, builds and overhauls ships for the U.S. Navy, the USCG and commercial customers. Avondale had revenues of approximately $750 million for the year ended December 31, 1998, and employs almost 6,000 people.
Litton Avondale Industries, a division of Litton Industries, has been awarded a $477.7 million contract by the U.S. Navy for the construction of an additional ship in the Navy's newest class of amphibious assault ships. The cost reimbursable contract is for the construction of LPD 20, the fourth ship in a planned 12-ship program. The follow-on eight ships in the LPD 17 San Antonio Class program will be awarded over the next four years.
Avondale Shipbuilding employees voted to approve the terms of their first union contract with Litton Industries. The company's 1,500 Metal Trades -represented workers approved the agreement by a four-to-one margin. The 45-month agreement, negotiated by the New Orleans Metal Trades Council, provides an immediate three percent wage hike in January as part of an overall nine percent wage hike paid in three increments. Also in the area of wages
Northrop Grumman Corp. recently won a $1b contract from the U.S. Navy to build the ninth vessel of LPD-17 Class of amphibious transport ships. Northrop Grumman is building ships for the $13.5b Navy program at its facilities in Avondale, La., and Pascagoula, Miss. The LPD-17s, which stand for Landing Platform Dock, are amphibious assault vessels. Work on the latest ship will be performed at Avondale, near New Orleans, and in Pascagoula and is expected to be completed in 2011.
Northrop Grumman Corporation's Ship Systems sector delivered USNS Benavidez (T-AKR 306) to the U.S. Navy on September 10, 2003, successfully completing nearly a decade of construction of the Bob Hope-class ships. Benavidez is the final ship of seven of these LMSR (large, medium-speed, roll-on, roll-off) vessels built by Ship Systems' Avondale Operations in New Orleans, La. The ship conducted successful sea trials this summer and recorded an excellent rating by the Navy.
USNS Brittin (T-AKR 305), the sixth of seven Bob Hope-class strategic sealift ships being built by Northrop Grumman Corporation's Ship Systems sector, was delivered to the U.S. Navy at the company's Avondale Operations in New Orleans. Participating in the delivery were representatives of the Naval Sea Systems Command (NAVSEA), the supervisor of shipbuilding, conversion and repair, New Orleans, and Ship Systems officials.
The seventh and final Bob Hope-class Strategic Sealift ship, Benavidez (T-AKR 306), built by Northrop Grumman Corporation's Ship Systems sector, is underway in the Gulf of Mexico on predelivery sea trials. The 950-ft. cargo ship, built at Ship Systems' Avondale Operations in New Orleans, is undergoing at-sea testing of all equipment and systems, en route to Ship Systems' Ingalls Operations in Pascagoula, Miss., for additional dockside testing
A University of New Orleans engineering team sponsored by Northrop Grumman Corporation's Ship Systems sector recently piloted its solar-powered electric boat to a first-place finish in the sprint division of Solar Splash 2003. Solar Splash 2003, held this year in Buffalo, N.Y., is an intercollegiate engineering national competition that enables schools to obtain practical engineering experience through the design, fabrication and racing of solar-powered watercraft.
According to a July 11 report from Nola.com, grim prospects for the Avondale shipyard outside of New Orleans and its 5,000 jobs have public officials scrambling to find a solution and warning of potentially painful damage to the regional economy. Stephen Moret, Louisiana's Secretary of Economic Development, expressed concerns about the facility's future last week after talks with Northrop Grumman, the defense giant that owns the plant.
Governor Bobby Jindal appointed south Louisiana businessman and entrepreneur Laney J. Chouest to the Board of the Commissioners of the Port of New Orleans. Chouest, who was sworn in during today’s Board meeting, will serve a five-year term, succeeding Joseph F
Bollinger Shipyards announced that Chris Remont has joined the company as Director of Program Management. Remont will oversee all aspects of Program Management for Bollinger Shipyard’s Lockport new construction facility, with an emphasis on the present U.S
Huntington Ingalls Industries announced today it will conduct a study with Kinder Morgan Energy Partners, L.P. (NYSE:KMP) to explore redeveloping Huntington Ingalls Industries' Avondale shipyard in Louisiana. Since the July 2010 announcement to close Avondale
Coast Guard helicopters train aboard the Navy’s newest warship The U.S. Navy’s newest amphibious transport dock ship and U.S. Coast Guard medium range recovery helicopters trained together in several ship and helicopter exercises Wednesday, Feb
The Navy's newest amphibious transport dock ship, Pre-commissioning Unit Somerset, (LPD 25) departed Huntington Ingalls Industries (HII) Shipbuilding site in Avondale, La., Feb. 3, beginning its maiden voyage to its commissioning site in Philadelphia, March 1.
Huntington Ingalls Industries announce that the amphibious transport dock 'Somerset' (LPD 25) has returned from successful U.S. Navy acceptance sea trials. The company's ninth ship in the San Antonio (LPD 17) class returned to the company's Avondale facility following three days of at-sea
Huntington Ingalls Industries announced that René Mathieu has been named vice president and general manager, Avondale Industries Inc., effective May 20. He is responsible for all non-Navy aspects of HII's energy infrastructure business in Avondale, La
The Navy is to commission amphibious transport dock ship 'USS Anchorage' in namesake port city of Anchorage, Alaska, 4, May 2013. Adm. Cecil Haney, commander, U.S. Pacific Fleet, will deliver the ceremony's keynote address. Annette Conway, wife of retired Gen. James T
Huntington Ingalls Industries Opens Houston Office to Pursue Energy Business for Avondale Subsidiary. Huntington Ingalls Industries (NYSE:HII) announced today that it is opening an office in Houston, Texas, for business development efforts to pursue opportunities in the energy
Ingalls Shipbuilding brings holiday cheer to communities through employee donations and $15,000 to local food banks. Huntington Ingalls Industries' Ingalls Shipbuilding division and its employees have participated in holiday giving throughout all of the communities on the Gulf Coast
The amphibious transport dock Pre-Commissioning Unit (PCU) 'Anchorage' (LPD 23) arrives at her new homeport of San Diego. Anchorage, under the command of Capt. Brian Quin, departed Huntington Ingalls Industries (HII) Shipbuilding site in Avondale, La. Oct. 30 to sail to its new home port.
Amphibious ship 'USS Anchorage' (LPD 23) transits the Panama Canal while in 4th Fleet's area of operations for the first time. USS Anchorage departed the Huntington Ingalls Industries (HII) Shipbuilding site in Avondale, La. Oct. 30, 2012 to sail to her future homeport of San Diego.
Secretary of the Navy Ray Mabus names May 4, 2013 for commissioning of the namesake warship in Anchorage, Alaska. The commissioning is a formal ceremony in which the ship officially becomes a unit of the operating forces of the United States Navy
Huntington Ingalls Industries appoints Christopher D. Kastner Corporate Vice President & General Manager, Corporate Development. Effective immediately, Kastner will report to HII President and CEO Mike Petters, who said: "In this newly formed position
Nearly 300 new Ingalls Shipbuilding employees receive a right royal welcome into the workforce. The new employees were welcomed by Governor Phil Bryant, Ingalls Shipbuilding President Irwin Edenzon and Mississippi Gulf Coast Community College President Mary Graham during an apprentice graduation