Analyst Says Northrop Could Sell Shipyard

Friday, April 09, 2010

Defense industry analyst, Loren Thompson, in an April 7 Press Register story, questioned whether Northrop Grumman Corp.'s recent focus on profit margin will lead it to get out of the shipbuilding industry and sell its Pascagoula shipyard. That's not necessarily bad news for the 12,000 workers in the former Ingalls Shipbuilding yard, according to the Washington D.C.-based analyst. Northrop shipbuilding division's profit margin was 4.8 percent, compared with 10.3 percent for aerospace, 12.6 percent for electronic systems and 7.3 percent for information systems.

(Source: www.al.com)

Maritime Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Shipbuilding

Glosten Designing Vigor’s Alaska Class Ferries

Glosten using Nupas-Cadmatic software for Vigor’s Alaska Class Ferry project   Seattle-based naval architecture consultancy Glosten has joined the list of North

MacGregor's Deck Equipment For Chinese Shipyard

MacGregor, part of Cargotec, has secured a comprehensive deck equipment contract from New Times Shipyard, in China, for Intership Navigation Co Ltd's three new 36,500 dwt Laker-class bulk carriers.

Bollinger Delivers 11th FRC to the US Coast Guard

Bollinger Shipyards, Inc. has delivered the William Trump, the 11th Fast Response Cutter (FRC) to the United States Coast Guard.   The announcement was made by Bollinger Chief Operating Officer,

News

Stena Bulk Joins World Ocean Council

Stena Bulk reports it is the first Swedish shipping company to join the World Ocean Council (WOC), a global organization that converges a diverse range of maritime

CMA CGM Acquires OPDR

The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R.

Sunken WWII Landing Craft Refloated

LCT 7074, the last known landing craft to survive the D-Day invasion in 1944, has been refloated as part of a project to lift and save the vessel which began in March 2014,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Pipelines Ship Electronics Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1726 sec (6 req/sec)