Litton Withdraws Deal For Newport News

Friday, July 09, 1999
Litton Industries Inc. has reportedly withdrawn its $1.8 billion bid to buy Newport News Shipbuilding Inc., saying the deal was not likely to get the necessary government approval.
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Contracts

USA Urged Not to Delay Arctic Drilling

The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, reports AP.

JV Wins $2bln Freeport LNG Contract in US

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Viking Bags Charter Deal for AHTS Brage Viking

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Shipbuilding

First Supramax Vessel for Japan-Italy Venture

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Austal Graduates 48 4-Yr Apprentices

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BAE Systems to Expand San Diego Shipyard

BAE Systems announced it will invest approximately $100 million to expand drydocking capabilities at its San Diego shipyard.   The investment, which will include

 
 
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