Northrop Said to Favor Spinoff of Ship Unit Rather than Sale

Friday, November 05, 2010

According to a Nov. 5 report from Bloomberg, Northrop Grumman Corp. told private- equity firms it is scrapping a plan to sell its shipbuilding business and will instead pursue a spinoff of the unit, three people with knowledge of the matter said.

(Source: Bloomberg)

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

Shipbuilding

FORAN Users Meeting (FORUM 2014)

The Eighth FORAN Users Meeting (FORUM 2014) took place June 11-13, 2014 in the Parador de la Granja, Segovia, and when it was over the organizers proclaimed it a great success,

MAN Extends High Speed Power Range

MAN announced it will present a newly developed 12-cylinder V-engine for use in working vessels at the SMM 2014 trade fair in Hamburg, Germany. The German engine

Scorpio Bulkers Gets $540m Loan for Newbuilds

Scorpio Bulkers Inc. announced that it has received a commitment for a $540 million loan facility and provides an update on the financing of its fleet. On July 21,

News

Maine Port City Bans Oil Loading

City councilors in South Portland, Maine, voted late Monday night to ban the loading of crude oil onto tankers along its waterfront, throwing up yet another roadblock

Klüber Obtains Certification for Manufacturing Facilities

Klϋber Lubrication has received the National Sanitation Foundation (NSF) ISO 21469 certification at its Londonderry, New Hampshire facility. The certification from

Pier Damaged at Port Canaveral

Undergoing Repairs While Coast Guard Investigates   The U.S. Coast Guard is investigating a weekend incident that caused pier damage and scattered concrete debris in the harbor on Sunday.

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Naval Architecture Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.0903 sec (11 req/sec)