Cleveland Ship Bids for Northrop Grumman Shipbuilding
According to an Oct. 5 report from The Virginian-Pilot, a Cleveland-based firm has bid to acquire the entire shipbuilding unit of Northrop Grumman Corp., including the big shipyard in Newport News that builds aircraft carriers and submarines for the Navy. If successful, Cleveland Ship would acquire Northrop Grumman's shipyards in Newport News; Pascagoula, Miss.; and Avondale, La.; as well as two subsidiaries, AMSEC LLC, based in Virginia Beach, and Continental Maritime, a San Diego ship repair facility.
(Source: The Virginian-Pilot)