Marine Link
Sunday, December 15, 2024

Litton Shelves $1.8B Bid For Newport

Maritime Activity Reports, Inc.

July 12, 1999

Defense and electronics giant Litton Industries Inc. reportedly withdrew its $1.8 billion offer to buy Newport News Shipbuilding Inc. because of opposition from the U.S. government.

Subscribe for
Maritime Reporter E-News

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email five times per week