November 24, 2010
Newport News and Ingalls shipbuilding names set for revival
Northrop Grumman continues its preparations for a spin off of its shipbuilding operations to its shareholders.
According to an SEC filing today by New Ships, Inc., an entity set up by Northrop Grumman as part of the process, the spun-off shipbuilding business would operate as Huntington Ingalls Industries, Inc.
Collis P. Huntington founded Newport News Shipbuilding in 1886 and Ingalls Shipbuilding was established in 1938 by the Ingalls Iron Works of Birmingham, Alabama, a company founded by the Ingalls family with Robert I. Ingalls, Sr. at the helm.
Under the Huntington Ingalls banner, the two Northrop Grumman shipbuilding divisions would go back to the historic names of Newport News Shipbuilding and Ingalls Shipbuilding. Given that Northrop Grumman is trying to close down the Avondale yard as quickly as it can, it's no surprise that there are no plans to revive that historic name.
The interesting stuff in today's filing is HERE