Huntington Ingalls Inc. Northrop Grumman shipbuilding spin-off

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Northrop Grumman says HII planning bond issue

Northrop Grumman (NYSE:NOC) today announced what it called “an important step toward an anticipated spin-off” of its shipbuilding business through wholly-owned subsidiray Huntington Ingalls Industries, Inc. (HII), It said that HHI intends