Pentagon eyeing Northrop Grumman shipyard sale

The Pentagon is closely watching Northrop Grumman’s proposed sale of its shipping business. The company is one of two shipbuilders for the Navy, and Pentagon officials are concerned that a sale would concentrate the nation’s military ship building in the hands of a single contractor, General Dynamics. Northrop is closing its Louisiana shipyard by 2013 [...]

July 15, 2010Comments OffRead More