Northrop Board Approves Shipbuilding Spinoff Deal
By Michael Fabey mike_fabey@aviationweek.com.
Northrop Grumman’s board of directors has approved the spinoff of its wholly owned subsidiary Huntington Ingalls Industries to Northrop stockholders, subject to final U.S. Securities and Exchange Commission (SEC) clearance, the company confirmed March 15.
Northrop has been saying for months now that it would be exiting all or most of the U.S. military shipbuilding work as ...
