
Huntington Ingalls Industries [HII] announced April 20 that it has decided against forming a joint venture with energy infrastructure company Kinder Morgan Inc. [KMI] to redevelop HII’s Avondale naval shipyard in Louisiana.HII and Kinder Morgan had explored the possibility of converting the Mississippi River site to a marine terminal to store, load, offload and transport such items as petroleum, coal, ores, metals and grains. But HII said it ultimately concluded that such a project would be too risky, and Kinder…