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Business/Financial

Huntington Ingalls Sells Avondale Shipyard

By Cal Biesecker

Thursday, October 4th, 2018

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Huntington Ingalls Sells Avondale Shipyard

An MV-22 Osprey lands aboard the USS New York LPD 21 amphibious transport dock in this Aug. 2014 photo. The ship was built at Avondale and delivered in 2009. Photo: HII

Four years after closing its shipyard in Avondale, La., Huntington Ingalls Industries [HII] on Thursday said the facility has been sold to a joint venture consisting of a terminal operator and redevelopment company.Terms of the sale to Avondale Marine, which consists of T. Parker Host and Hilco Redevelopment Partners, were not disclosed. A spokeswoman for HII told Defense Daily that any impact from the sale on the company’s financials wouldn’t be discussed until results are reported.HII built more than 2,000…

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