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Business/Financial

Navy Will Benefit From Northrop Grumman Shipyard Consolidation, Official Says

DDN

Friday, March 14th, 2008

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By Geoff Fein The recent decision by Northrop Grumman [NOC] to consolidate its shipbuilding sector into one unit should, over time, provide benefits to the Navy, a service official said. In January, Northrop Grumman combined its two shipbuilding sectors, Newport News and Ship Systems, into a single operating sector. The move will enable Northrop Grumman to more effectively utilize its shipbuilding assets and deploy its talented shipbuilders, processes, technologies, production facilities and planned capital investments to meet its customers' needs,…

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