Sign In
Search
Business/Financial

Northrop Grumman Approves Spin-off of Shipbuilding Business Pending SEC Approval

DDN
SHARE:

By Calvin Biesecker Northrop Grumman [NOC] yesterday said its board of directors has approved the spin-off of its shipbuilding operations to company stockholders subject to final approval from the Securities and Exchange Commission. If all goes to plan, Northrop Grumman shareholders will receive one share of common stock in Huntington Ingalls Industries (HII) for every six shares of Northrop Grumman common stock they hold on the March 31 distribution date. Any fractional shares will be aggregated and sold in the…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at [email protected] or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Avondale Shipyard’s Fate Remains Unclear

Business/Financial

Northrop Grumman Completes Sale of Services Business

Business/Financial

Northrop Grumman Files With SEC For Potential Spin-Off of Ships Business

Business/Financial

Northrop: Shipbuilding Business Has Room For Sales And Profit Growth

Trending

Lockheed Using Northrop Grumman As NGI Rocket Motor Backup
Systems Integration Review for VICTUS HAZE Completed, Rocket Lab USA Says
Low-Cost Cruise Missile Funding in Reconciliation Act Awaiting Contract Obligation
Collins Sees Golden Dome As Periodic Upturn in Missile Defense, Tells Industry To ‘Get Ready To Go Fast And Think Big’
New Electro-Optical Commercial Services Program Advised by Senate Defense Appropriators

Contract Updates

BAE Systems Space & Mission Systems Inc. (Boulder, Colorado) – $48,000,000

BAE Systems Space & Mission Systems Inc., Boulder, Colorado, was awarded a $48,000,000 firm-fixed-price contract for the study, design, development, enhancement, testing, and procurement of advanced communication-electronics technologies. Bids were solicited via the internet with one received. Work locations and…

Portus Stevedoring LLC (Jacksonville, Florida) – $8,292,583

Portus Stevedoring LLC, Jacksonville, Florida, is awarded a not-to-exceed $8,292,583 firm-fixed-price, indefinite-delivery/indefinite-quantity contract with a five-year ordering period for stevedoring and related terminal services. This contract provides for full range of stevedoring and related terminal services to include the receipt,…

Foster Miller doing business as QinetiQ North America (Waltham, Massachusetts) – $11,310,230

Foster Miller, doing business as QinetiQ North America, Waltham, Massachusetts, is awarded an $11,310,230 firm-fixed-price modification to a previously awarded indefinite-delivery/indefinite-quantity contract (N00174-21-D-0019) to exercise Option Year Four for production, engineering support, and post-production support of the MK 2 Man…

EnergySolutions Services Inc. (Oak Ridge, Tennessee) – $13,336,650

EnergySolutions Services Inc., Oak Ridge, Tennessee, is being awarded a $13,336,650 firm-fixed-price, indefinite-delivery/indefinite-quantity contract action (N42158-25-D-E001) for nuclear services for the processing, recycling and disposal of radiologic materials through disassembly, decontamination, metal melting, compaction, incineration, resin sluicing/dewater, bulk waste assay…

The Force Multipliers

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Force Multipliers

Chris Wilson – Qlik

Force Multipliers

Tim Solms – Slingshot Aerospace

Job Feed

Post a Job // Post a Resume