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Northrop Grumman Completes HHI Spin-Off

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By Ann Roosevelt Northrop Grumman [NOC] yesterday said it completed the previously announced spin-off of its subsidiary Huntington Ingalls Industries Inc. [HII]. Northrop Grumman stockholders of record at the close of business of the New York Stock Exchange (NYSE) March 30 received one share of HII common stock for every six shares of Northrop Grumman common stock held. Stockholders will receive cash in lieu of fractional shares of HII. There will be no change to the trading of Northrop Grumman's…

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