By Calvin Biesecker As part of its ongoing process of exploring strategic alternatives for its shipbuilding business, Northrop Grumman [NOC] on Friday filed with the federal government for a potential spin-off of the segment. The Form 10 registration with the Securities and Exchange Commission (SEC) "is the initial step toward executing a spin-off," the company said. Northrop Grumman in July announced that it was looking to divest the shipbuilding business, which has operations in Louisiana, Mississippi and Virginia, with the…
Northrop Grumman Files With SEC For Potential Spin-Off of Ships Business
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