Posted: Jul 14, 2010 10:25 AM by Melissa Canone
Updated: Jul 14, 2010 10:27 AM
NEW ORLEANS (AP) - In addition to closing its Avondale shipyard
in early 2013, Northrop Grumman Corp. also plans to shutter smaller
yards at Tallulah and Waggaman in Louisiana.
The Los Angeles-based defense contractor said Tuesday that it
will close the Avondale yard - with 5,000 employees - after work is
finished on two Navy amphibious assault ships. The last two ships
in the LPD-17 series will be constructed at the Northrop Grumman
yard in Pascagoula, Miss.
Northrop Grumman CEO Wes Bush announced the additional closures
during a conference call with investors Wednesday.
The company says it expects productivity losses at Avondale as
the result of the decision. Northrop Grumman has raised the
estimates to complete two LPDs currently under construction at
Avondale by $210 million.