NEW ORLEANS — The head of Huntington Ingalls Industries Inc. says the company is still on track to close its Avondale shipyard in Louisiana in 2013.
During a conference call today with investment analysts, company CEO Mike Petters indicated Huntington Ingalls is still open to find a joint venture partner to find a new use for the Jefferson Parish shipyard.
But Petters said that Huntington Ingalls would have to find “a credible partner” who can deliver products to a sustainable market.
The Navy has cleared the yard for new commercial uses.
The state has offered Huntington Ingalls a $214 million incentive package to keep the yard open. State officials say the yard could be used for oil and gas rigs, offshore wind, generators, commercial nuclear energy and commercial shipbuilding. Avondale currently has about 3,300 workers.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info