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Huntington Ingalls CEO: Avondale on track to close in 2013

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.

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