Shipbuilders could see impact from Defense Department cuts
by Associated Press
Published: January 30,2012
PASCAGOULA — The Department of Defense’s proposed cost-cutting measures could have major implications for shipbuilding in South Mississippi.
As a result of the cuts, some new vessels could be shelved, scrapped or delayed over the next decade.
A few broad details covered in the first five years of a 10-year cost reduction plan were released Thursday, but more information is expected on Feb. 13.
The Sun Herald reports the proposal for a one-year delay in the start of construction on a LHA large-deck amphibious vessel, which is to be built by Huntington Ingalls in Pascagoula. The proposal also calls for proceeding with the Navy’s plans to buy more Arleigh Burke class guided-missile destroyers from Huntington Ingalls. Officials declined to comment on how the plans could affect the shipyard’s future.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Hood clarifies opinion on open-carry gun law
- IKE TROTTER: There are primary changes in Social Security for 2014
- Expert on airlines predicts Jackson-Evers will keep remaining carriers
- C Spire launches next phase of 1-gig service rollout
- Court to hear case involving alligators and ExxonMobil
- MAN OF STEEL: Madhu Ranade leading Severstal Columbus
- Alcorn's finances being investigated; CFO resigns
- Officials hand mayor projects list totaling $57.7M
- Public meeting called to mull future of convention center
- Town given Obamacare insurance break, but faces additional costs in 2015