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
- Fervor grows for Tuscaloosa Marine Shale
- Mississippi Power CEO's departure due to withholding Kemper information from regulators
- Hosemann revels in victory over Court's redistricting ruling
- LNG facility hoping to begin exporting natural gas
- Tenn. company makes unspecified offer to lease hospital
- Nullification and interposition
- Airport's food irradiation business could create new jobs
- In wake of bond issue failure, golf course fights to stay playable
- Ag officials say late planting reaching historical proportions