Huntington Ingalls CEO: Avondale on track to close in 2013
by Associated Press
Published: March 28,2012
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.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Family launches Billups Coffee with headquarters in Oxford
- Chris McDaniel responds to radio show audio clip
- ‘Just the beginning’ — Venture Technologies merging, acquiring companies
- Man indicted, accused of bankruptcy fraud
- Running luxury car dealerships, like Mercedes of Jackson, comes naturally to Trudy Higginbotham Moody
- Grenada native Donna Tartt wins Pulitzer Prize for 'The Goldfinch'
- Study: Mississippi has highest sales tax rate in U.S.
- Fight between county, insurer over courthouse fire continues
- Judge to rule on release of Kemper power plant data
- TODD SMITH — Taco Bell and McDonalds take breakfast war viral; how to write killer news releases and more