Wednesday, October 15, 2008

Bollinger sues Northrop Grumman

NEW ORLEANS. La. - Bollinger Shipyards filed a $12 million suit against Northrop Grumman in a dispute involving renovation of Coast Guard cutters that were later taken out of service. Bollinger was ordered by Northrop to stop work on the contract after Bollinger delivered six boats and had begun work on six others. Bollinger said it demanded Northrop pay it $12.1 million to terminate the work, but the company refused. (Source: AP, 10/15/08)