Bidder reported for shipyards

Bloomberg is reporting that Cleveland Ship LLC, formed to bid for a new class of U.S. Navy oilers, made an offer for Northrop Grumman Corp.’s shipbuilding unit. The Cleveland-based company did not specify the value of its Sept. 23 bid. Cleveland Ship said it had expressed interest earlier this year in buying Northrop Grumman's shipyard in Avondale, La. Northrop Grumman said in July it will be closing the Louisiana shipyard and consolidate work in Pascagoula, Miss. But the company also said it is considering selling its entire shipbuilding sector, which also includes Newport News, Va. (Source: Bloomberg, 10/04/10)