Is Huntington Ingalls in the future?

Northrop Grumman took another step towards a possible spinoff of its shipbuilding operations in Virginia and Mississippi with another filing to the Securities and Exchange Commission. The new company would be named Huntington Ingalls Industries, after the founders of Newport News shipyard in Virginia and Ingalls Shipbuilding of Pascagoula, Miss. It would be based in Newport News and be a wholly owned subsidiary of Northrop Grumman. No final decision has been made on whether to opt for the spinoff or to sell the shipbuilding segment. The filing also confirmed plans to close Avondale in Louisiana by 2013 and shift the work to Pascagoula and Gulfport, Miss. (Sources: Mississippi Press, Daily Press, Sun Herald, 11/24/10)