Avondale opportunities explored

NEWPORT NEWS, Va. -- Huntington Ingalls Industries said it will conduct a study with Kinder Morgan Energy Partners, LP to explore redeveloping Huntington Ingalls Industries' Avondale shipyard in Louisiana. Since the July 2010 announcement to close Avondale, HII has sought a way to redevelop the facility. The study will explore and evaluate best-use opportunities. Once the study is completed, HII and Kinder Morgan Energy Partners may pursue the formation of a joint venture for Avondale site. The site on the Mississippi River offers access to major markets by truck, rail and sea. (Source: Huntington Ingalls, 04/11/14)