HII agrees to sell Avondale Shipyard

Huntington Ingalls Industries has agreed in principal to sell its former Avondale (La.) Shipyard, a site that had built and launched amphibious warships such as the USS New York to Coast Guard icebreakers, but one that had fallen victim to business consolidation. The proposed agreement came in a conference call with banking analysts during executives’ discussion about second-quarter earnings. HII did not disclose the potential buyer or terms of the agreement, and said the agreement could take months to come to fruition. It was good news from the perspective of the Jefferson Parish Economic Development Commission. JPEDC President Jerry Bologna called the 265-acre Avondale site a community asset, and the region filled with skilled workers. (Source: Daily Press 08/08/17)