Independent journal on economy and transport policy
13:44 GMT+2
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The Board di Northrop Grumman has approved of the scorporo of the activities of shipbuilding
Spin of the Huntington Ingalls Industries, Inc.
March 16, 2011
The board of directors of the group Northrop Grumman American has approved of the spin-off regarding shareholders of the same group of the society integrally controlled Huntington Ingalls Industries, Inc. (HII), in which the activities of shipbuilding fall back operated by Northrop Grumman.
The scorporo it is planned last year by the leadership of the group ( on 14 July and 5 October 2010). The Board di Northrop Grumman has decided that the shareholders enrolled of the group receive an action of HII every six common stocks of Northrop Grumman in they possession. Aliquot actions of HII will not be distributed that will be aggregated and sold on the market.
"We have established - he has explained the managing director and president of Northrop Grumman, Wes Bush - than the spin-off of our activity of shipbuilding will guarantee a better service to our shareholders, customers and dependent. The separation will allow with HII and Northrop Grumman to focus with more attention on they respective customers".
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