Independent journal on economy and transport policy
15:43 GMT+2
High costs force Newport News to quit commercial shipbuilding
(World Wide Shipper)
March 17, 1998
NEWPORT NEWS, Va. -- Newport News Shipbuilding (NNS) has announced changes in its commercial shipbuilding business that will result in a reduction in the number of ships to be built and a withdrawal from this market by the middle of next year. A pre-tax charge of approximately $150 million is being taken against 1997 results to include projected contract ...... Read more on World Wide Shipper
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