Further cuts may loom in Navy shipbuilding request.

Article Abstract:

The Navy, which already stunned the U.S. shipbuilding industry by planning to more than a halve its shipbuilding funds in the fiscal year ending 30 September 2006, next month may move to halve the funding level yet again. Currently, the Navy is working on a plan to fund just four ships for $5.2 billion in fiscal 2006, down from nine ships for $11 billion in the current fiscal 2005 and the American shipbuilding Association and others are protesting against any move to further cuts.

Government expenditures, National Security, Dept of the Navy, US Navy, United States. Navy, Shipbuilding subsidies, Government finance

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Costs loom for Northrop, others in storm damage

Article Abstract:

Any decisions on the financial matters in the wake of Hurricane Katrina's damage to contractor facilities will have to wait as the US Department of Defense is in the midst of rescue and rebuilding operations. Northrop Grumman doesn't yet have a total dollar amount on its losses in the storm and is in the midst of repairing damage after the hurricane.

Forecasts, trends, outlooks, Management dynamics, Aircraft, Management, Forecasts and trends, Environmental aspects, Market trend/market analysis, Aircraft industry, Northrop Grumman Corp., Company business management, Post-disaster reconstruction

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Northrop Ship Systems yard braced for hurricane

Article Abstract:

Northrop Grumman Corporation unit Ship Systems yards in Louisiana and Mississippi is worried as it is directly in the path of Hurricane Katrina. The company has invested huge amounts of money on renovating expensive new buildings and machinery, which permits workers to perform task indoors, sheltered from the weather.

Northrop Grumman Corp. Marine Systems

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