In an April 20 statement, Huntington Ingalls Industries (NYSE:HII) announced it completed discussions with Kinder Morgan Inc. (NYSE:KMI) regarding redevelopment of HII’s Avondale shipyard in Louisiana. HII and Kinder Morgan mutually decided not to move forward with a joint venture.
HII will continue assessing alternatives for future use of the facility, including the possibility of selling the property, and will continue to work closely with the state of Louisiana and Louisiana Economic Development.
Newport News, Va.-based Huntington Ingalls Industries is the largest military shipbuilding company in the U.S. It provides manufacturing, engineering and management services to the commercial and non-commercial energy, oil and gas markets.
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