The head of Huntington Ingalls Industries Inc. says the company is still on track to close its Avondale shipyard in 2013. During a morning conference call with investment analysts today, company CEO Mike Petters indicated Huntington Ingalls is still open to engaging with a joint venture partner to find a new use for the Jefferson Parish shipyard. But Petters adds that Huntington Ingalls will have to find “a credible partner” who can deliver products to a sustainable market. The Navy has cleared the yard for new commercial uses. The state has offered Huntington Ingalls a $214 million incentive package to keep the yard open. State officials say the yard could be used for oil and gas rigs, offshore wind, generators, commercial nuclear energy and commercial shipbuilding. Avondale currently has about 3,300 workers.
Avondale shipyard still on track for closure next year, CEO says
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