Northrop Grumman Closing Tallulah Shipyard

According to an August 3 report from Bloomberg, Northrop Grumman will close its Tallulah shipyard before the end of 2010, ending 95 jobs, and will lay off 110 workers at its Avondale yard slated for closure in early 2013. Northrop Grumman said work will end around Oct. 29 at Tallulah, followed by total closure of the yard around Dec. 3.

(Source: Bloomberg)