Northrop CEO Details Shipbuilding Decision

By Joseph C. Anselmo - Northrop announced last week that it would look at options to sell or spin-out its shipbuilding unit, which accounted for 17% of the U.S. defense giant’s sales last year. Wes Bush, who has made improved performance and profitability his top goal since becoming CEO on Jan. 1, says the shipbuilding operation lacked synergy with the company’s aerospace, electronics,...