Huntington Ingalls, Kinder Morgan to study Louisiana shipyard options

|About: Huntington Ingalls Industri... (HII)|By:, SA News Editor

Huntington Ingalls (HII +0.5%) says it will explore redeveloping its Avondale shipyard in Louisiana with the help of Kinder Morgan Partners (KMP +0.4%).

Once the study is completed and a redevelopment plan is created, the two companies may pursue a joint venture to convert the site into a new use.

The shipbuilder had struggled to find a partner to redevelop the naval shipyard, which it slated for closure in 2010.