Ohio company makes bid for Northrop Grumman shipbuilding

Serious Business Backup 5 replies 249 views
-Society-'s avatar
-Society-
Posts: 1,348
Oct 5, 2010 9:12am
http://hamptonroads.com/2010/10/ohio-company-makes-bid-northrop-grumman-shipbuilding

Anyone in the Cleveland area have any ties to this company? I find it odd that a company the size of Cleveland Ship is looking to purchase 3 Northrop Grumman shipyards and 2 subsidiaries.
-Society-'s avatar
-Society-
Posts: 1,348
Oct 5, 2010 1:12pm
Cleveland Ship LLC homepage: http://clevelandship.com/Page_1.html A work of art for someone trying to make this large of a purchase.

As more information comes out this will get interesting.
J
JTizzle
Posts: 366
Oct 5, 2010 1:17pm
Is Credit Suisse one of the banks that are under fire for all the Swiss tax evasion claims?
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-Society-
Posts: 1,348
Oct 5, 2010 1:19pm
Comment from the article:
Per Wikpedia Renold Thompson Jr. ran National City Bank until the federal goverment took it over. Irony is that in his bio on Clevland's website they fail to mention the name National City bank, probably out of embarassment of taking a bank that started in 1845 and ran it into the ground by doing bad mortgage deals. The bank was forced to be sold to PNC for $5.4 Billion. As a major stock holder.... he made out pretty well.
Not someone I would want running a company.
I
I Wear Pants
Posts: 16,223
Oct 5, 2010 1:35pm
Haha. They use GoDaddy.
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-Society-
Posts: 1,348
Oct 5, 2010 1:48pm
One thing to keep in mind, Northrop Grumman in Newport News is currently the only one that builds aircraft carriers and one of two that builds submarines for the Navy.