Subsidy Tracker Individual Entry

Company: 
Newport News Shipbuilding (now Huntington Ingalls Industries)
Parent Company: 
Huntington Ingalls Industries
Subsidy Source: 
state
Location: 
Virginia
City: 
Newport News
Project Description: 

aircraft carrier design center and shipyard training program

Year: 
1998
Major Industry of Parent: 
aerospace and military contracting
Specific Industry of Parent: 
aerospace & military contracting
Subsidy Value: 
$98,000,000
Program Name: 
multiple
Awarding Agency: 
state legislature
Type of Subsidy: 
MEGADEAL
Source of Data: 

The subsidy estimate came from: Andrew Petkofky, "Yard's research center funded; ship industry called key to Va.," Richmond Times Dispatch, June 20, 1998.

Notes: 

To encourage Newport News Shipbuilding to remain in Virginia, the state legislature agreed to provide $58 million for the creation of a research facility called the Carrier Integration Center as well as $40 million for other research and training costs. Newport News Shipbuilding was later acquired by Northrop Grumman, which subsequently spun off its shipbuilding operations as Huntington Ingalls Industries. Overlaps with main Subsidy Tracker data: none.

Source Notes: 
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