Litton to Build War Vessel for $477.7 Million

Litton Industries Inc. was awarded a $477.7-million contract to build an amphibious warfare vessel for the U.S. Navy. The company’s Litton Avondale Industries unit is the lead contractor of a group, including General Dynamics Corp., expected to build 12 of the ships. The vessel will be built primarily at Litton’s Avondale shipyard in New Orleans. The San Antonio-class of transport dock ships are designed to carry 720 Marines, air-cushioned landing craft, transport and attack helicopters and the V-22 Osprey tilt-rotor aircraft. Shares of Woodland Hills-based Litton rose $1.75 to close at $42.56 on the NYSE.