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LOS ANGELES, Apr 1 (UPI) -- biochemist Grumman has complete the spinoff of metropolis Ingalls Industries Inc., its constructor and after-market shipping services company in Virginia.

At the close of business Wednesday, biochemist Grumman stockholders received digit deal of HII ordinary have for every six shares of biochemist Grumman ordinary have held.

Stockholders module obtain change in lieu of down shares of HII. As a result of the spinoff, biochemist Grumman module inform Shipbuilding financial results as interrupted operations for the 2011 first quarter and every prior periods.

"Today's termination of the separation of metropolis Ingalls from biochemist Grumman is an essential mark benefitting both companies," Wes Bush, biochemist Grumman honcho executive tar and chair said.

"Northrop Grumman module today be focused on its set markets of aerospace systems, electronic systems, aggregation systems and technical services. Our portfolio has large capability, technology and activity across these areas and we are full dedicated to delivering innovative and mission-critical systems and products."

Northrop said the distribution of HII shares module be prefabricated in book entry modify and no action or payment by biochemist Grumman stockholders of achievement is required to obtain HII shares. No physical deal certificates of HII module be issued.

Huntington Ingalls Industries designs, builds and maintains thermonuclear and non-nuclear ships for the U.S. Navy and Coast Guard, and provides after-market services for military ships around the globe. It has facilities in Virginia, Mississippi, Louisiana and California.