Litton Industries, one of the nation's largest shipbuilders, has seldom made waves.

The company was spun off from Litton Industries late in 1993.

Shares of Litton Industries, for example, jumped $1.25 each, to $71.125.

Litton Industries' fourth-quarter earnings fell 2 percent despite higher sales, the company said today.

But he spent the larger part of his career with Litton Industries.

In 1958, the company was acquired by Litton Industries.

Litton Industries will continue as an aerospace and weapons company with revenues of $3.5 billion.

Built by the data systems division of Litton Industries, it is valued at $150 million.

In the early 1990s, Litton Industries split into separate military and commercial companies.

The company is the nation's second-largest maker of machine tools, after Litton Industries.