NEWPORT NEWS SHIPBUILDING APPOINTS SCOTT STABLER AS DIRECTOR OF BUSINESS DEVELOPMENT

NEWPORT NEWS, Va., January 12, 1997 – Newport News Shipbuilding (NYSE: NNS) today announced the appointment of Scott Stabler to the newly created position of Director, Business Development.

Stabler will lead the new Business Development organization at Newport News Shipbuilding. He and his staff are principally responsible for assessing new business opportunities as well determining methods to take full advantage of the company’s current strengths and core business capabilities.

"An effective and focused Business Development function is essential to the continued success of Newport News Shipbuilding," said NNS Senior Vice President and Chief Financial Officer David J. Anderson. "Scott brings a variety of experiences to this new role, and will serve as a great asset in helping achieve the company’s strategic objectives."

Stabler began his career at Newport News Shipbuilding in 1984 in Aircraft Carrier Engineering. He has held positions as Manager, Purchasing; Executive Assistant to the President and CEO; and Director of Purchasing. He has also served as Director, Integrated Logistic Support. Stabler was also the NNS Program Manager for both the NNS/ Ingalls/Lockheed Martin team for the Navy’s amphibious ship LPD 17 Program and later for the Navy’s NNS/Lockheed Martin team for the Arsenal Ship.

He graduated with a Bachelor of Science Degree in Mechanical Engineering from North Carolina State University and received his MBA from the College of William and Mary in Williamsburg, Virginia.

Newport News Shipbuilding is America’s premier shipbuilding company with annual revenues of approximately $1.8 billion and 18,000 employees. The company is the leader in the design and construction of nuclear-powered aircraft carriers and submarines for the U. S. Navy and produces a variety of ships for domestic and international customers.