STEVE CRANDALL JOINS NEWPORT NEWS SHIPBUILDING AS DIRECTOR OF MATERIAL LOGISTICS

June 27, 1997, NEWPORT NEWS, Va. -- Steve Crandall has been appointed director of Material Logistics at Newport News Shipbuilding (NYSE: NNS). In this newly created position, Crandall is responsible for all physical distribution processes including shipping and receiving, warehousing, inventory management, material delivery and disposal of surplus material.

A retired United States Navy captain, he has held a number of major logistics commands in his career, most recently as deputy director for Logistics for the U.S. Atlantic Fleet. Crandall was also assigned as the commander of the Navy's logistics forces in the Middle East, supporting Navy logistics and ship repair operations in the region.

"Steve brings to the position - and to the company -- a strong track record of leadership and logistics experience," said Len Cooper, NNS vice president, Materials.

A native of Missouri, Crandall holds a bachelor's degree from Central Methodist College, and a master's degree from the Pennsylvania State University.

Newport News Shipbuilding is America's largest ship design and construction company. It has produced approximately 800 ships during its 111 years of operations - including Navy aircraft carriers, submarines, and cruisers. The company is currently building the nuclear-powered aircraft carriers Harry S. Truman (CVN 75) and Ronald Reagan (CVN 76) and has begun work in preparation for construction of the Navy's New Attack Submarine. It is also building nine Double Eagle product tankers. Its 1996 revenues totaled $1.87 billion, with earnings before interest and taxes of $140 million. The current backlog is approximately $3.3 billion. The workforce numbers 18,000, making it Virginia's largest private employer.