VEASEY WILSON JOINS NEWPORT NEWS SHIPBUILDING AS DIRECTOR OF SOURCING

NEWPORT NEWS, Va.,-- October 29, 1997 – Veasey W. Wilson has been appointed director of Sourcing for Commercial Programs, Facilities and Services at Newport News Shipbuilding (NYSE: NNS), America’s largest ship design and construction company. In this position, he is responsible for acquisition of materials and services in support of all commercial shipbuilding and repair activities and also for all capital equipment, maintenance and business service purchases.

Mr. Wilson was formerly employed by Allied Signal as the director of Materials for their Commercial Avionics Systems Business Unit headquartered in Olathe, Kansas. Prior to joining Allied Signal, he held a series of increasingly responsible positions at Digital Equipment and Westinghouse Corporation.

Wilson holds a bachelor’s degree from Virginia State University in Petersburg and a master’s degree in business management from Central Michigan University.

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.