NEWPORT NEWS SHIPBUILDING APPOINTS ESHELMAN, WEAVER AND WINGFIELD TO VICE PRESIDENT

NEWPORT NEWS, Va., August 3, 1998 – Newport News Shipbuilding (NYSE: NNS), America’s largest ship design and construction company, announced today the appointments of Roger Eshelman, Bill Weaver and Chuck Wingfield to vice president and corporate officer. The company named Eshelman Vice President of Nuclear Engineering, Weaver as Vice President of Planning and Facilities and Wingfield as Vice President and Controller.

"The promotions of Roger, Bill and Chuck will enable stronger functional support for their respective programs and will help us in our goal to ensure continuous improvement in our organization," said NNS Chairman and CEO Bill Fricks.

Roger Eshelman, age 59, will be responsible for all the functions of Nuclear Engineering at NNS to include developing the next-generation nuclear plant for the future carrier, CVX. He began his career with the company in 1961 as a designer of engine rooms for nuclear-powered surface ships and submarines. Assignments during his tenure at Newport News have included Project Manager of Advanced Technology Applications; Director, Naval Engineering; and Chief Engineer, Naval Engineering. Eshelman has a B. S. in Mechanical Engineering from the University of Pittsburgh and a M.S. in Thermal Engineering from Old Dominion University in Norfolk, Va. In 1994 Eshelman was named "Virginia Peninsula Engineer of the Year" by the Peninsula Engineers Council.

As Vice President of Planning and Facilities, Bill Weaver, age 52, will be responsible for the direction of the overall central planning functions of the company to include Production Engineering, Production Resource Planning and Capacity Planning. He will also direct the Facilities function. Weaver started with the company in 1967 in the Machinery Design department. He has previously served as Manager of the Trades Program; Manager of Organization Planning and Development; Director of Human Resources; and Director of Production and Resource Planning. Weaver is a graduate of Mars Hill College in Mars Hill, N.C. with a B.S. in Economics.

Chuck Wingfield, age 45, joined Newport News Shipbuilding in 1980 as a Resource Analyst in Corporate Strategy. In his new position of Vice President and Controller, he will be responsible for operations finance, financial reporting, general accounting, tax and government liaison activities. He has held various positions in the financial areas of the company, including Controller; Treasurer; Director of Financial Planning; and Director of Operations Finance. Wingfield received his B.S. degree in Commerce from the University of Virginia and a M.B.A. from the College of William and Mary in Williamsburg, Va.

Both Eshelman and Weaver report to Tom Schievelbein, NNS Executive Vice President for Operations. Wingfield reports to Dave Anderson, NNS Senior Vice President and Chief Financial Officer.

Newport News Shipbuilding is America’s premier shipbuilding company with annual revenues of approximately $1.7 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.