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FOR IMMEDIATE RELEASE

CONTACT:: Jerri Fuller Dickseski
(212) 380-2341

NEWPORT NEWS SHIPBUILDING AWARDED CONTRACT TO BUILD SUBMARINE TEST VEHICLE

 

NEWPORT NEWS, Va., February 15, 1999 – Newport News Shipbuilding (NYSE: NNS) announced today that it has been awarded an $47 million contract by the U.S. Navy for the detailed design and construction of the submarine test vehicle Cutthroat (LSV-2).

Cutthroat is a quarter-scale submarine test vehicle, 111 ft. long and 10 ft. in diameter, that will be used as a demonstrator platform for advanced technologies planned for the U. S. Navy’s Virginia-class attack submarines. The LSV-2 will allow the Navy to develop and evaluate new technologies for major improvements in the performance of the Virginia-class submarine.

Cutthroat is being designed and fabricated by an industry team led by Newport News Shipbuilding and including General Dynamics’ Electric Boat Co in Groton, Conn.

Named after the Cutthroat Trout, a fish native to Idaho, LSV-2 will be built and designed at Newport News Shipbuilding in Newport News, Va., and at Electric Boat. Final assembly will take place at the Acoustic Research Detachment in Bayview, Idaho. Delivery is scheduled in 2001. The test vehicle

will be placed in service at Lake Pend Oreille near Bayview following initial testing and certification.

Newport News Shipbuilding designs and constructs nuclear-powered aircraft carriers and submarines for the U.S. Navy and provides life-cycle maintenance services for ships in the Navy fleet. The company employs 18,000 people and has annual revenues of approximately $1.9 billion.