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NEWPORT NEWS SHIPBUILDING AWARDED CONTRACT FOR MAINTENANCE WORK ON USS ENTERPRISE (CVN 65)

NEWPORT NEWS, Va., July 7, 1999 – Newport News Shipbuilding (NYSE: NNS) announced today that it has been awarded a U.S. Navy contract modification valued at $88.5 million for maintenance work on the aircraft carrier USS Enterprise (CVN 65). This work follows more than a year of advance planning efforts conducted under a contract awarded in February 1998.

US Navy Photo

USS Enterprise, CVN 65

The Newport News-built ship is expected to arrive at the company in August for several months of maintenance referred to as an Extended Selected Restricted Availability (ESRA).

Work during the ESRA will include enhancements to crew living and dining areas; redecking of two elevators; repairs and inspections on a variety of ship systems; and maintenance on reactor plants to ensure continued safe operation of the ship.

Enterprise was launched at Newport News Shipbuilding in 1960 and was the first nuclear-powered aircraft carrier to join the U.S. Navy’s fleet. The company re-delivered Enterprise to the Navy in 1994 after a major four-year overhaul and refueling.

Newport News Shipbuilding designs and constructs nuclear-powered aircraft carriers and submarines for the U.S. Navy and provides life-cycle services for ships in the Navy fleet. The company employs 18,000 people and has annual revenues of approximately $1.8 billion. Visit NNS on the Web at www.nns.com.