FOR IMMEDIATE RELEASE

CONTACT:

NEWPORT NEWS, Va., August 4, 1999 – Newport News Shipbuilding (NYSE:NNS) announced today that it has won a contract from the U.S. Navy valued at approximately $24.4 million for the planning and regular overhaul of USS Gettysburg (CV 64), a Ticonderoga-class guided missile cruiser outfitted with Aegis combat systems.

Key work performed in the overhaul will include conversion of the hot water, galley, laundry and hotel services from steam to all-electric; upgrades of the Aegis Weapon System computer and console; blasting and painting of the interior and exterior of the ship and its tanks and bilges; installation of a solid waste pulper and metal/glass shredder; and modifications of berthing spaces to allow for assignments of women to the crew.

The 9,500-ton cruiser is 567 ft. in length, 55 ft. wide and has a draft of 31 ft. The ship, operated with a crew of approximately 350, was built by Bath Iron Works in Bath, ME and commissioned in 1991. The current homeport is Mayport, Fla.

Gettysburg will arrive in Newport News in mid-October of this year and is scheduled to return to the fleet in the summer of 2000.

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.