FOR IMMEDIATE RELEASE

CONTACT:
Investor Relations -- Joe Fernandes (757) 688-6400
Media -- Mike Hatfield (757) 380-2932

NEWPORT NEWS SHIPBUILDING ANNOUNCES APPOINTMENT OF NEW BOARD MEMBER

NEWPORT NEWS, Va., August 11, 1999 – Newport News Shipbuilding (NYSE: NNS) announced today that Charles A. Bowsher has become a member of its Board of Directors. Mr. Bowsher served as the Comptroller General of the United States from 1981 until October 1996. Prior to this appointment, Mr. Bowsher was a partner with the accounting and auditing firm of Arthur Andersen LLP. Mr. Bowsher has also served as Assistant Secretary of the Navy for Financial Management.

“I am pleased to welcome Chuck to the Newport News board,” said Chairman and CEO William P. Fricks. “The insight and perspective provided by his strong financial background and outstanding record of Government service will be a valuable addition to the board in terms of both corporate governance and strategic direction.”

Newport News Shipbuilding designs and constructs nuclear powered aircraft carriers and submarines for the U.S. Navy and provides lifecycle services for ships in the Navy fleet. The company employs more than 18,000 people, and has revenues of approximately $1.8 billion.