NOTE:  Effective September 1, 2001, all news releases related to Northrop Grumman
Ship Systems are posted on the Northrop Grumman website.

• AVONDALE REACHES SETTLEMENT WITH THE U.S. NAVY ON ITS REQUEST FOR EQUITABLE ADJUSTMENT FOR THE COASTAL MINEHUNTER PROGRAM

• AVONDALE ANNOUNCES AWARD OF A CONTRACT FOR ADDITIONAL STRATEGIC SEALIFT SHIP

• AVONDALE ESOP PLANS OFFERING OF 3,000,000 SHARES OF COMMON STOCK

• AVONDALE AND MARITRANS OCEAN TRANSPORT INC. SIGN SHIPYARD CONTRACT

• AVONDALE REPORTS THIRD QUARTER INCOME

• AVONDALE ANNOUNCES KEEL LAYING FOR FIRST DOUBLE- HULL PRODUCT/CHEMICAL CARRIER FOR AMERICAN HEAVY LIFT SHIPPING COMPANY

• AVONDALE TEAMS WITH BATH AND HUGHES FOR LPD-17 PROGRAM

• AVONDALE ANNOUNCES CONTRACT WITH PRIMORSK SHIPPING GROUP

• AVONDALE REPORTS SIGNIFICANT SECOND QUARTER GAINS

• AVONDALE DELIVERS BALLY'S "BELLE OF ORLEANS"

• AVONDALE ANNOUNCES CONTRACT FOR RIVER HOPPER BARGES

• AVONDALE INDUSTRIES, INC., CHRISTENS AND LAUNCHES BALLY'S "BELLE OF NEW ORLEANS"

• AVONDALE INDUSTRIES, INC., AND AMERICAN HEAVY LIFTSHIPPING COMPANY REACH AGREEMENT

• PEARL HARBOR SURVIVORS TAKE PART IN KEEL-LAYING CEREMONY FOR AVONDALE SHIP PEARL HARBOR (LSD-52)

• AVONDALE INDUSTRIES, INC., CHRISTENS T-AO 204,RAPPAHANNOCK, FOR THE U.S. NAVY