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

• INGALLS TO MODERNIZE VENEZUELAN FRIGATES

• AVONDALE ANNOUNCES EXERCISE OF A CONTRACT OPTION FOR ADDITIONAL STRATEGIC SEALIFT SHIP

• AVONDALE REPORTS THIRD QUARTER EARNINGS NET INCOME INCREASES 23% FROM THIRD QUARTER 1996

• SECOND NAVY STRATEGIC SEALIFT SHIP CHRISTENED FISHER AT AVONDALE INDUSTRIES, INC., OCTOBER 18, 1997

• AVONDALE & INGALLS EXECUTE AGREEMENT TO PURSUE SHIPBUILDING PROJECTS

• AVONDALE REPORTS SECOND QUARTER EARNINGS

• AVONDALE ANNOUNCES $332 MILLION CONTRACT FOR TWO COMMERCIAL CRUDE CARRIERS WITH ARCO MARINE, INC. WITH OPTIONS FOR THREE ADDITIONAL SHIPS

• AVONDALE ANNOUNCES AWARD OF NEW OPTION FOR ADDITIONAL STRATEGIC SEALIFT SHIP

• AVONDALE WITHDRAWS REGISTRATION STATEMENT FOR OFFERING OF 3.0 MILLION SHARES OF COMMON STOCK

• AVONDALE REPORTS 30% INCREASE IN FIRST QUARTER EARNINGS PER SHARE

• AVONDALE'S AWARD OF LPD-17 NAVY CONTRACT REAFFIRMED BY GENERAL ACCOUNTING OFFICE

• FIRST NAVY STRATEGIC SEALIFT SHIP CHRISTENED USNS BOB HOPE AT AVONDALE INDUSTRIES, INC., MARCH 15, 1997

• AVONDALE FILES REGISTRATION STATEMENT COVERING 3.0 MILLION SHARES OF COMMON STOCK

• AVONDALE REPORTS RECORD 1996 INCOME