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

• AVONDALE ANNOUNCES NAVY CONTRACTS FOR TWO SHIPS VALUED AT $454.7 MILLION

• LITTON INGALLS WINS MODERNIZATION CONTRACT FOR USS JOHN L. HALL

• U.S. NAVY AWARDS INGALLS $620 MILLION SHIPBUILDING CONTRACT

• AVONDALE REPORTS 23% GAIN IN THIRD-QUARTER EARNINGS PER SHARE

• AMCV, LITTON INGALLS SHIPBUILDING IN NEGOTIONATIONS FOR CONSTRUCTION OF CRUISE SHIPS

• ARCO MARINE EXERCISES $164 MILLION OPTION FOR THIRD TANKER

• LITTON INGALLS AWARDED $86.7 MILLION FOR ONGOING FLEET SUPPORT EFFORTS

• AVONDALE ALLIANCE AWARDED $7.0 MILLION U.S. COAST GUARD DESIGN CONTRACT

• LITTON INGALLS, TEAMMATES BEGIN WORK IN U.S.C.G. DEEPWATER PROGRAM

• AVONDALE RESPONDS TO UNION CLAIMS REGARDING SHAREHOLDER PROPOSALS

• DD 21 ALLIANCE AWARDED $68.5 MILLION FOR PHASE ONE DESIGN WORK

• U.S. MILITARY LEADERSHIP HAILED AT COMMISSIONING OF USS BONHOMME RICHARD (LHD 6)

• USS BONHOMME RICHARD (LHD 6) READY FOR AUGUST 15 COMMISSIONING

• AVONDALE REPORTS 23% INCREASE IN SECOND QUARTER EARNINGS PER SHARE

• AVONDALE ANNOUNCES AWARD OF A CONTRACT MODIFICATION FOR LONG-LEAD TIME MATERIAL

• UNIVERSITY OF NEW ORLEANS AND AVONDALE DEDICATE

• LITTON INGALLS TO OUTFIT DRILLSHIP FOR TRANSOCEAN OFFSHORE

• AVONDALE ANNOUNCES NEW STEEL FABRICATION FACILITY IN MADISON PARISH

• LITTON INGALLS DELIVERS COAST GUARD INTEGRATED DEEPWATER PROGRAM PROPOSAL

• AVONDALE ANNOUNCES TENDER OFFER TO PURCHASE UP TO 1.25 MILLION SHARES OF ITS COMMON STOCK

• LITTON INGALLS TO REPAIR SECOND DOLPHIN JACKUP RIG

• USS MCFAUL CALLED "A MAGNIFICENT, WORLD-CLASS TOOL" IN NAVY'S ARSENAL

• AVONDALE REPORTS 19% INCREASE IN FIRST QUARTER EARNINGS PER SHARE

• LITTON INGALLS SIGNS MAJOR OFFSHORE CONTRACT WITH SEAREX

• ST PÉ PRESENTED NIMITZ AWARD BY NAVY LEAGUE OF U.S

• LITTON INGALLS RECEIVES RFP FOR U.S. COAST GUARD DEEPWATER PROJECT

• U.S NAVY AWARD TO LITTON INGALLS TOTALS $2.8 BILLION

• LITTON INGALLS TO MARKET STATE-OF-THE-ART JACK UP DESIGN

• AVONDALE REPORTS RECORD 1997 INCOME BEFORE INCOME TAXES