Page 23: of Maritime Reporter Magazine (February 2002)

Rear Adm. Yount To Head

Avondale Facility

Northrop Grumman Corporation has named Rear Adm. George R. Yount,

USN (Ret.), as vice president of the company's Ship Systems sector, with responsibility for operations at the

Avondale facility.

Rear Adm. Yount, who joined Ship

Systems' senior management team in mid-January, will have responsibility for 5,000 craft and ship management per- sonnel involved in ship construction as well as production planning, scheduling and facility engineering. He will also serve on the Ship Systems Policy Coun- cil, which influences all future Northrop

Grumman Ship Systems business deci- sions.

Rear Adm. Yount served 33 years in the United States Navy, retiring in Sep- tember 2001, following an assignment as deputy commander for Integrated

Warfare Systems, Naval Sea Systems

Command.

He earned a Master of Science degree in mechanical engineering from the

Naval Postgraduate School, and is an engineering duty officer and is qualified as a surface warfare officer, as an engi- neering duty officer qualified in sub- marines, and as an acquisition profes- sional. Commissioned into the Navy when he graduated from The University of Wisconsin, Stout, in 1968, Rear Adm.

Yount has held sea assignments aboard

USS Towers, USS Bauer, USS Ulysses

S. Grant and USS Dixon.

His shore assignments include direc- tor, Supportability, Maintenance and

Modernization, on the staff of the Chief of Naval Operations; commander, Naval

Ordnance Center; and commander,

Puget Sound Naval Shipyard. Addition- ally, Rear Adm. Yount has served at the

Mare Island Naval Shipyard;

Portsmouth Naval Shipyard; Norfolk

Naval Shipyard; Supervisor of Ship- building, Newport News, Va.; and the

Engineer and Repair Department, Naval

Submarine Base, New London, Conn.

Northrop Grumman Finalizes

Merger With Newport

News Shipbuilding

Northrop Grumman Corporation announced that it has completed the acquisition of the shares of Newport

News Shipbuilding Inc. common stock not previously purchased in its tender offer that expired on Nov. 29, 2001.

As a result of the statutory merger completed last month, Northrop Grum- man now owns 100 percent of Newport

News.

Newport News shareholders who sur- rendered their shares in the merger will receive either 0.7193 shares of Northrop

Grumman common stock or $67.50 in cash, subject to proration procedures and other limitations described in docu- ments previously provided to Newport

News shareholders.

Northrop Grumman is expected to announce sometime later this month, the proration calculations in connection with the completion of the merger. jf.

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February, 2002