General Dynamics Extends Tender Offer for all Outstanding Shares of Newport News

Monday, October 22, 2001
General Dynamics (NYSE: GD) today extended its pending tender offer for all outstanding shares of common stock (including associated rights) of Newport News Shipbuilding Inc. (NYSE: NNS) to midnight EDT on October 26, 2001. The offer was previously scheduled to expire at midnight EDT on October 19, 2001.

The depositary for the General Dynamics tender offer reported that, as of 5 p.m. EDT on October 19, 2001, approximately 12,713,103 shares (including guaranteed delivery) of Newport News had been tendered.

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