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NASSCO Lands $68 Million Continuous Maintenance

Maritime Activity Reports, Inc.

November 9, 2000

NASSCO has received a contract from the U.S. Navy for continuous maintenance of the DD-963 and CG-47 ships homeported in San Diego. The contract, which includes the initial year and four one-year options, is valued at approximately $68 million.

Advanced planning activities for the four DD-963 and six CG-47 ships will commence immediately to support repair and maintenance availabilities beginning in January 2001.

The DD-963 destroyers were developed for anti-submarine warfare, which includes operating as an integral part of the battle group. These ships are designed to hunt down and destroy high-speed submarines, and can also be used to engage ships, aircraft and for land attack.

The six CG-47 guided missile cruisers can perform sustained combat operations in any combination of anti-air, anti-submarine and strike warfare environments.

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