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Sperry Marine to Supply Fin Stabilizers for Ferries

Maritime Activity Reports, Inc.

January 29, 2003

Northrop Grumman Corporation's Sperry Marine business unit has been awarded a contract to supply fin stabilizers for two new vehicle/passenger ferries being built in Spain. Contract terms were not disclosed.

The order was placed by IZAR Construcciones Navales, S.A., which is building the two new ships for Algerian ferry operator Enterprise Nationale de Transport Maritime de Voyagers at its Sevilla shipyard. Sperry Marine will provide 9.1 square meter Gyrofin roll stabilizers with a digital control system for each of the 20,214 gross ton ships. The equipment will be delivered in the second quarter of 2003. Sperry Marine's Gyrofin design with automatic lift control technology provides adaptive roll stabilization under dynamic conditions, reducing ship roll by up to 90 percent.

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