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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. Preventing pollution of our oceans and the atmosphere should be the voluntary goal of every responsible shipowner, ABS offers a comprehensive range of environmental management programs that will help you operate in an environmentally sensitive manner. And we provide a series of environmental notations by which you can demonstrate that commitment to charterers, governments and the public. Let ABS be your partner in protecting our natural environment for the generations to come. -apr www.eagle.org 1/02 TX 2013 Circle 245 on Reader Service Card or visit www.maritimereporterinfo.com February, 2002
