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THE CREDIT CRUNCH AND SHIPBUILDING
World shipyards have a record order backlog. What effect will the global credit crunch have?

No effect
A slow down in new orders
Cancellation of some existing orders
Cancellation of many exisiting orders

Marine Log

April 2, 2008

Northrop Grumman names three more shipbuilding VP's

Northrop Grumman Corporation (NYSE:NOC) has appointed three vice presidents to key positions in its newly formed Shipbuilding sector, made up of the former Northrop Grumman Ship Systems and Newport News Shipbuilding.

John J. Mazach has been appointed sector vice president of business development, Eric Womble has been named sector vice president of advanced capabilities group, and Daniel L. Arczynski will serve as sector vice president of strategic planning and development.

Mazach leads all Shipbuilding marketing, customer and government relations initiatives. He joined Newport News sector in 2002, prior to which he was director of business development of the Navy and Marine Corps programs at Northrop Grumman's Integrated Systems sector. He served 32 years in the Navy as an aviator, retiring with the rank of Vice Admiral as Commander, Naval Air Force, U.S. Atlantic Fleet. Prior to that he was director for Strategy and Policy for the Office of the Chief of Naval Operations. He has a bachelor's degree from Vanderbilt University.

Womble leads the sector's advanced capabilities group and will be responsible for technology development, research and development, advanced programs, advanced concepts and market/competitive analysis. Womble's most recent position was sector vice president of advanced capabilities group for former Ship Systems sector. He joined Northrop Grumman in 2002 with more than 23 years of experience serving in the executive and legislative branches of the U.S. government. He was the military legislative assistant for former Sen. Trent Lott and also served as his national security advisor. A U.S. Naval Academy graduate, he was designated a naval flight officer in 1980. He also earned a master's degree in business administration from Marymount College of Virginia.

As sector vice president of strategic planning and development, Arczynski oversees the Shipbuilding sector's strategic planning organization and focus on business growth. Arczynski's most recent position was sector vice president of strategic planning and development for the former Newport News sector. He began his career at Newport News in 1995 as director of corporate strategy. Prior to joining Newport News, he was vice president of strategy and vice president of mergers and acquisitions for Shawmut National Corporation in Connecticut. Arczynski earned a bachelor's degree from the United States Military Academy at West Point and earned a master's degree in business administration from Harvard University where he graduated as a Baker Scholar.

"I am very pleased to have such a talented group of people on my leadership team," said Mike Petters, corporate vice president and president of Northrop Grumman Shipbuilding. "They are true professionals who demonstrate a commitment to success and a high level of dedication to the future of the nation's shipbuilding industry."

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