Albert L. Bossier, Jr. Announces Retirement.

NEW ORLEANS--(BUSINESS WIRE)--Sept. 28, 1999--

Litton Ship Systems said today that Mr. Albert L. Bossier, Jr. announced his plans to retire effective November 1, 1999, as President of Avondale Industries, Inc. (Nasdaq:AVDL) Mr. Bossier began his distinguished career with Avondale as an electrical engineer more than 42 years ago after graduating from Louisiana State University in Baton Rouge. He was named President of Avondale in 1978 when it was a subsidiary of Ogden Corporation and guided the company successfully through a spin-off in 1985, and its recent merger into Litton Industries, Inc. effective August 2 of this year.

In a letter to all Avondale employees announcing his retirement, Mr. Bossier, 66, expressed "...an enormous sense of appreciation to all employees of Avondale, past and present, who through their dedication and hard work have contributed to the success of our company. I retire with a sense of satisfaction knowing that Avondale, now part of Litton Industries, is positioned for future growth and continued success," he said. Jerry St. Pe, Chief Operating Officer of Litton Ship Systems which includes Avondale, said, "Al Bossier has been a pioneer in American shipbuilding and in recent years has assumed a lead role in returning commercial shipbuilding in the United States. Al has assembled a highly skilled workforce at Avondale with a strong management team that will continue to achieve growth and success in our industry. Everyone at Litton wishes the best for Al and his family," St. Pe said.

St. Pe said a successor to Mr. Bossier will be named soon.

Litton Industries, headquartered in Woodland Hills, California, is a leader in worldwide technology markets for advanced electronic, defense and information systems, and designs, builds and overhauls ships for military and commercial customers. Litton Ship Systems includes Avondale and Ingalls Shipbuilding in Pascagoula, Mississippi.