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NASSCO Announces Management Promotions

Maritime Activity Reports, Inc.

April 11, 2003

Janice Grace has been appointed to the new position of Vice President, Pre-Production Operations at National Steel and Shipbuilding Company (NASSCO). Grace will assume responsibility for engineering in addition to her current responsibilities in materials, master planning/facilities, and information systems. Stephen Streifer, the vice president of engineering, has announced his retirement. Stephen Stroebel has also been promoted to the Director of Materials, and will report to Grace.

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