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Peters Named New President of ASA

Maritime Activity Reports, Inc.

January 16, 2007

The American Shipbuilding Association (ASA) announces that Mr. Mike Petters, President of Northrop Grumman Newport News, Newport News, VA, has been elected Chairman of the Board of ASA for calendar years 2007 and 2008. Mr. John F. “Dugan” Shipway, President of General Dynamics Bath Iron Works, Bath, ME, has been elected as the Association’s Vice Chairman. Mike Petters graduated from the U.S. Naval Academy in 1982 with a bachelor's degree in physics, and he completed the MBA program at the College of William and Mary in 1993. In 1987, Mr. Petters joined Newport News Shipbuilding in the Los Angeles-class submarine construction division. He has held a number of increasingly responsible positions throughout the organization including Production Supervisor for Submarines; Marketing Manager for Submarines and Carriers; Vice President for Aircraft Carrier Programs; and Vice President for Contracts and Pricing. In 2001, Mr. Petters served as Vice President of Human Resources, Administration and Trades, and in 2004 was named President of Newport News Shipbuilding.

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