Overview June 10, 2014 General Dynamics Headquartered in Falls Church, Virginia Employs approximately 90,000 people worldwide Market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available at www.generaldynamics.com. PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 2 General Dynamics Marine Systems NASSCO-Bremerton BIW EB NASSCO-Norfolk NASSCO-San Diego NASSCO-Mayport Designer, Integrator, Builder and Repairer of Submarines, Aircraft Carriers, Complex Combatants, Naval Auxiliaries, and Commercial Jones Act Ships PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 3 NASSCO-Norfolk 50 Years Serving the U.S. Navy in Ship Repair Formerly Metro Machine Corp; Acquired by General Dynamics in 2011 Hull Steel Shop Repair & alteration of main hull structures Hull Outfitting Shop Pier 3 775 ft Dry Dock 750 ft; 40kLT Pier 2 1,150 ft Pier 1 915 ft 150k sqft Shop & Storage Repair & alteration of hull outfit, dock blocking, crating services Inside / Outside Machine Shop Machine,Piervalve, pump and winch overhaul & repair 1 915 ft Outside Machine Shop Hydraulic, major mechanical, rudders, propulsion, turbine & CPP repairs Boiler Shop Boiler repair alterations, condenser & cooler repairs Electrical Shop Located on the Elizabeth River, with 33 acres and 900 feet of waterfront access, NASSCO-Norfolk has the ability and the experience to prefabricate and repair major structural assemblies. Steel and aluminum components up to 350 tons in weight can be processed by our experienced teams of employees utilizing our advanced facilities. From its production flow layout of shops and computerized material management processes, to its massive remote controlled tower cranes, NASSCO-Norfolk covers all needs of ship owners and operators. Electrical repair & alterations, testing & calibrations Maintenance Shop Facilities repair & alterations, shop testing Paint Shop Painting of ships structure, equipment storage & coating / material mixing Riggers Shop Material & equipment handling, crane operation, ship handling Comprehensive staff of Engineers, Planners, Project Managers & Technicians PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 4 NASSCO-Earl Industries 28 Years Serving the U.S. Navy in Ship Repair and Preservation Formerly Earl Industries; Acquired by General Dynamics in 2012 Structural / Pipe Fitting Services Sheet metal & pipe fabrication and installation Fluid systems overhaul & hydrostatic testing Mechanical Services 50k sqft Shop & Storage Pier 1 799 x 55ft. Berth 1B Pier 2 799 x 48 ft. Berth 1A Electrical Services Berth 2A Berth 2B NASSCO-Earl Industries’ 60 acre, modern, fully-equipped shipyard on the Elizabeth River in Portsmouth, Virginia is one of the most capable facilities for systematically servicing large ship repair contracts. Augmenting NASSCO-Earl Industries’ pier facilities are nearly 50,000 sq. ft. of modern, covered, environmentally-controlled shops and storage areas. NASSCO-Earl Industries is an expert and fully certified at all types of complex, restricted, and technical availabilities on US Navy ships and craft of all classes. Diesel engine overhaul and maintenance Pump / valve overhaul Re-tubing of condensers and heat exchangers Bearing surface refurbishment Full rigging and lagging services Design / modification / trouble shooting / repair & overhaul of electrical systems & equipment Cleaning and refurbishment of electrical equipment Installation & repair of joint mission command and communications systems Coatings Complete metal preservation services Environmentally-compliant containment systems Ultra-high pressure water blasting Abrasive blasting Application of all types of paint & coatings Blast and paint booth Comprehensive staff of Engineers, Planners, Project Managers & Technicians PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 5 Consolidated Management Team PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 6 Workload/Workforce Snapshot Current prime MSMO contracts East Coast CVN (2010-2015) Pacific Northwest CVN (2014-2019) LSD modernization (2009-2014) LSD/LPD (2009-2014) FFG (2010-2015) LPD-17 SSMO (2014-2016) Principal subcontractor to BAE for large deck amphibs, cruisers, and destroyer major ship modernization Workforce summary Approximately 900 employees PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 7 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 8 Why Are We Here? Current prime MSMO contracts East Coast CVN (2010-2015) Pacific Northwest CVN (2014-2019) LSD modernization (2009-2014) LSD/LPD (2009-2014) FFG (2010-2015) LPD-17 SSMO (2014-2016) Principal subcontractor to BAE for large deck amphibs, cruisers, and destroyer major ship modernization Workforce summary Approximately 900 employees PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 9 Positions Available Asst. Project Mgr. Buyer Contracts Manager Contracts Negotiator Engineering Mgr. Estimator General Foreman GFM Manager Planning & Est. Mgr. Planner Production Manager Program Manager Project Manager Purchasing Manager QA Manager QAI/QCI QAS Safety Inspector PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 10 Positions Available Safety Manager Scheduler Shop Foreman Sr. Project Manager Sub-C Manager Test Coordinator WAF Coordinator WIM/Scheduler PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 11 Benefits Health Savings Account Flexible Spending Account Paid Time Off 7 Paid Holidays Short and Long Term Disability PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 12 Benefits (continued) Employee Assistance Program Educational Assistance Direct Deposit Life Insurance PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 13 Questions? PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION 14