1. Overview June 10, 2014

2. 2 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION General Dynamics l Headquartered in Falls Church, Virginia l Employs approximately 90,000 people worldwide l 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. www.generaldynamics.com

3. 3 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION General Dynamics Marine Systems Designer, Integrator, Builder and Repairer of Submarines, Aircraft Carriers, Complex Combatants, Naval Auxiliaries, and Commercial Jones Act Ships NASSCO-San Diego BIW EB NASSCO-Norfolk NASSCO-Mayport NASSCO-Bremerton

4. 4 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION NASSCO-Norfolk 50 Years Serving the U.S. Navy in Ship Repair Formerly Metro Machine Corp; Acquired by General Dynamics in 2011 Pier 1 915 ft Pier 3 775 ft Dry Dock 750 ft; 40kLT Hull Steel Shop  Repair & alteration of main hull structures Hull Outfitting Shop  Repair & alteration of hull outfit, dock blocking, crating services Inside / Outside Machine Shop  Machine, valve, pump and winch overhaul & repair Outside Machine Shop  Hydraulic, major mechanical, rudders, propulsion, turbine & CPP repairs Boiler Shop  Boiler repair alterations, condenser & cooler repairs Electrical Shop  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 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. Pier 1 915 ft Pier 2 1,150 ft 150k sqft Shop & Storage

5. 5 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION NASSCO-Earl Industries 28 Years Serving the U.S. Navy in Ship Repair and Preservation Formerly Earl Industries; Acquired by General Dynamics in 2012 Pier 2 799 x 48 ft. Berth 2B Berth 2A Berth 1B Pier 1 799 x 55ft. Berth 1A 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. Structural / Pipe Fitting Services  Sheet metal & pipe fabrication and installation  Fluid systems overhaul & hydrostatic testing Mechanical Services  Diesel engine overhaul and maintenance  Pump / valve overhaul  Re-tubing of condensers and heat exchangers  Bearing surface refurbishment  Full rigging and lagging services Electrical 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 50k sqft Shop & Storage

6. 6 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION Consolidated Management Team

7. 7 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION  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 Workload/Workforce Snapshot

8. 8 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION Vacating July

9. 9 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION  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 Why Are We Here?

10. 10 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION Positions Available l Asst. Project Mgr. l Buyer l Contracts Manager l Contracts Negotiator l Engineering Mgr. l Estimator l General Foreman l GFM Manager l Planning & Est. Mgr. l Planner l Production Manager l Program Manager l Project Manager l Purchasing Manager l QA Manager l QAI/QCI l QAS l Safety Inspector

11. 11 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION Positions Available l Safety Manager l Scheduler l Shop Foreman l Sr. Project Manager l Sub-C Manager l Test Coordinator l WAF Coordinator l WIM/Scheduler

12. 12 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION Benefits Health Savings Account Flexible Spending Account Paid Time Off 7 Paid Holidays Short and Long Term Disability

13. 13 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION Benefits (continued)  Employee Assistance Program Educational Assistance Direct Deposit Life Insurance

14. 14 PROPRIETARY INFORMATION PRIVILEGED AND CONFIDENTIAL ATTORNEY CLIENT COMMUNICATION Questions?