Kevin Moak appointed Chairman of the Board of Gibbs & Cox, Inc.

Mr. Kevin E. Moak has been appointed as Chairman of the Board of Gibbs & Cox, Inc., one of the world's leading Naval Architecture and Marine Engineering firms. Established in 1929, Gibbs & Cox is internationally recognized as one of the oldest and most prestigious naval design firms.

FOR IMMEDIATE RELEASE

Washington, DC, February 28, 2002

Mr. Kevin E. Moak has been appointed as Chairman of the Board of Gibbs & Cox, Inc., one of the world's leading Naval Architecture and Marine Engineering firms. Mr. Moak's professional portfolio at Gibbs & Cox includes extensive experience in naval architecture, structural design, concept and feasibility studies, contract, preliminary and detail design, project/program management, corporate management, and strategic planning. Mr. Moak graduated from the University of Michigan with a Bachelor of Science degree in Naval Architecture and Marine Engineering in 1978. Mr. Moak's appointment by the Board of Directors as the 7th Chairman of Gibbs & Cox, Inc. becomes effective March 1, 2002.

Established in 1929, Gibbs and Cox is internationally recognized as one of the oldest and most prestigious naval design firms. Gibbs & Cox, Inc. provides engineering and design services to the U.S. Navy, U.S. Government agencies, U.S. shipyards, commercial companies, and international governments, navies, and shipyards. Over its 73-year history, the firm has been responsible for the engineering and design of over 50 classes of destroyers, frigates, and other surface ships for the U.S. and foreign Navies. Over 3100 ships worldwide, for both military and commercial customers, have been built to Gibbs & Cox, Inc. designs. Gibbs & Cox, Inc. has offices in Brunswick, ME, New York, NY, Philadelphia, PA, Washington, DC, Arlington, VA and Hampton, VA.

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