LOS ANGELES, Nov. 16, 2004 (PRIMEZONE) -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) today declared a quarterly dividend of 23 cents per share on Northrop Grumman common stock, payable Dec. 11, 2004, to shareholders of record as of the close of business Nov. 29, 2004. The board also declared a dividend of $1.75 per share on the company's Series B convertible preferred stock, payable Jan. 18, 2005, to shareholders of record as of the close of business Jan. 4, 2005.

Northrop Grumman Corporation is a global defense company headquartered in Los Angeles, Calif. Northrop Grumman provides technologically advanced, innovative products, services and solutions in systems integration, defense electronics, information technology, advanced aircraft, shipbuilding and space technology. With 125,000 employees, and operations in all 50 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.

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