LOS ANGELES, Aug. 21, 2002 -- The Board of Directors of Northrop Grumman Corporation (NYSE:NOC) today declared a quarterly dividend of 40 cents per share on Northrop Grumman common stock, payable Sept. 14, 2002, to shareholders of record Sept. 3, 2002. The board also declared a dividend of $1.75 per share on the company's Series B convertible preferred stock, payable Oct. 15, 2002, to shareholders of record Oct. 3, 2002.

Northrop Grumman Corporation is an $18 billion, global defense company with its worldwide headquarters in Los Angeles. Northrop Grumman provides technologically advanced, innovative products, services and solutions in defense and commercial electronics, systems integration, information technology and nuclear and non-nuclear shipbuilding and systems. With nearly 100,000 employees and operations in 44 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.

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