LOS ANGELES, Nov. 20, 2001 (PRIMEZONE) --- 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 Dec. 15, 2001, to shareholders of record Dec. 3, 2001. The board also declared a dividend of $1.75 per share on the company's Series B convertible preferred stock, payable Jan. 15, 2002, to shareholders of record Dec. 27, 2001.

Northrop Grumman Corporation is a $15 billion, global aerospace and 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 non-nuclear shipbuilding and systems. With 80,000 employees and operations in 44 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.

LEARN MORE ABOUT US: Northrop Grumman news releases, product information, photos and video clips are available on the Internet at: http://www.northropgrumman.com

  CONTACT: Northrop Grumman Corporation
         Frank Moore, Media
         (310) 201-3335
        
         Gaston Kent, Investors
         (310) 201-3423