LOS ANGELES, Oct. 23, 2006 -- The board of directors of Northrop Grumman Corporation (NYSE:NOC) today declared a quarterly dividend of $0.30 per share on Northrop Grumman common stock, payable December 9, 2006, to shareholders of record as of the close of business November 27, 2006. The board also declared a regular dividend of $1.75 per share on the company's Series B convertible preferred stock, payable January 16, 2007, to shareholders of record as of the close of business January 4, 2007.

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 more than 120,000 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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