LOS ANGELES, Nov. 19, 2002 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) today issued the following statement:

In a press release issued by Northrop Grumman earlier today, Deutsche Bank was inadvertently omitted from the list of banks that have provided all financing necessary to complete Northrop Grumman's sale of TRW's (NYSE:TRW) automotive business to The Blackstone Group.

In addition to Deutsche Bank, that list includes JP Morgan, Credit Suisse First Boston and Lehman Brothers.

Northrop Grumman Corporation is a $17 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 96,000 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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