LOS ANGELES, Feb. 7, 2002 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) will hold an Institutional Investor Conference in New York City Thursday, Feb. 14, from 8:30 a.m. to 2 p.m. EST.

Presentations will be made by Kent Kresa, Northrop Grumman's chairman and chief executive officer; Ronald D. Sugar, president and chief operating officer; Richard B. Waugh, Jr., chief financial officer; and presidents of the company's six operating sectors.

This daylong conference will be webcast with a live audio broadcast available on the Investor Relations page of Northrop Grumman's Web site at www.northropgrumman.com . The audio recording will be available for one week following the conference.

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.

  CONTACT: Frank Moore (Media)
         (310) 201-3335

         Gaston Kent (Investors)
         (310) 201-3423