LOS ANGELES, May 11, 2001 (PRIMEZONE) -- Kent Kresa, chairman, president and chief executive officer of Northrop Grumman Corporation (NYSE:NOC), will make a presentation to the Credit Suisse First Boston/Aviation Week Magazine Aerospace Finance Conference, which is being held in New York City May 14-16, 2001. Mr. Kresa's address will take place on Tuesday, May 15 at 12:15 p.m. E.D.T.

The conference will be webcast, with a live audio broadcast available through Northrop Grumman's Web site at http://www.northropgrumman.com . The audio recording will be available for 30 days following the conference. Information about the conference can be found at http://aerospace.csfbconferences.com .

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.

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  CONTACT: Northrop Grumman Corporation
         Bob Bishop (Media) 
         (310) 201-3335
         Gaston Kent (Investors) 
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