LOS ANGELES, Nov. 7, 2006 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE: NOC) will hold its Institutional Investor Conference in New York City, Thursday November 9.

Company senior management will discuss current performance and the outlook for 2006 and 2007. The conference will begin at 8 a.m. EST and will be webcast live on the company's Web site at www.northropgrumman.com .

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.

Statements and assumptions in the presentation contain or are based on "forward-looking" information (that Northrop Grumman believes to be within the definition in the Private Securities Litigation Reform Act of 1995) and by their nature involve risks and uncertainties. For a statement of risk factors, please consult Northrop Grumman's filings with the Securities and Exchange Commission, including, without limitation, Northrop Grumman reports on Form 10-K and Form 10-Q.

  CONTACT:  Dan McClain (Media)
          Northrop Grumman Corporation
          (310) 201-3335
      
          Gaston Kent (Investors) 
          Northrop Grumman Corporation          
          (310) 201-3423