LOS ANGELES, July 18, 2001 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) will announce its second quarter 2001 earnings on Wednesday, July 25, 2001, at approximately 9 a.m. E.D.T. The company's securities analyst conference call will be held at 2 p.m. E.D.T. that day.

The conference call will be webcast live on the Investor Relations page of Northrop Grumman's website at www.northropgrumman.com . Replays of the call will be available on the website through August 8, 2001.

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, Los Angeles
         Bob Bishop (Media) 
         (310) 201-3335

         Gaston Kent (Investors) 
         (310) 201-3423