LOS ANGELES, Oct. 15, 2001 (PRIMEZONE) -- Northrop Grumman Corporation (NYSE:NOC) will announce its third quarter 2001 earnings on Wednesday, Oct. 24, 2001, at approximately 9 a.m. E.D.T. The company's 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 Web site at www.northropgrumman.com . Replays of the call will be available on the website through Nov. 7, 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
         Frank Moore, Media
         (310) 201-3335

         Gaston Kent, Investors
         (310) 201-3423