BETHPAGE, N.Y., Sept. 30, 2008 -- Northrop Grumman Corporation (NYSE:NOC) announced today that it has named Richard Leo vice president of business management and chief financial officer for its Integrated Systems Eastern Region (ISER).

In his new role, Leo will focus on all aspects of value creation, including financial analysis and planning, estimating and pricing, contract negotiation and administration, cash and asset management, rate forecasting and overhead management, cost management and performance reporting, financial reporting and portfolio development.

"Rich's strong experience in every aspect of managing contract finances will benefit not only our company and our shareholders, but also our military customers who demand value, taking our team to a new level of growth," said Tom Vice, sector vice president of Integrated Systems Eastern Region.

Prior to this appointment, Leo was director of business management for Airborne Early Warning Battle Management Command and Control (AEW/BMC-2) programs for over a decade, including contracts for such programs as the E-2D Advanced Hawkeye, E-2C Hawkeye and C-2 Greyhound for the United States Navy and E-2C Hawkeye for international customers including Japan, Egypt and France.

Leo joined Northrop Grumman in 1983 and has held several management positions from manager of cash management for AEW&BMC-2 to a wide range of positions within product operations. Many of those involved new business proposals for the commercial aerostructures division, as well as U.S. Navy aircraft programs. Prior to his start in Northrop Grumman, he spent three years at the Fairchild Republic Company.

Leo earned his bachelor's degree in business administration from Dowling College in 1980 and a master's degree in business management in 1994. He also completed the University of Pennsylvania Wharton Advanced Management Program.

Northrop Grumman Corporation is a global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide. 

  CONTACT:  Dianne Baumert-Moyik
          Northrop Grumman Integrated Systems
          (516) 346-2142
          dianne.baumert-moyik@ngc.com