Northrop Grumman Completes Litton Acquisition

June 13, 2001

Northrop Grumman Corporation completed the final step in its acquisition of Litton Industries Inc. by converting Litton's preferred stock into the right to receive $35 per share in cash. Letters of transmittal and other documents necessary for the exchange of stock will be mailed to Litton shareholders as promptly as practicable. Northrop Grumman Corporation is a $15 billion, global aerospace and defense company with its worldwide headquarters in Los Angeles.

Northrop Grumman Completes Litton Acquisition

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