LOS ANGELES, Feb. 17 /PRNewswire-FirstCall/ -- The board of directors of Northrop Grumman Corporation (NYSE: NOC) today declared a quarterly dividend of 40 cents per share on Northrop Grumman common stock, payable March 13, 2004, to shareholders of record as of the close of business March 1, 2004. The board also declared a dividend of $1.75 per share on the company's Series B convertible preferred stock, payable April 13, 2004, to shareholders of record as of the close of business April 1, 2004.

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.

SOURCE Northrop Grumman Corporation

/NOTE TO EDITORS: LEARN MORE ABOUT US: Northrop Grumman news releases, product information, photos and video clips are available on the Internet at: http://www.northropgrumman.com ./

/CONTACT: Media, Frank Moore, +1-310-201-3335, or Investors, Gaston Kent, +1-310-201-3423, both of Northrop Grumman Corporation/

/Web site: http://www.northropgrumman.com /

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