Investor Relations

News and Events - News Release

News and Events - News Release

<< Back
European Commission Approves Northrop Grumman Acquisition of Litton Industries Inc.

LOS ANGELES, March 23, 2001 -- Northrop Grumman Corporation (NYSE:NOC) announced today that the European Commission has approved the company's pending acquisition of Litton Industries Inc. (NYSE:LIT).

On February 22, the company had provided the Commission with the necessary filings related to the Litton transaction. Northrop Grumman also said it remains optimistic that the Hart-Scott-Rodino review will conclude within the current review period, which expires at midnight E.S.T. on March 29, 2001.

Northrop Grumman Corporation, headquartered in Los Angeles, is a world-class, high technology company providing innovative solutions in systems integration, defense electronics and information technology for its U.S. and international military, government and commercial customers, as a prime contractor, principal subcontractor, team member or preferred supplier. The company had revenues of $7.6 billion in 2000 and has a workforce of approximately 39,000 employees.

Members of the news media may receive our releases via e-mail by registering at: http://www.northgrum.com/cgi-bin/regist_form.cgi

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

CONTACT:
Northrop Grumman Corporation, Los Angeles
Jim Taft
(310) 201-3335