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News and Events - News Release

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Northrop Grumman Extends Tender Offer For Litton Industries Inc.

LOS ANGELES -- March 1, 2001 -- Northrop Grumman Corporation (NYSE: NOC) announced today the extension of its pending tender offer for the common and preferred stock of Litton Industries Inc. (NYSE: LIT) from March 1, 2001, to March 8, 2001, at midnight E.S.T.

The company, as previously announced, will extend the existing tender offer for all outstanding Litton stock in increments of five business days or less until the Hart-Scott-Rodino and European Union waiting periods have expired as provided in its agreement with Litton. In this regard, Northrop Grumman said it would expect to further extend the tender offer next Friday, March 9, 2001, for an additional five business days.

Northrop Grumman Corporation, headquartered in Los Angeles, is a orld-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.

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Northrop Grumman Corporation
Bob Bishop
(310) 201-3458