Release Details

LOS ANGELES, Oct 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- Northrop Grumman Corporation (NYSE: NOC) announced today that its board of directors has elected Charles H. Noski, 51, corporate vice president and chief financial officer, effective December 1, 2003, succeeding Richard B. Waugh Jr., 60, who has elected to retire.

A photo accompanying this release is available at: http://www.newscom.com/cgi-bin/prnh/20031016/LATH114

Ronald D. Sugar, Northrop Grumman's chairman, chief executive officer and president, stated, "We are fortunate that an executive of Chuck's caliber will be joining our senior management team. Chuck's distinguished background, which includes many years in the defense industry, makes him well qualified to assume his new role as our chief financial officer. I look forward to a long tenure of working with Chuck as we usher in a new era for Northrop Grumman."

The company stated that Noski will remain a member of Northrop Grumman's board of directors.

Sugar added, "We are very grateful to Dick for the many significant contributions he has made during his 25 years of dedicated service to the company including his role as chief financial officer for more than a decade. Dick is an outstanding financial executive who, working with Kent Kresa, Northrop Grumman's former chairman, CEO and president, played an invaluable role in implementing the strategic transformation of Northrop Grumman into the top-tier defense enterprise it is today. We wish him well in his retirement."

Noski said, "I am very pleased to be joining Northrop Grumman's management team. I look forward to working with Ron and his leaders in the years ahead to fulfill the exciting potential of this company and to deliver superior value to its shareholders, customers and employees."

Noski retired from AT&T in November 2002 having joined the company in December 1999 as senior executive vice president and chief financial officer. He was elected vice chairman of the board of AT&T in early 2002 and was responsible for broad aspects of the company's strategy and operations. Prior to joining AT&T, Noski was president and chief operating officer and a member of the board of directors of Hughes Electronics Corporation. Noski joined Hughes in 1990 as corporate vice president and controller and in 1992 was appointed corporate senior vice president and chief financial officer. He assumed the additional responsibilities of vice chairman of Hughes in 1996. Previously, Noski was a partner of Deloitte & Touche, where he was national industry director for services to the aerospace and defense industry.

Noski currently serves on the boards of directors of Air Products & Chemicals, Inc. and Teledyne Technologies Inc., and last month was nominated to the board of directors of Microsoft Corporation.

Noski received his bachelor's degree in business administration and his master's in accounting from California State University, Northridge. Chuck and his wife, Lisa, have two daughters and reside in Palos Verdes Estates, California.

Northrop Grumman Corporation is a $25 billion 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 approximately 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

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

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http://www.northropgrumman.com