NOC Northrop Grumman Corp Holding Co

LOS ANGELES, March 6 /PRNewswire-FirstCall/ -- Northrop Grumman Corporation (NYSE:NOC) today said it will shut down its computer reseller business to sharpen its focus on the company's core capabilities and better align its offerings with its customers. The computer reseller business, which sells technology equipment to government agencies, comprises the company's Enterprise Information Technology business unit. Northrop Grumman announced its decision to exit the computer reseller business on Jan. 24, 2006. The company's financial guidance provided at that time is not affected by this announcement. Enterprise Information Technology is based in Greenbelt, Md. Approximately 300 of its 365 employees work at the Greenbelt location. "After a thorough analysis of our options, we determined it was more advantageous for the company and our shareholders to quickly and decisively shut down the business," said James O'Neill, corporate vice president and president of the company's Information Technology (IT) sector. "We will continue to honor our commitments to all of our customers, suppliers and vendor partners." "With a large number of job openings at the IT sector and company wide, we will work diligently to redeploy affected employees," said O'Neill. 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 approximately 125,000 employees and operations in all 50 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers. Note: Certain statements in this release are based on "forward-looking" information (that Northrop Grumman believes to be within the definition in the Private Securities Litigation Reform Act of 1995) and are subject to risks and uncertainties that are set out in Northrop Grumman's filings from time to time with the Securities and Exchange Commission, including, without limitation, Northrop Grumman reports on Form 10-K and Form 10-Q. DATASOURCE: Northrop Grumman Corporation CONTACT: Juli Ballesteros, APR of Northrop Grumman Corporation, +1-703-713-4675, Web site: http://www.northropgrumman.com/

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