LOS ANGELES, Aug. 15 /PRNewswire-FirstCall/ -- The board of directors of Northrop Grumman Corporation (NYSE:NOC) today declared a quarterly dividend of $0.37 per share on Northrop Grumman common stock, payable September 8, 2007, to shareholders of record as of the close of business August 27, 2007. The board also declared a dividend of $1.75 per share on the company's Series B convertible preferred stock, payable October 15, 2007, to shareholders of record as of the close of business October 1, 2007. Northrop Grumman Corporation is a $30 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide. DATASOURCE: Northrop Grumman Corporation CONTACT: Dan McClain, media, +1-310-201-3335, or Denny McSweeny, investors, +1-310-229-1311, both of Northrop Grumman Corporation Web site: http://www.northropgrumman.com/

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