News

Northrop Grumman Corporation's (NYSE: NOC) Sperry Marine business unit today announced a partnership agreement with Thrane & Thrane AS under which Sperry Marine will market the Capsat Fleet 77 Broadband Satellite Communications System, designed to support the increasing demand for higher-speed data connections between ship and shore.

Northrop Grumman Corporation's (NYSE: NOC) Sperry Marine business unit has been selected to provide radar systems and spares for U.S. Air Force RC-135 aircraft.

The contracts, awarded by Sierra Nevada Corporation, and valued at $4.2 million, require Sperry Marine to supply additional new-generation AN/APN-242 color weather and navigation radar spares and systems to replace aging AN/APN-59 systems originally installed on the RC-135 fleet. Deliveries are contracted to begin in November and continue through May 2004.

Northrop Grumman Corporation (NYSE: NOC) unveiled its new iFleet suite of marine information technology (IT) solutions at the SMM maritime exhibition in Hamburg, Germany, last week.

Northrop Grumman Corporation (NYSE: NOC) has supplied the advanced Integrated Bridge System and Voyage Management System electronic charting software for the first U.S. Navy ship authorized to navigate using Digital Nautical Charts (DNC) supplied by the National Geospatial-Intelligence Agency.

Northrop Grumman Corporation (NYSE: NOC) has been awarded a delivery order for the fifth year of a five-year contract to provide technical, logistics and material support for navigation systems installed on U.S. Navy ships and submarines.

The delivery order, valued at $15.5 million, was awarded to Northrop Grumman’s Sperry Marine business unit by Naval Inventory Control Point, Mechanicsburg, Pa., under a firm fixed-price performance-based logistics (PBL) contract.

The Gyro and Inertial Navigation Systems Support Center has been built to provide cost effective through life support to worldwide Naval Gyro and INS customers. It represents a significant investment by Sperry Marine to reduce customer logistics costs, spares turnaround times and maintains full availability of systems throughout the fleet.

CHARLOTTESVILLE, VA - Litton Marine Systems has been awarded a contract worth up to $1.8 million to supply navigation and control systems for two new frigates being built for the Moroccan Navy in France.

The two frigates are based on the French Floreal Class and are under construction at Chantiers de L'Atlantique in Saint Nazaire. They are scheduled for delivery in 2003-2004.

Litton Marine Systems recently installed integrated bridge systems (IBS) on two Royal Caribbean International cruise ships.

The Litton bridge systems were installed during June 2000 on the Rhapsody of the Seas in Victoria, British Columbia, and the Majesty of the Seas in Mobile, Alabama.

LOS ANGELES -- Northrop Grumman Corporation (NYSE: NOC) and Litton Industries Inc. (NYSE: LIT) jointly announced today that they have signed a definitive agreement under which Northrop Grumman will acquire for cash all of the outstanding shares of Litton for $80 per common share and $35 per Series B Preferred share. The transaction is valued at approximately $5.1 billion, which includes the assumption of Litton's $1.3 billion in net debt. Northrop Grumman's and Litton's boards of directors have unanimously approved the transaction.

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