NEWPORT NEWS, Va. - November 21, 2003 - Northrop Grumman Corporation (NYSE: NOC) was awarded a multiple-award contract from the U.S. Navy in support of submarine fleet maintenance work. Northrop Grumman's Newport News sector is one of two prime contractors for the award.

The terms and conditions of this multiple-award contract allow the Navy to assign or award future short-term and long-term contracts to Northrop Grumman Newport News. It will also provide a way to get work contracted more quickly than if each job was contracted individually.

There is not a specific monetary value associated with the contract at this time, but it does guarantee Northrop Grumman Newport News a minimum level of planning work. Potential work could include jobs such as Interim Dry Docking, Docking Selected Restricted Availabilities and Depot Modernization Periods.

"This contract gives us the potential to expand our work in the submarine fleet maintenance arena," said Becky Stewart, vice president, Northrop Grumman Newport News Surface Ship and Submarine Fleet Maintenance. "We look forward to working with the Navy on future availabilities and becoming another key resource for them."

Northrop Grumman Newport News, headquartered in Newport News Va., is the nation’s sole designer, builder, and refueler of nuclear-powered aircraft carriers and one of only two companies capable of designing and building nuclear powered submarines. Newport News also provides after-market services for a wide array of naval and commercial vessels. The Newport News sector employs about 18,000 people.

Contact: Jennifer Dellapenta
(757) 380-3558