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Business Description
Northrop Grumman Corporation is a global defense company that provides technologically advanced products, services and solutions in defense and commercial electronics, systems integration, information technology and nuclear and non-nuclear shipbuilding and systems. Northrop Grumman has operations in 44 states and 25 countries, serving U.S. and international military, government and commercial customers. Northrop Grumman is aligned into six business sectors: Electronic Systems, Information Technology, Integrated Systems, Ship Systems, Newport News and Component Technologies.

Financial Information
NOC provides technologically advanced products, services and solutions in defense, commercial electronics, systems integration, information, and non-nuclear shipbuilding and systems. For the six months ended 6/30/02, net sales rose 50% to $8.48 billion. Net income applicable to Common rose 51% to $319 million. Results reflect the integration of Litton and Newport News, strong growth in the Government Information Technology, and higher operating margins.