TRW Honored for Outstanding E-Business Performance

    CLEVELAND--May 29, 2001--TRW Inc. has received the "e-Champion Award" from Roland Berger Strategy Consultants and the European trade magazine Automobil-Produktion for outstanding performance in implementation of e-Business solutions in the automotive industry.
    The company received the award during a ceremony at Automobile Forum 2001 in Stuttgart, Germany. Also honored for their active and innovative e-Business programs were INI and Delphi Automotive.
    Dr. Heinz Pfannschmidt, president and CEO, TRW Automotive Electronics, said, "For us, e-Business is the key to guarantee the construction of a five-day car. All our efforts within TRW, firmly supported by the management, are oriented toward this objective."
    "We were impressed by how these companies have already achieved savings in turnaround times, process costs, and cost of materials due to the strategic employment of the Internet," said Dr. Thomas Sedran, partner in the Competence Center Automotive. "We have seen improvements in quality, increases in sales, and opportunities for interactive customer contact."
    Roland Berger Strategy Consultants is one of the leading strategy consultants worldwide, particularly for the automotive industry.
    Automobil-Produktion is published for the German automotive and supplier industries, as well as for all service providers and factory outfitters involved in manufacturing. The magazine promotes dialog in the fields of engineering, purchasing, production, and globalization.
    TRW provides advanced-technology products and services for the aerospace, information systems, and automotive markets. The company, which is celebrating its 100th year of operation during 2001, had year-end 2000 sales of $17.2 billion. Company news releases can be found at www.trw.com.