TRW Signs Confidentiality Agreements With Several Interested Parties; Value Enhancement Plan and Exploration of Strategic Alternatives Are on Track

CLEVELAND, April 26 -- TRW Inc.today announced that as part of its review of strategic alternatives, it has signed confidentiality agreements with several interested parties who will begin receiving information shortly. On April 17, 2002 TRW announced that, in addition to continuing the aggressive execution of its value enhancement plan, TRW's Board had authorized management and its advisors to initiate a process to explore all strategic alternatives to create shareholder value in excess of Northrop Grumman Corporation's unsolicited offer. As part of this process, TRW intends to begin sharing non-public information with interested parties executing confidentiality agreements. Northrop has been invited to participate in this process.

Philip A. Odeen, TRW's chairman, said, "We are pleased with the progress we are making in exploring our strategic alternatives and with the interest we have received in our company. We have signed several confidentiality agreements and are ready to begin due diligence. Simultaneously, we are moving forward with our value enhancement plan and have filed this week for a ruling from the Internal Revenue Service that the automotive spin-off is tax free to TRW and its shareholders. TRW shareholders can be assured that our Board and management are actively exploring all avenues to create value for TRW shareholders in excess of Northrop's offer."

TRW continues to urge shareholders to vote against Northrop's proposal at the May 3, 2002 Special Meeting of Shareholders and not tender their shares for exchange. For more information about how to vote, shareholders can call the TRW's proxy solicitor, Georgeson Shareholder Communications Inc. toll-free at (866) 649-8030.

TRW provides advanced-technology products and services for the aerospace, systems, and automotive markets.