Northrop Grumman Sells 7.3 Million TRW Automotive Shares for $142.6 Million

LOS ANGELES, March 10 -- Northrop Grumman Corporation announced today the sale of 7,256,500 shares of TRW Automotive Holdings Corp. for approximately $142.6 million, or $19.65 per share. The sale, which is expected to close Friday, March 11, 2005, will result in a first quarter 2005 after-tax gain of approximately $70 million, or $0.19 per share.

The shares were sold in private transactions to TRW Automotive Holdings Corp. which will issue and sell the same amount of shares in private transactions with institutional accredited investors. Automotive Investors LLC (an affiliate of the Blackstone Group) granted its approval for Northrop Grumman's sale in lieu of the registration of three million priority shares required under the TRW Automotive stockholders agreement.

The sale reduces Northrop Grumman's ownership of TRW Automotive Holdings Corp. to 9.9 percent or 9,743,500 shares. Northrop Grumman sold TRW Automotive to the Blackstone Group in February 2003 and obtained the equity stake under the terms of that sale.

About Northrop Grumman

Northrop Grumman Corporation is a global defense company headquartered in Los Angeles, Calif. Northrop Grumman provides a broad array of technologically advanced, innovative products, services and solutions in systems integration, defense electronics, information technology, advanced aircraft, shipbuilding, and space technology. The company has more than 125,000 employees and operates in all 50 states and 25 countries and serves U.S. and international military, government and commercial customers.