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TRW Announces Expected First Quarter Results and Unusual Gains and Charges

3 April 2000

TRW Announces Expected First Quarter Results and Unusual Gains and Charges

    CLEVELAND--March 30, 2000--TRW Inc. announced that it expects to report net earnings per share for the first quarter ended March 31, 2000 of $1.20 to $1.25 before unusual items. This compares to the prior year first quarter earnings per share of $0.86 before unusual items.
    The 2000 first quarter results will include after-tax gains from unusual items of approximately $110 million relating to the sale of 2.2 million shares of RF Micro Devices (RFMD) stock and $20 million relating to the previously announced sale of the company's Nelson Stud Welding business. These gains will be partially offset by after-tax charges of approximately $50 million relating to warranty reserves, claims and threatened litigation.
    TRW will report its first quarter 2000 results on April 19, 2000.
    TRW provides advanced technology products and services for the global automotive, aerospace, and information systems markets. The company's news releases are available through TRW's corporate Web site, www.trw.com.