Northrop Grumman Corporation
Industry: Aerospace & Defense

Fortune has ranked Northrop Grumman 55th on the annual list of the nation's largest 500 companies as determined by 2003 revenue. This is a significant jump from the company's 99th-place listing last year. The publication also recently listed Northrop Grumman among the most-admired companies in the aerospace and defense industry, the second consecutive year the company has ranked among the top 5 in the field. Working at Northrop Grumman means becoming an important part of an extraordinary company. From information technology projects that power the Postal Service to space-based telescopes that peer billions of years into the past, Northrop Grumman offers an unmatched wealth of challenges. We are a company committed to the highest standards of business conduct and technical excellence in each of our distinct segments of business – also known as Operating Sectors:

Business Summary
Northrop Grumman Corporation (Northrop Grumman) provides products, services and solutions in defense and commercial electronics, nuclear and non-nuclear shipbuilding, information technology, mission systems, systems integration and space technology. As prime contractor, principal subcontractor, partner or preferred supplier, Northrop Grumman participates in defense and commercial technology programs in the United States and abroad. The majority of the Company's products and services are ultimately sold to the United States Government. Northrop Grumman operates in seven business sectors: Electronic Systems, Newport News, Ship Systems, Information Technology, Mission Systems, Integrated Systems and Space Technology. In January 2005, the Company sold its Canadian navigation systems and space sensors system business to L-3 Communications.

Financial Summary
NOC provides products, services and solutions in defense electronics, systems integration, information technology, nuclear and non-nuclear shipbuilding, and space technology. For the 6 months ended 6/05, sales rose 6% to $15.42B. Net income from cont. ops. rose 44% to $764M. Revenues reflect double-digit growth for the Mission Systems and Intergrated Systems operating segments. Net income also reflects a gain from the sale of TRW shares.