Northrop Grumman Amends, Extends NNS Offer

Northrop Grumman Corporation amended its offer for all outstanding shares of common stock, including associated rights, of Newport News Shipbuilding Inc. pursuant to an amended Registration Statement on Form S-4 filed with the Securities and Exchange Commission. Northrop Grumman also announced that it has extended its amended offer from Nov. 8, 2001, to Nov. 19, 2001, at midnight E.S.T. Approximately 2,584,631 shares of Newport News Shipbuilding common stock had been tendered to Northrop Grumman as of 5:00 p.m. E.S.T. on Nov. 6, 2001.