Northrop Grumman Increases Quarterly Dividend 10 Percent to $1.10 per Share

FALLS CHURCH, Va., Jan. 25, 2018 (GLOBE NEWSWIRE) -- The board of directors of Northrop Grumman Corporation NOC declared a quarterly dividend of $1.10 per share on Northrop Grumman common stock, a 10 percent increase from the prior quarterly dividend of $1.00 per share. The dividend is payable March 21, 2018, to shareholders of record as of the close of business March 5, 2018.

This off-cycle dividend increase is a part of a broader set of capital deployment actions announced today by the company, including additional capital investments and employee benefits. The company expects to return to its annual dividend evaluation cycle in May of 2018.  Additional details will be provided on the Northrop Grumman earnings conference call at noon Eastern time on Jan. 25, 2018.  A live audio broadcast of the conference call will be available on the investor relations page of the company's website at www.northropgrumman.com

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide. Please visit news.northropgrumman.com and follow us on Twitter, @NGCNews, for more information.

Contact:         
Tim Paynter (Media)              
703-280-2720                     
timothy.paynter@ngc.com

Steve Movius (Investors)
703-280-4575
steve.movius@ngc.com