Northrop Grumman Names Barbara L. Barcon Vice President, Planning and Analysis


LOS ANGELES, March 28, 2003 -- Northrop Grumman Corporation (NYSE:NOC) today announced the appointment of Barbara L. Barcon as vice president, planning and analysis. Barcon reports to Richard B. Waugh, Jr., corporate vice president and chief financial officer.

In this position, Barcon, 46, is responsible for providing strategic analysis and guidance, and serving as a focal point for the company's shareholder value measurements. She additionally directs the analysis of corporate and sector financial goals for incentive compensation purposes, and directs other activities related to financial modeling, valuation, metrics and other tools used in financial analysis and planning, such as mergers and acquisitions support.

She most recently served as vice president, finance and business, at Northrop Grumman's Space Technology sector, where she was responsible for all financial matters and business operations. Barcon managed operations, accounting, planning and budget, risk management, business management, real estate, facilities, strategic planning and investments.

Prior to that, she was the chief financial officer for AT&T Broadband's Southern California region. Previously, she spent more than 20 years at Hughes Electronics Company in key leadership positions, including vice president and CFO for Hughes Space and Communications.

She holds a master's degree in business administration from California State University, Long Beach, and a bachelor's degree in psychology from California State University, San Diego.

Northrop Grumman Corporation is a $25 billion global defense company, headquartered in Los Angeles, Calif. Northrop Grumman provides technologically advanced, innovative products, services and solutions in systems integration, defense electronics, information technology, advanced aircraft, shipbuilding and space technology. With approximately 120,000 employees and operations in all 50 states and 25 countries, Northrop Grumman serves U.S. and international military, government and commercial customers.

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