FALLS CHURCH, Va. – May 16, 2012 – The board of directors of Northrop Grumman Corporation (NYSE:NOC) declared a quarterly dividend of $0.55 per share on Northrop Grumman common stock, a 10 percent increase from the prior quarterly dividend of $0.50 per share. This is the ninth consecutive annual increase in Northrop Grumman's quarterly dividend.
"Today's dividend increase demonstrates our confidence in the company and our continued commitment to a balanced cash deployment strategy that includes share repurchases and a competitive dividend," said Wes Bush, chairman, chief executive officer and president.
The dividend is payable June 13, 2012, to shareholders of record as of the close of business on May 28, 2012.
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in aerospace, electronics, information systems, and technical services to government and commercial customers worldwide. Please visit www.northropgrumman.com for more information.
This release contains statements, other than statements of historical fact, that constitute "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "expect," "intend," "plan," "believe," "estimate," "guidance," and similar expressions generally identify these forward-looking statements. These forward-looking statements speak only as of the date when made, and the Company undertakes no obligation to update or revise any forward-looking statements after the date of the subject presentation. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. A discussion of these risks and uncertainties is contained in the Company's filings with the Securities and Exchange Commission.