Exhibit 99
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| NEWS RELEASE | TRW Inc.
1900 Richmond Road
Cleveland, OH 44124 |
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| For Immediate Release | Contact
Judy Wilkinson or
Barrett Godsey
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449 |
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| | Jay McCaffrey, TRW Media
216-291-7179 |
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| | Ron Vargo, TRW Investors
216-291-7506 |
TRW SENDS LETTER TO NORTHROP GRUMMAN
Will Review Proposal Letter Promptly and in Orderly Manner
CLEVELAND, Feb. 26, 2002 — TRW Inc. (NYSE: TRW) today sent a letter to Kent Kresa,
Chairman of the Board and Chief Executive Officer, of Northrop Grumman Corporation (NYSE: NOC). The full text of the letter follows:
February 26, 2002
| | | | Mr. Kent Kresa
Chairman of the Board and Chief Executive Officer
Northrop Grumman Corporation
1840 Century Park East
Los Angeles, CA 90067 |
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| | | | Dear Mr. Kresa: |
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| | | | We received your letter on the evening of February 21, 2002, and note that it requests a response by February 27, 2002. In view of your request for a response by that date, we wanted to inform you of our needs and timing. |
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| | | | Our Board of Directors will address your letter promptly and in an orderly manner. In this regard, as is obviously necessary and appropriate, we have engaged financial and legal advisors to help us properly evaluate the situation. We will conduct Board discussions in the near future and will respond in a timely fashion, but it will not be before the close of business February 27, 2002. |
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| Sincerely, | | |
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/s/ Philip A. Odeen
Philip A. Odeen
Non-executive Chairman | | /s/ Kenneth W. Freeman
Kenneth W. Freeman
Lead Director |
TRW provides advanced-technology products and services for the aerospace, systems, and automotive markets.
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