Northrop Grumman Completes Acquisition of Scaled Composites

Released on Friday, August 24, 2007

LOS ANGELES, Aug. 24, 2007 -- Northrop Grumman Corporation (NYSE:NOC) announced today that it has completed a transaction that increases its ownership in Scaled Composites, LLC from approximately 40 percent to 100 percent.

Scaled Composites is an aerospace and specialty composites development company located in Mojave, Calif., with broad experience in vehicle design, tooling, and manufacturing; specialty composite structure design, analysis and fabrication; and developmental flight test.

Northrop Grumman Corporation is a $30 billion global defense and technology company whose 120,000 employees provide innovative systems, products, and solutions in information and services, electronics, aerospace and shipbuilding to government and commercial customers worldwide.