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NORTHROP INCREASES B-2 OPERATING MARGIN BY $40 MILLION IN FOURTH QUARTER

 NORTHROP INCREASES B-2 OPERATING MARGIN BY $40 MILLION
 IN FOURTH QUARTER
 LOS ANGELES, Dec. 24 /PRNewswire/ -- Northrop Corp. (NYSE: NOC) announced today that operating margin in the fourth quarter will be increased by $40 million, or approximately 56 cents per share after taxes, as a result of increasing the projected rate of margin being earned on the B-2 low-rate initial production (LRIP) program.
 The $40 million increase in fourth quarter operating margin represents the cumulative effect on all previously recorded sales under the LRIP program, which began in 1986.
 The Air Force today also announced B-2 contracting activities which provided Northrop with the remaining $1.9 billion of funding for previously authorized work to be performed on the ten B-2 LRIP aircraft program.
 Northrop said that about half the work on the ten aircraft LRIP program has been completed. The company's performance on B-2 production and assembly and the definitization of this latest contract have contributed to the company's confidence in projecting the margin it can ultimately earn in the performance of this contract.
 Note to editors:
 The following news release (No.669-91) was issued today by the Office of the Assistant Secretary of Defense (Public Affairs). For more information contact that office at 703-695-0192 or Major Mills at home at 513-427-1119.
 CONTRACT AWARD
 Northrop Corporation, B-2 Division, Pico Rivera, California, was awarded on December 23, 1991, a $5,973,335,374 face value increase to a fixed price incentive contract for the previously planned conversion of the existing fixed-priced incentive (successive targets) contract for five, previously purchased, Fiscal Year 1987/88 Low Rate Initial Production (LRIP) B-2 aircraft to a fixed-price incentive (firm target) contract. In addition, this action provided for the definitization of long lead and fully negotiated pricing of the previously authorized five Fiscal Year 1989/90 B-2 LRIP aircraft, rotary launcher assemblies, technical orders, and special test equipment. Contract is expected to be completed in December 1994. Contract funds of $583,315,488 will expire at the end of the current fiscal year. The Aeronautical Systems Division, Wright-Patterson Air Force Base, Ohio, is the contracting activity (F33657-87-C-2000- P00200).
 -0- 12/24/91
 /NOTE: All Northrop offices are closed until 1/2/92.
 /CONTACT: Ron Owens of Northrop Corp., 310-201-3004 (work), or 818-798-0098 (home)/
 (NOC) CO: Northrop Corp. ST: California IN: ARO SU:


DM -- LA008 -- 5204 12/24/91 18:28 EST
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Date:Dec 24, 1991
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