SEC Awards TRW $49 Million Contract to Modernize EDGAR System.

MCLEAN, Va.--(BUSINESS WIRE)--July 30, 1998--The U.S. Securities and Exchange Commission awarded BDM International, Inc., now part of TRW (NYSE:TRW), a three-year, $49 million contract, effective July 1, to modernize its Electronic Data Gathering, Analysis, and Retrieval System called EDGAR(R).

EDGAR, originally developed by BDM, automates the filing, processing, and dissemination of approximately 16 million pages of registration statements, reports, and other filings received by the SEC each year. These submissions are received from more than 28,000 registered entities and numerous individual filers. Prior to 1992 when EDGAR became operational, all registration statements, reports, and other filings were processed manually. With electronic filing, more timely disclosure of data to investors in the U.S. financial markets is a reality.

"This data is vital to the investing public because it gives insight into the soundness and investment potential of a company," said Phil Odeen, executive vice president and general manager of TRW Systems & Information Technology Group. "Moreover," he added, "this data is available almost immediately, which is important to analysts and investors."

Modernization of the system will involve using TRW's advanced information technologies along with commercial off-the-shelf software to improve the presentation quality and structure of SEC filings. The EDGAR architecture will be converted to an Internet-based system using Hypertext Markup Language (HTML) as the official format. This format will allow filers to attach graphical files such as PDF. Filers also will realize reduced costs and effort associated with the preparation and submission of SEC required documents.

TRW will also provide a privatized dissemination service where subscribers can receive corporate filings in real-time at a cost that is less than half currently charged. There is no fee, however, when an individual investor searches for information using the SEC website (http://www.sec.gov ).

Work on this contract will be performed primarily at SEC's site in Alexandria, Va., with approximately 60 employees and staffing up to more than 100 during the modernization phase. When the base period of the contract ends in June 2001, the SEC can either extend the contract with TRW for up to five years in one-year increments, with a total eight-year value of approximately $102 million, or recompete the program.

TRW's teammates include: American Management Systems, Fairfax, Va., providing a COTS-based client server financial system and technical support; Disclosure Inc., Bethesda, Md., providing a financial database of U.S. companies; Action Technologies, Alameda, Calif., providing workflow management software and support; DoxSys, Bethesda, and Stellar Systems, McLean, providing development support; Document Technologies, New York, N.Y., providing consultation for electronic data filing support of new EDGARLink; CompuServe Network Services, Columbus, Ohio, providing the online vehicle through which accounts can be filed. Toronto-based Fulcrum Technologies' Search Server(tm) will be used to provide advanced text search and retrieval capability.

TRW Inc. provides advanced technology products and services for the automotive, space and defense, and information technology markets worldwide. The company's sales in 1997 were approximately $12 billion (including the recent BDM acquisition). The company's news releases are available through TRW's corporate web site (http://www.trw.com/ ) and http://www.bdm.com .

    CONTACT: TRW
              Linda Javier, 310/812-4105; Al Frascella, 703/803-5353