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NORTHROP BOARD INCREASES QUARTERLY DIVIDEND BY 33 1/3 PERCENT

 LOS ANGELES, Feb. 17 /PRNewswire/ -- The board of directors of Northrop Corp. (NYSE: NOC) today declared a quarterly dividend of 40 cents per share on Northrop common stock, a 33 1/3 percent increase over the previous 30 cents per share.
 The dividend declared today will be payable March 13, 1993, to shareholders of record March 1, 1993.
 "The dividend increase reflects the company's improved cash flow and the board of directors' confidence in our future financial performance," said Kent Kresa, Northrop chairman, president and chief executive officer. "The board's action gives our shareholders the opportunity to benefit from the company's improved performance while preserving our strategic options for the long-term evolution of the company and our business."
 -0- 2/17/93
 /CONTACT: Tony Cantafio of Northrop, 310-201-3333/
 (NOC)


CO: Northrop Corp. ST: California IN: ARO SU: DIV

JL -- LA030 -- 7433 02/17/93 14:58 EST
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Publication:PR Newswire
Date:Feb 17, 1993
Words:147
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