ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
On October 22, 2008, Northrop Grumman Corporation (the "Company") issued a press
release announcing its financial results for the quarter ended September 30,
2008, under the heading "Northrop Grumman Reports Third Quarter 2008 Results."
The press release is furnished as Exhibit 99.
ITEM 7.01. REGULATION FD DISCLOSURE.
Recent declines in the financial markets have impacted the market values of
assets in the Company's defined benefit pension plans, and these conditions
could lead to significant future increases in pension costs measured in
accordance with both accounting principles generally accepted in the United
States of America (U.S. GAAP) and U.S. Cost Accounting Standards (CAS). In
connection with its scheduled conference call with analysts to discuss
third-quarter earnings, the Company plans to discuss the potential effects of
these market conditions on its future net pension adjustment amounts. The net
pension adjustment represents the difference between pension expense determined
in accordance with U.S. GAAP and pension expense allocated to the operating
sectors and determined in accordance with CAS.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Furnished
Exhibit 99 - Press Release dated October 22, 2008
Signature(s)
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
Northrop Grumman Corporation
(Registrant)
October 22, 2008 By: /s/ Stephen D. Yslas
(Date) (Signature)
Stephen D. Yslas
Corporate Vice President, Secretary,
and Deputy General Counsel