- Press Release
- Jan 28, 2023
TRW Sends Letter to Northrop Grumman: TRW Says Northrop’s Statement Is Misleading
TRW Inc. today
sent the following letter to Northrop Grumman Corporation:
April 23, 2002 W. Burks Terry Corporate Vice President and General Counsel Northrop Grumman Corporation 1840 Century Park East Los Angeles, CA 90067-2199 Re: Confidentiality Agreement Dear Mr. Terry: Because you have released your letter of April 21, 2002 publicly, I need to point out that we believe it is seriously misleading. Your letter strongly suggests, if not states, that the 1997 Confidentiality Agreement entered into between our companies did not contain a standstill provision. As you know, that agreement, in fact, did contain a two-year standstill provision at your insistence. It is quite disturbing that Northrop would widely disseminate, to our shareholders and to yours, such a materially misleading letter. I regret the need to address this matter in the press; however, your actions have left me no choice but to set the public record straight. Sincerely, /s/ William B. Lawrence Executive Vice President, General Counsel and Secretary
TRW provides advanced-technology products and services for the aerospace,
systems, and automotive markets.