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                                                                    Exhibit 99.7

[LOGO / NEWS - NORTHROP GRUMMAN]
NORTHROP GRUMMAN CORPORATION
Public Information
1840 Century Park East
Los Angeles, California 90067-2199
Telephone 310-553-6262
Fax 310-556-4561

Contact: Bob Bishop (310) 201-3335

For Immediate Release

NORTHROP GRUMMAN FILED HART-SCOTT-RODINO PREMERGER NOTIFICATION

LOS ANGELES - May 21, 2001 - On May 18, 2001, Northrop Grumman Corporation
(NYSE: NOC) filed notification with the U.S. Department of Justice and the
Federal Trade Commission of its intention to acquire Newport News Shipbuilding,
in compliance with the premerger notification requirements of the Hart-Scott-
Rodino Antitrust Improvements Act of 1976.

Northrop Grumman announced on May 9, 2001, that it had sent a letter to Newport
News Shipbuilding offering to acquire Newport News Shipbuilding and that it
expected to commence an exchange offer shortly.

Northrop Grumman Corporation is a $15 billion global aerospace and defense
company with its worldwide headquarters in Los Angeles. Northrop Grumman
provides technologically advanced, innovative products, services and solutions
in defense and commercial electronics, systems integration, information
technology and non-nuclear shipbuilding and systems. With 80,000 employees and
operations in 44 states and 25 countries, Northrop Grumman serves U.S. and
international military, government and commercial users.

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THIS PRESS RELEASE IS NEITHER AN OFFER TO PURCHASE NOR A SOLICITATION OF AN
OFFER TO SELL SECURITIES. ANY EXCHANGE OFFER WILL BE MADE ONLY THROUGH A
REGISTRATION STATEMENT AND RELATED MATERIALS. INVESTORS AND SECURITY HOLDERS ARE
STRONGLY ADVISED TO READ THE REGISTRATION STATEMENT AND RELATED MATERIALS
REGARDING THE EXCHANGE OFFER REFERRED TO IN THIS PRESS RELEASE, IF AND WHEN SUCH
DOCUMENT IS FILED AND BECOMES AVAILABLE, BECAUSE IT WILL CONTAIN IMPORTANT
INFORMATION.

ANY SUCH REGISTRATION STATEMENT WOULD BE FILED BY NORTHROP GRUMMAN WITH THE
SECURITIES AND EXCHANGE COMMISSION (SEC) AS PART OF A TENDER OFFER STATEMENT.
INVESTORS AND SECURITY HOLDERS MAY OBTAIN A FREE COPY OF THE REGISTRATION
STATEMENT (IF AND WHEN FILED AND AVAILABLE) AND OTHER RELEVANT DOCUMENTS ON THE
SEC'S WEB SITE AT WWW.SEC.GOV. ANY SUCH REGISTRATION STATEMENT AND RELATED
MATERIALS MAY ALSO BE OBTAINED FOR FREE BY DIRECTING SUCH REQUESTS TO NORTHROP
GRUMMAN.
