Northrop Grumman Corporation

We refer to the email from the ISDA DC Secretary dated June 10, 2011. Pursuant to a plan to spin off its shipbuilding business, on March 30, 2011, the Reference Entity merged into Titan Merger Sub Inc., and changed its name to Tital II Inc. In connection with this spin off, New P, Inc., succeeded to substantially all of the debt of the Reference Entity, and changed its name to Northrop Grumman Corporation. http://media.corporate-ir.net/media_files/IROL/11/112386/HII_Information_Statement.pdf http://www.sec.gov/Archives/edgar/data/1133421/000095012311032455/v59140e8vk.htm