OREANDA-NEWS. The board of directors of Northrop Grumman Corporation (NYSE: NOC) declared a quarterly dividend of \$0.80 per share on Northrop Grumman common stock, a 14 percent increase from the prior quarterly dividend of \$0.70 per share. This is the 12th consecutive annual increase in Northrop Grumman's common stock dividend. The dividend is payable June 17, 2015, to shareholders of record as of the close of business June 1, 2015.

"We continue to execute a capital deployment strategy that calls for returning cash to shareholders through a competitive dividend and share repurchases. Today's 14 percent dividend increase supports that approach. We are on track to complete our 60 million share repurchase goal this year, market conditions permitting. Returning cash to shareholders continues to be a core element of our value creation strategy," said

Wes Bush, chairman, chief executive officer and president.

Northrop Grumman is a leading global security company providing innovative systems, products and solutions in unmanned systems, cyber, C4ISR, and logistics and modernization to government and commercial customers worldwide.