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Filed by Northrop Grumman Corporation
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14 d-2
of the Securities Exchange Act of 1934
Subject Company: Comptek Research, Inc.
Commission File Number: 333-40862
The following text is of a press release issued by Northrop Grumman Corporation
on August 14, 2000
Comptek Reseach, Inc. security holders should read the Tender Offer Statement
filed with the Securities and Exchange Commission because it contains important
information. Investors may get the Tender Offer Statement and other filed
documents at no charge at the Securities and Exchange Commission's web site
(www.sec.gov)
Northrop Grumman Contact: Jim Taft (310) 201-3335
Comptek Research Contact: Christopher Head (716) 677-4070
For Immediate Release
NORTHROP GRUMMAN, COMPTEK RESEARCH CONFIRM
TRADING PERIOD TO DETERMINE STOCK EXCHANGE RATIO
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LOS ANGELES -- Aug. 14, 2000 -- Northrop Grumman Corporation (NYSE: NOC)
and Comptek Research Inc. (AMEX: CTK) confirmed today that the 20-day trading
period that will be used to determine the exchange ratio in Northrop Grumman's
pending exchange offer for all of Comptek Research's outstanding shares will end
two business days before the offer expires.
The offer is currently scheduled to expire on Aug. 23, 2000 at midnight
E.D.T. Unless the offer is extended, the exchange ratio will be based on the
average closing price of Northrop Grumman's common stock for the 20 trading days
ending Aug. 21, 2000.
At the close of business on Aug. 11, 2000, 2,387,382 shares of the
6,223,094 shares of Comptek Research common stock outstanding as of May 31, 2000
had been validly tendered and not withdrawn pursuant to the offer.
Requests for assistance or for copies of the offer materials should be
directed to the information agent for the offer, Georgeson Shareholder
Communications Inc., at 800-223-2064.
Northrop Grumman Corporation, headquartered in Los Angeles, is a world-
class, high technology company providing innovative solutions in systems
integration, defense electronics
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and information technology for its U.S. and international military, government
and commercial customers, as a prime contractor, principal subcontractor, team
member or preferred supplier. The company had revenues of $7.6 billion in 1999
and has a workforce of approximately 36,000 employees. Northrop Grumman had
69,910,595 shares outstanding on June 30, 2000.
Comptek Research Inc., with offices and subsidiary locations in the United
States, is a domestic and international supplier of technically advanced
electronics and data communications systems to government and industry. For its
fiscal year ended March 31, 2000, Comptek Research reported sales of $145
million. Comptek Research currently has approximately 1,200 employees.
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