Northrop Grumman files $2 billion debt, preferred, stock, warrants, units shelf

New York, Jan. 18 - Northrop Grumman Corp. filed a shelf registration for $2 billion of debt securities, preferred stock, common stock, warrants to purchase debt securities and warrants to purchase equity securities, stock purchase contracts and stock purchase units with the Securities and Exchange Commission. The debt securities and preferred stock may be sold as convertibles.

The Los Angeles aerospace and defense company said it would use proceeds for general corporate purposes.

For the nine months to Sept. 30, 2001, Northrop Grumman had an earnings to fixed charge ratio of 2.32 times compared to 5.32 times for the same period a year earlier.

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