Northrop Grumman Becomes J.P. Morgan’s Largest Private Sector T&E Card Customer

NEW YORK, July 9, 2009 – J. P. Morgan today announced that Northrop Grumman Corporation (NYSE: NOC), a leading global security company, has selected J.P. Morgan as the issuer of its travel and entertainment (T&E) commercial credit card. Northrop Grumman is now J.P. Morgan’s largest private sector T&E card customer in terms of number of cardholders and annual volume of spending.

“J.P. Morgan has been a leading provider of corporate card solutions for more than twenty years, offering innovative payment solutions supported by our proprietary technology platform and dedication to outstanding customer experience,” said Eduardo Vergara, global commercial card executive, J.P. Morgan. “We are honored that we have been selected to provide such services to one of the world’s leading companies.”

J.P. Morgan’s corporate card programs are supported by PaymentNet, an online tool that provides companies with greater visibility, reporting capabilities, flexibility and program controls. For example, from one online system, card administrators can order new cards, modify spending limits, instantly adjust cardholder profiles and monitor corporate compliance. Users also have access to more than 70 standard reports that provide the transaction detail needed, including vendor analysis, unusual activity analysis, hotel spending, car rental spending, and delinquency reports. In addition, cardholders can view their statements and authorizations in real-time.

For additional information on J.P. Morgan’s commercial card solutions, visit www.jpmorgan.com/commercialcard. For a free report on “Controlling and Cutting Travel & Entertainment Costs”, visit www.jpmorgan.com/visit/cuttravelcosts/.