DRS Technologies Issues Statement

DRS Technologies, Inc. (NYSE: DRS) today said in a statement that it is

engaged in discussions contemplating a potential strategic transaction

involving the company. There is no assurance that any agreement will be

reached, and the company will have no further comment at this time.
DRS Technologies, headquartered in Parsippany, New Jersey, is a leading

supplier of integrated products, services and support to military

forces, government agencies and prime contractors worldwide. The company

employs approximately 10,000 people.
For more information about DRS Technologies, please visit the company´s

web site at www.drs.com.
SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM

ACT OF 1995: This press release contains forward-looking statements

within the meaning of Section 27A of the Securities Act of 1933, as

amended, and Section 21E of the Securities Exchange Act of 1934, as

amended, that are based on management´s beliefs and assumptions, current

expectations, estimates and projections. Such statements, including

statements relating to DRS Technologies´ expectations for future financial performance, are not considered

historical facts and are considered forward-looking statements under the

federal securities laws. These statements may contain words such as "may," "will," "intend," "plan," "project," "expect," "anticipate," "could," "should," "would," "believe," "estimate," "contemplate," "possible" or

similar expressions. These statements are not guarantees of the Company´s

future performance and are subject to risks, uncertainties and other

important factors that could cause actual performance or achievements to

differ materially from those expressed or implied by these

forward-looking statements and include, without limitation, demand and

competition for the Company´s products and

other risks or uncertainties detailed in the Company´s

Securities and Exchange Commission filings. Given these uncertainties

you should not rely on forward looking statements. Such forward-looking

statements speak only as of the date on which they were made, and the

Company undertakes no obligations to update any forward-looking

statements, whether as a result of new information, future events or

otherwise.