DRS Technologies, Inc. (NYSE: DRS) announced today that the company´s joint presentation with Finmeccanica S.p.A. (FNC.MI) at the ANdAZ Hotel, formerly the Great Eastern Hotel, in London, U.K., will be broadcast live over the Internet. The joint presentation will follow the presentation by Finmeccanica´s management of their first half financial results, which will begin at 9:00 a.m. U.K. time (4:00 a.m. EDT) and end at 11:00 a.m. U.K. time (6:00 a.m. EDT) on Thursday, July 31, 2008.
Mark S. Newman, DRS´s chairman, president and chief executive officer, and Richard A. Schneider, DRS´s executive vice president and chief financial officer, will join Pier F. Guarguaglini, chairman and chief executive officer of Finmeccanica, and Alessandro Pansa, co–general manager and chief financial officer of Finmeccanica, to provide an update on Finmeccanica´s acquisition of DRS, expected to close during the fourth quarter of 2008.
Listeners can access the webcast at DRS´s web site on page http://ir.drs.com or at Finmeccanica´s web site at http://www.finmeccanica.com in the investor relations section. An archive of this webcast will be available at these web sites later the same day and for the next 90 days.
Headquartered in Italy, Finmeccanica is a leading global high–tech company with core competencies in the design and manufacture of helicopters, civil and military aircraft, aero structures, satellites, space infrastructure, missiles, defense electronics and security. The company is listed on the Milan stock exchange and operates throughout the world. It employs more than 60,000 people worldwide and 10,000 in the United Kingdom. Finmeccanica North America employs more than 2,100 employees at 32 sites. For more information about Finmeccanica, visit www.finmeccanica.com.
DRS Technologies, headquartered in Parsippany, New Jersey, is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The company employs approximately 10,500 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.
ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT: DRS intends to file with the U.S. Securities and Exchange Commission a proxy statement to stockholders of DRS and other relevant documents in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF DRS ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FINMECCANICA, DRS AND THE PROPOSED TRANSACTION. Investors and security holders may obtain a free copy of these materials (when they are available) and other documents filed with the U.S. Securities and Exchange Commission at the U.S. Securities and Exchange Commission´s web site at http://www.sec.gov. A free copy of the proxy statement, when it becomes available, also may be obtained from DRS Technologies, 5 Sylvan Way, Parsippany, N.J. 07054, Attention: Investor Relations. Investors and security holders may access copies of the documents filed with the U.S. Securities and Exchange Commission by DRS on its web site at http://ir.drs.com.
PARTICIPANTS IN SOLICITATION: Finmeccanica, DRS and their respective executive officers and directors may be deemed to be participants in the solicitation of proxies from their respective stockholders with respect to the proposed transaction. Information regarding DRS´ directors and executive officers is available in its proxy statement filed with the U.S. Securities and Exchange Commission by DRS on July 3, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained the proxy statement and other relevant materials to be filed with the U.S. Securities and Exchange Commission when they become available.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This communication is not an offer for sale of any securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Finmeccanica has not registered and does not intend to register any portion of any offering of securities in the United States or to conduct a public offering of any securities in the United States.
