Allied Research Names Three New Directors to Board.

Business Editors

VIENNA, Va.--(BUSINESS WIRE)--March 29, 2000

Allied Research Corporation (AMEX: ALR), a diversified defense and commercial electronic security firm, said today that at its regular Board of Directors meeting the Board elected three new members.

Joining the Board are: Mr. Bruce W. Waddell, General Ronald Griffith, U.S. Army (ret.), and General J.H. Binford Peay, III, U. S. Army (ret).

Glenn Yarborough, Chief Executive Officer of Allied Research, said he was "thoroughly delighted with the new additions to the Board. These three new members bring solid backgrounds and top-level management expertise that will bring immediate benefits to Allied Research. I am absolutely pleased that they have all agreed to join our Board and confidant that their presence and counsel will be felt in a most positive way."

Mr. Waddell, 55, is President of the Stonebridge Group, Inc., a privately-held management consulting firm, specializing in providing management counsel to corporations in the area of strategic planning, business development and business unit management. He is a graduate of Cornell University and the University of Toledo College of Law.

General Griffith, 61, retired from the U.S. Army in 1997 as Vice Chief of Staff. He is Executive Vice President and Chief Operating Officer of MPRI, Inc, Alexandria, Virginia. MPRI is a professional services company engaged primarily in military related contracting in the U.S. and international defense markets. The company's business focus is on military matters, to include training, equipping, force design and management, professional development, concepts and doctrine, organizational and operational assistance, quick reaction military contractual support, and democracy transition assistance programs for military forces. He is a 1960 graduate of the University of Georgia, and holds a Master's Degree from Shippensburg State University.

General Peay, 59, was also Vice Chief of Staff, U.S. Army. He retired in 1997 as Commander in Chief, United States Central Command. He is a graduate of the Virginia Military Institute and holds a Master of Arts degree from George Washington University. General Peay is a member of the Board of United Defense L.P., and MPRI. He is also a trustee of the George C. Marshall Foundation, the V.M.I. Foundation and the National Defense University, and is a Senior Fellow for National Security Affairs with the U.S. Chamber of Commerce.

Certain statements contained herein are "Forward Looking" statements as such term is defined in the Private Securities Litigation Reform Act of 1995. Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied. Factors that could cause actual results to differ materially from those expressed or implied include, but are not limited to, those discussed in filings by the Company with the Securities and Exchange Commission.

Allied Research Corporation is a defense and commercial electronic security firm. Its operating units develop and produce ammunition and weapon systems; supply equipment performance upgrades for defense departments worldwide; and design, produce and market sophisticated electronic security and access control systems.