DRS Technologies Awarded $16 Million Contract From The U.S. Navy For Combat Display Emulators.

PARSIPPANY, N.J.--(BUSINESS WIRE)--Sept. 17, 1997--DRS Technologies Inc. (ASE:DRS) announced today that it has been competitively awarded, through its DRS Electronics Systems Inc. subsidiary in Gaithersburg, Md., a contract with a maximum value of $16 million from the U.S. Navy to provide engineering development, training and technical support services for Combat Display Emulators.

Funding from the Navy will be released over the next five-year period to meet system upgrade requirements.

DRS's Combat Display Emulators are Commercial Off-The-Shelf (COTS)-based systems that use advanced, low-cost display and data processing technology that simulates the functionality of the U.S. Navy's existing shipboard tactical display consoles. Operationally identical to the Navy's newest shipboard systems, they meet the Navy's requirement's for operator training and testing, but at significantly reduced costs - typically half to one-third that of equipment built to military specifications.

DRS's Combat Display Emulators are designed using commercially designed cabinets that possess a similar appearance as the ship-installed consoles and provide an important budgeting advantage to military installations that develop applications, train personnel and engage in surveillance operations. These systems are used primarily at Navy shore facilities, such as laboratories, aircraft tracking sites, training sites and other land-based installations.

Mark S. Newman, chairman, president and chief executive officer of DRS Technologies, commented, "The receipt of this competitively awarded contract reflects our long-term experience in the development, production and system integration of COTS display systems, as well as our reputation for successfully developing and delivering one of the most versatile, cost-effective and high-performance workstation product lines for Navy tactical training requirements. DRS remains committed to providing technologically current, high-quality display system solutions for a variety of U.S. defense missions."

The open-architecture and COTS-based design of DRS's display workstations meet or exceed the critical performance, reliability and long-term support requirements of the company's government customers. Workstations from product lines developed and manufactured by the company are used on board military platforms and at military bases for a variety of sea, air and land applications.

DRS Technologies is a diversified, high-technology company serving government and commercial niche markets worldwide. The company develops and manufactures a variety of leading edge systems and components used for the processing, display and storage of data. DRS provides its customers with a broad range of products, including electronic sensor, electronic imaging and electro-optical systems, and offers a full complement of technical support services. The company's defense electronics products serve all branches of the armed forces. Its commercial and industrial products are used mainly by the airline, banking, computer disk drive, security, transportation, retail sales and broadcast industries.

CONTACT: DRS Technologies Inc, Parsippany

Patricia M. Williamson, 973/898-1500