DRS Technologies Names Peter A. Nitze as Vice President, Operations.

Business Editors

PARSIPPANY, N.J.--(BUSINESS WIRE)--May 26, 2004

DRS Technologies, Inc. (NYSE:DRS) announced today that Peter A. Nitze has joined the company's headquarters office as vice president, operations.

In this new position, Mr. Nitze will support management at the group, business and company unit levels in assessing and realigning their manufacturing, supply chain, quality and other critical resources to accomplish DRS's strategic objectives. A key element of this effort will be the targeted deployment of advanced process improvement techniques, including Six Sigma, Lean Manufacturing and the Balanced Scorecard approach. Mr. Nitze will report to Paul G. Casner, the company's executive vice president and chief operating officer.

"We are pleased to welcome Peter Nitze, whose operational insight and experience will be a valuable addition to our corporate management team," said Paul G. Casner, the company's executive vice president and chief operating officer. "His extensive knowledge of global operations management and organizational and process improvement will be significant in helping DRS achieve its strategic goals."

Mr. Nitze has over 15 years of progressive operations and general management experience and an extensive background in restructuring organizations and processes to improve performance in small, medium and Fortune 50 companies operating in a global environment. Since 2002, Mr. Nitze served as chief operating officer of Regulatory DataCorp, a start-up risk management services firm formed by The Goldman Sachs Group (NYSE:GS), where he was responsible for managing all aspects of the company's operations and technology functions.

Prior to that, he held various senior management positions at Honeywell International (NYSE:HON), formerly AlliedSignal, Inc., including general manager of the Opto-electronic Communications Systems Venture and director of global operations for the company's Amorphous Metals Division, a leading manufacturer of amorphous metal foil and components used in electrical and electronic applications. In the latter role, his responsibilities included managing all production, supply chain and information technology activities for several manufacturing facilities in the U.S., India and China. He began his tenure at AlliedSignal at the Electronic Systems strategic business unit, a supplier of avionics, precision guidance devices and sensor systems for aerospace applications, where he led the implementation of an integrated enterprise resource planning (ERP) system across its multi-site aerospace business.

Before joining AlliedSignal, Mr. Nitze served as vice president of operations for the Elastimold business unit of Thomas & Betts Corporation (NYSE:TNB), where he managed all production, purchasing and planning activities for two facilities. He began his career at General Electric Company (NYSE:GE), where he worked in finance, graduating from its Financial Management Program.

Mr. Nitze earned a Bachelor's degree with honors from Harvard University and two Master's degrees in industrial engineering and manufacturing systems engineering from Stanford University, the latter under a fellowship from the Stanford Integrated Manufacturing Association.

DRS Technologies, headquartered in Parsippany, New Jersey, provides leading edge products and services to defense, government intelligence and commercial customers. Focused on defense technology, DRS develops and manufactures a broad range of mission critical systems. The company employs 5,800 people worldwide.

For more information about DRS Technologies, please visit the company's web site at www.drs.com.