DRS Technologies Receives $17.4 Million In New Orders For U.S. Navy Computer Workstations.

Business & Technology Editors

PARSIPPANY, N.J.--(BUSINESS WIRE)--Aug. 23, 2000

DRS Technologies, Inc. (ASE: DRS) announced today that its Electronic Systems Group has been awarded several new orders with a combined value of approximately $17.4 million to manufacture and provide engineering services for the U.S. Navy's AN/UYQ-70 Advanced Display Systems.

The awards were received from the company's industry teammate Lockheed Martin (NYSE: LMT) Naval Electronics & Surveillance Systems - Tactical Systems in Eagan, Minnesota.

For these contracts, the company will produce AN/UYQ-70 computer workstations and peripheral equipment slated for U.S. Navy Aegis class ships, carriers, aircraft and submarines. Production of these next-generation, Commercial Off-The-Shelf (COTS)-based systems will be accomplished by the company's DRS Laurel Technologies unit in Johnstown, Pennsylvania. Engineering services to support submarine upgrade programs, which include life-cycle support products and improvements for existing UYQ-70 display systems and peripherals, will be provided by the company's DRS Electronic Systems unit in Gaithersburg, Maryland.

Mark S. Newman, DRS Technologies' chairman, president and chief executive officer, commented, "The UYQ-70 Advanced Display Systems are the cornerstones in the modernization of the Navy's network-centric tactical warfare environment for sea, land and airborne applications. These latest orders highlight our key role on this program and enhance our reputation as a leading supplier of naval combat display systems."

The AN/UYQ-70 workstations are being installed throughout the U.S. Navy's surface, subsurface and air fleet, including its E-2C Hawkeye aircraft, the new Virginia - more - class NSSN New Attack Submarines and the USS Los Angeles class SSN 688 Attack Submarines, as well as the Aegis and LHA class surface ships. The systems also are planned for retrofit on the Ticonderoga, Nimitz and San Antonio class ships. The Aegis class destroyers are known as the most powerful surface combatants ever put to sea. The LHA class amphibious assault ships provide support for the Navy's mobile, forward projection and deployment initiative.

The AN/UYQ-70 team provides workstations that incorporate the latest information processing and display technology and are becoming the Navy's common computer display consoles. For the AN/UYQ-70 program, DRS is manufacturing a family of display workstations that integrate the latest commercial computing technology and systems for combat, command and control, and mission essential applications. One of the first combat systems implemented with an openly designed architecture, the UYQ-70 supports the common operating environment being implemented in surface, subsurface, land and airborne military platforms. Its design provides the most flexible display and computing infrastructure available to allow the Navy and other Department of Defense customers to accommodate new combat system development or the upgrade of existing systems. The UYQ-70 workstations provide benefits throughout the systems' life cycle, including low cost of ownership, improved maintainability, faster technology insertion, smooth integration with legacy systems, and adaptability to new environments.

DRS Technologies provides leading edge products and services to government and commercial customers worldwide. Focused on defense electronics, the company develops and manufactures a broad range of mission critical products, from rugged computers and peripherals to systems and components in the areas of communications, data storage, digital imaging, electro-optics, flight safety and space.

Additional information is available on the company's web site at www.drs.com.