DRS Technologies Receives $43 Million in New Contracts to Provide Power Equipment for U.S. Navy Ships and Submarines.

PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it was awarded several new contracts with a combined value of approximately $43 million to design and produce power conversion, distribution and control equipment for next-generation and existing classes of U.S. Navy combatant surface ships and submarines.

The contracts were awarded to DRS by various U.S. Navy shipyards and prime defense contractors. For these orders, DRS will design, manufacture and test advanced instrumentation and control equipment, power distribution components and power conversion equipment for low- and medium-voltage shipboard conventional and nuclear-powered electric plants supporting U.S. Navy combatant submarines and surface ships. Work for these contracts will be performed by the company's DRS Power & Control Technologies unit in Milwaukee, Wisconsin, and Danbury, Connecticut. Work for these contracts has commenced and will continue through March 2007.

"These new contracts support our strategic intent to become a full line supplier of complete shipboard electric power plant systems, including control and distribution equipment and all associated integration and support services for new and updated legacy fleets," said Steven T. Schorer, president of DRS's C4I Group. "The ship propulsion, machinery, power control and distribution systems built by DRS under these and other contracts are vital elements of current and future classes of surface and submarine combatants. As a leading supplier of power systems to the U.S. Navy shipbuilding industry, DRS remains a major participant in shaping the future of the Navy's high-performance integrated electrical systems."

Vital to supporting shipboard propulsion, machinery, power control and low- and medium-voltage distribution systems for current and future classes of Naval ships and submarines, the company's equipment is integral to shipboard electrical distribution and integrates advanced monitoring and control of main propulsion, ship auxiliaries and other equipment across the electric plant.

DRS's equipment will facilitate realization of the U.S. Navy's vision of an electric warship utilizing a common ship power system architecture that can transfer electric power from propulsion and ship service systems to advanced electric weapons, sensors and countermeasures. The company's integrated power systems equipment will provide increased efficiency, reliability and commonality of an electric ship architecture, which will lead to new stealthier hull forms, reduced logistics reliability, enhanced plug-and-play maintainability, larger payload capacity and reduced crew sizes. Development of the electric warship will provide an affordable leap-ahead capability, allowing U.S. Navy forces to maintain technical superiority in the 21st century.

DRS is a leading supplier of high-performance power generation, conversion, electric propulsion and distribution equipment, networks, control systems, tactical displays and specialty nuclear reactor plant instrumentation for the U.S. Navy's combatant fleet and specialized industrial customers. The company has installed equipment on every U.S. Navy combatant ship since World War II, including nuclear-powered and conventionally-powered ships.

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 6,000 people worldwide.

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