DRS Technologies receives $4.3 million contract from the U.S. Army for aircraft boresight equipment.

PARSIPPANY, N.J.--(BUSINESS WIRE)--May 12, 1997--DRS Technologies, Inc. (ASE:DRS) announced today that it has been awarded, through its DRS Photronics Inc. subsidiary in Hauppauge, N.Y., a contract valued at approximately $4.3 million from the U.S. Army's Aviation and Troop Command (ATCOM) to provide Multiple Platform Boresight Equipment (MPBE) for use with AH-1F Cobra helicopters.

These systems will be used by the U.S. Army National Guard and the Aviation Classified Repair Depots.

The MPBE system is a portable, ground-support device that aligns an aircraft's navigation, targeting and weapon systems with the pilot's sighting gear to ensure accuracy in securing targets. This system will allow the Army to boresight the AH-1F Cobra helicopter, as it does the Marine Corps AH-1W Cobra, with the same common equipment. In addition to its deployment on the Army and the Marine Corps Cobra, DRS' MPBE system also is used on the Army's AH-64A Apache and Apache Longbow helicopters, the Air Force's AC-130U gunship, the Cobra helicopters of Taiwan, and the Cobra and Apache helicopters of other allied countries through previously awarded U.S. foreign military sales programs.

Mark S. Newman, chairman, president and chief executive officer of DRS, commented: "The MPBE system provides our military combat aircraft customers with an important, common boresight system capability, significantly reducing procurement costs, maintenance costs and aircraft down time. This unique system contributes to improved weapons performance, while eliminating the need for new product development and customized solutions. Its versatility for multiple-aircraft, tri-service application demonstrates DRS' continuing leadership position in electro-optical alignment technology and our commitment to actively support the growing weapon sighting systems market."

DRS' Multiple Platform Boresight Equipment incorporates the company's proprietary Triaxial Measurement System (TMS) -- a single-beam, laser-based, electro-optical device that provides simultaneous and continuous measurement for sighting systems on three axes. The core technology of TMS is the foundation of DRS' strategy to develop boresight products with commonality across multiple platforms. The unique technology of the MPBE is being considered for domestic and international fixed-wing aircraft, such as the F-16, F-15, F-14, AV-8B and F/A-18, as well as other rotary-wing aircraft.

DRS Technologies is a diversified, high-technology company serving government and commercial niche markets worldwide. The company develops and manufacturers 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, 201/898-1500

or

Kehoe, White, Savage & Co., New York

John P. Kehoe/Van Negris, 212/888-1616