DRS Technologies to Provide Internet Broadcast of Conference Call On Second Quarter Financial Results.

Business Editors

PARSIPPANY, N.J.--(BUSINESS WIRE)--Oct. 29, 2001

DRS Technologies, Inc. (AMEX: DRS) today announced that its earnings conference call with analysts and the investment community on the financial results of the company's fiscal 2002 second quarter and first six months will be broadcast live over the Internet on Tuesday, November 6, 2001 at:

        10:00 a.m. EST
         9:00 a.m. CST
         8:00 a.m. MST
         7:00 a.m. PST

DRS Technologies' chairman, president and chief executive officer Mark S. Newman, executive vice president, chief financial officer and treasurer Richard A. Schneider, and vice president, corporate communications/investor relations Patricia M. Williamson, will host the call.

Listeners can access the webcast at DRS's site on page http://www.drs.com/investor/index.html or at CCBN's institutional investor site at http://www.streetevents.com, individual investor center at http://www.companyboardroom.com or by visiting any sites in the CCBN network, such as America Online's Personal Finance Channel, Yahoo Finance and others. An archive of this webcast will be available at these web sites for approximately 30 days beginning November 6, 2001 one hour after the call ends.

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 systems and components in the areas of communications, combat systems, rugged computers, electro-optics, data storage, digital imaging, flight safety and space.

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