DRS Technologies to Offer $575 Million in Senior Notes and Senior Subordinated Notes.

PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) today announced that it is commencing a public offering, subject to market and other conditions, of $325 million aggregate principal amount of senior notes due 2016 and $250 million aggregate principal amount of senior subordinated notes due

The notes are being offered pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. DRS intends to use the net proceeds from the offering to finance its previously announced acquisition of Engineered Support Systems, Inc. (NASDAQ: EASI), to repay certain of Engineered Support Systems' outstanding indebtedness, and to pay related fees and expenses.

Bear, Stearns & Co. Inc. will act as sole book-running manager, and Wachovia Capital Markets, LLC will act as joint lead manager.

Copies of the prospectus and prospectus supplement related to the public offering may be obtained from Bear, Stearns & Co. Inc. by phoning Sabrina Neat at (631) 274-8321.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any notes. Neither the senior notes nor the senior subordinated notes will be sold in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

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.

This news release may contain forward-looking statements, which are subject to certain risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Readers are also directed to consider other risks and uncertainties discussed in documents filed by the Company with the Securities and Exchange Commission. Forward-looking statements can be identified through the use of words such as "may," "will," "intend," "plan," "project," "expect," "anticipate," "could," "should," "would," "believe," "estimate," "contemplate" and "possible." Given these uncertainties, you should not rely on forward-looking statements. Such forward-looking statements speak only as of the date on which they were made, and the Company undertakes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise.