-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L5T4l29unF46dW7r1jzyLc7VuHYMe58y81PErfJQa6rNOi9KGpsW9TSq8Lw4rH9B oEEb0feYV29LVAIQOpF1EQ== 0001104659-07-005786.txt : 20070130 0001104659-07-005786.hdr.sgml : 20070130 20070130164325 ACCESSION NUMBER: 0001104659-07-005786 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061002 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070130 DATE AS OF CHANGE: 20070130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DRS TECHNOLOGIES INC CENTRAL INDEX KEY: 0000028630 STANDARD INDUSTRIAL CLASSIFICATION: SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812] IRS NUMBER: 132632319 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08533 FILM NUMBER: 07565094 BUSINESS ADDRESS: STREET 1: 3RD FLOOR STREET 2: 5 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 BUSINESS PHONE: 9738981500 MAIL ADDRESS: STREET 1: 3RD FLOOR STREET 2: 5 SYLVAN WAY CITY: PARSIPPANY STATE: NJ ZIP: 07054 FORMER COMPANY: FORMER CONFORMED NAME: DIAGNOSTIC RETRIEVAL SYSTEMS INC DATE OF NAME CHANGE: 19920703 8-K 1 a07-2981_18k.htm 8-K

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to section 13 or 15(d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of Earliest Event Reported):  January 30, 2007 (October 2, 2006)

 

 

DRS TECHNOLOGIES, INC.

(Exact name of registrant as specified in its charter)

 

 

Delaware

 

001-08533

 

13-2632319

(State or other jurisdiction of

 

(Commission

 

(IRS Employer

incorporation or organization)

 

File Number)

 

Identification Number)

 

5 Sylvan Way, Parsippany, New Jersey 07054

(Address of principal executive offices)

(973) 898-1500

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 


 

 




 

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION

ITEM 7.01. REGULATION FD DISCLOSURE

On October 2, 2006, the Company implemented a new organizational operating structure that realigned its previously existing three operating segments, the Command, Control, Communications, Computer and Intelligence Group, the Surveillance & Reconnaissance Group and the Sustainment Systems & Services Group, into four operating segments. The four operating segments are the Command, Control, Communications, Computers and Intelligence (C4I) Segment, the Reconnaissance, Surveillance & Target Acquisition (RSTA) Segment, the Sustainment Systems (SS) Segment and the Technical Services (TS) Segment.  All other operations, primarily our Corporate Headquarters, are grouped in Other.

Exhibit 99.1 presents certain unaudited prior-period operating segment data reclassified to reflect the new operating segment structure in effect as of October 2, 2006.

The information being furnished in this Current Report on Form 8-K (including the exhibits hereto) shall not be considered “filed” under the Securities Exchange Act of 1934, as amended, nor shall it be incorporated by reference into future filings by the Company under the Securities Act of 1933, as amended, or under the Securities Exchange Act of 1934, as amended, unless the Company expressly sets forth in such future filing that such information is to be considered “filed” or incorporated by reference therein.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

The following is included as an exhibit to this report:

Exhibit No.

 

Description

99.1

 

DRS Technologies, Inc. Reclassified (Unaudited) Segment Data for Fiscal Years Ended March 31, 2005 and 2006 and Quarters Ended June 30, 2005 and 2006 and September 30, 2005 and 2006.




 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

DRS TECHNOLOGIES, INC.

 

 

 

 

 

 

Date: January 30, 2007

By:

/s/ Richard A. Schneider

 

 

Name:

Richard A. Schneider

 

 

Title:

Executive Vice President,

 

 

 

Chief Financial Officer




 

INDEX TO EXHIBITS

Exhibit No.

 

Description

99.1

 

DRS Technologies, Inc. Reclassified (Unaudited) Segment Data for Fiscal Years Ended March 31, 2005 and 2006 and Quarters Ended June 30, 2005 and 2006 and September 30, 2005 and 2006.

 



EX-99.1 2 a07-2981_1ex99d1.htm EX-99.1

 

Exhibit 99.1

 

DRS Technologies, Inc. and Subsidiaries
Reclassified Segment Data for Previous Periods (Unaudited)
($ in Millions)

 

 

 

 

 

 

Three Months Ended

 

 

 

Fiscal Year Ended March 31,

 

June 30,

 

September 30,

 

 

 

2005

 

2006

 

2005

 

2006

 

2005

 

2006

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

C4I Segment1

 

$

975.1

 

$

1,123.1

 

$

256.4

 

$

270.3

 

$

263.6

 

$

273.4

 

RSTA Segment2

 

333.5

 

444.4

 

82.1

 

116.6

 

98.3

 

146.7

 

TS Segment3

 

 

98.6

 

 

156.8

 

 

193.6

 

SS Segment4

 

 

69.4

 

 

86.6

 

 

97.8

 

Other

 

 

 

 

 

 

 

Consolidated

 

$

1,308.6

 

$

1,735.5

 

$

338.5

 

$

630.3

 

$

361.9

 

$

711.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Income

 

 

 

 

 

 

 

 

 

 

 

 

 

C4I Segment

 

$

96.6

 

$

125.9

 

$

26.5

 

$

27.7

 

$

26.7

 

$

32.7

 

RSTA Segment

 

46.8

 

54.5

 

8.8

 

13.0

 

14.1

 

12.8

 

TS Segment

 

 

6.8

 

 

13.3

 

 

11.9

 

SS Segment

 

 

8.3

 

 

11.4

 

 

13.2

 

Other

 

(0.3

)

(2.8

)

(0.2

)

(0.4

)

(2.2

)

1.3

 

Consolidated

 

$

143.1

 

$

192.7

 

$

35.1

 

$

65.0

 

$

38.6

 

$

71.9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Bookings

 

 

 

 

 

 

 

 

 

 

 

 

 

C4I Segment

 

$

992.4

 

$

1,240.8

 

$

353.1

 

$

345.4

 

$

323.7

 

$

312.3

 

RSTA Segment

 

440.6

 

745.5

 

167.4

 

157.0

 

274.3

 

205.6

 

TS Segment

 

 

79.0

 

 

196.9

 

 

276.7

 

SS Segment

 

 

107.6

 

 

82.8

 

 

120.6

 

Other

 

 

 

 

 

 

 

Consolidated

 

$

1,433.0

 

$

2,172.9

 

$

520.5

 

$

782.1

 

$

598.0

 

$

915.2

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Backlog

 

 

 

 

 

 

 

 

 

 

 

 

 

C4I Segment

 

$

882.9

 

$

1,006.5

 

$

986.4

 

$

1,076.5

 

$

1,048.9

 

$

1,093.3

 

RSTA Segment

 

431.9

 

713.6

 

512.0

 

752.9

 

683.1

 

799.3

 

TS Segment

 

 

297.7

 

 

352.9

 

 

435.9

 

SS Segment

 

 

378.3

 

 

378.1

 

 

401.3

 

Other

 

 

 

 

 

 

 

Consolidated

 

$

1,314.8

 

$

2,396.1

 

$

1,498.4

 

$

2,560.4

 

$

1,732.0

 

$

2,729.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


1 Command, Control, Communications, Computers & Intelligence Segment

2 Reconnaissance, Surveillance & Target Acquisition Segment

3 Technical Services Segment

4 Sustainment Systems Segment



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