Exhibit 99.1

 DRS Technologies Announces Plans for Annual Meeting Of Stockholders


    PARSIPPANY, N.J.--(BUSINESS WIRE)--July 24, 2003--DRS
Technologies, Inc. (NYSE: DRS) announced today that its Annual Meeting
of Stockholders (Meeting) will be held at The Penn Club of New York,
The Spruce Room, 30 West 44th Street, New York, New York, on
Wednesday, August 6, 2003. Although the company's Notice of Annual
Meeting of Stockholders, dated June 24, 2003, indicates the Meeting
will be convened at 10:00 a.m. local time, the company expects the
business of the Meeting will commence at 11:00 a.m. EDT on such date.

    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, battlefield digitization,
electro-optics, power systems, 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.


    CONTACT: DRS Technologies, Inc.
             Patricia M. Williamson, 973-898-1500