Exhibit 99.1

DRS Technologies Completes Acquisition of Integrated Defense
Technologies

    PARSIPPANY, N.J.--(BUSINESS WIRE)--Nov. 4, 2003--DRS Technologies,
Inc. (NYSE: DRS) announced today that it has completed its acquisition
of Integrated Defense Technologies, Inc. (IDT). In the transaction, a
wholly-owned subsidiary of DRS was merged with IDT. The transaction
was completed following the approval by a majority of IDT's
stockholders at a special meeting held earlier today. The acquisition
is expected to add immediate earnings accretion to DRS.
    Each share of IDT common stock was converted in the merger into
the right to receive a combination of $12.25 in cash and 0.2027 of a
share of DRS common stock, or approximately $17.29 per IDT share,
based on the closing price of DRS's common stock on November 3, 2003.
The cash portion of the acquisition, together with the net debt of
IDT, aggregated approximately $436 million at closing. Total
consideration for the acquisition, including approximately $175
million of IDT's net debt that was refinanced at closing, was
approximately $543 million before transaction expenses.
    DRS financed the acquisition by utilizing existing excess cash on
hand, bank borrowings in the form of a $236 million amended and
restated credit facility, and the issuance of 6.875 percent senior
subordinated notes due 2013 in an aggregate principal amount of $350
million.
    "The addition of IDT is a milestone achievement in the
implementation of our business strategy, extensively diversifying our
product base and expanding our customer relationships," said Mark S.
Newman, DRS Technologies' chairman, president and chief executive
officer. "This transaction has enhanced our content on key U.S. Army
and Navy weapons programs, contributed a significant new base of U.S.
Air Force programs and greatly expanded DRS's intelligence agency
business, creating a formidable, defense electronics industry
competitor. We look forward to integrating this new operation with DRS
and to building stockholder value by fully leveraging the strengths
and synergies this combination offers."
    Wachovia Securities served as financial advisor to DRS on the
transaction. Bear, Stearns & Co. Inc. served as financial advisor to
IDT on the transaction.
    DRS Technologies, headquartered in Parsippany, New Jersey,
provides leading edge products and services to defense, government
intelligence and commercial customers worldwide. Focused on defense
electronics, DRS develops and manufactures a broad range of mission
critical systems. The company employs 5,700 people worldwide.
    For more information about DRS Technologies, please visit the
company's web site at www.drs.com.

    SAFE HARBOR: This press release contains forward-looking
statements, within the meaning of Section 27A of the Securities Act of
1933, as amended, and Section 21E of the Securities Exchange Act of
1934, as amended, that are based on management's beliefs and
assumptions, current expectations, estimates and projections. Such
statements, including statements relating to DRS Technologies' and
Integrated Defense Technologies' expectations for future financial
performance, are not considered historical facts and are considered
forward-looking statements under the federal securities laws. These
statements may contain words such as "believes," "anticipates,"
"plans," "expects," "intends," "estimates" or similar expressions.
These statements are not guarantees of the companies' future
performance and are subject to risks, uncertainties and other
important factors that could cause actual performance or achievements
to differ materially from those expressed or implied by these
forward-looking statements and include, without limitation, demand and
competition for such companies' products and other risks or
uncertainties detailed in such companies' Securities and Exchange
Commission filings. Given these uncertainties, you should not rely on
forward-looking statements. The companies undertake no obligations to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.

    Wachovia Securities is the trade name for the corporate and
investment banking services of Wachovia Corporation and its
subsidiaries, including Wachovia Capital Markets, LLC (WCM), member
NYSE, NASD, SIPC.

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