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ASTRATEGIC MERGER
DELIVERING COMPELLING VALUETO STOCKHOLDERS

Pier Francesco Guarguaglini

Chairman of the Board and Chief Executive Officer

Finmeccanica SpA

Alessandro Pansa

Chief Financial Officer and Co-General Manager

Finmeccanica SpA

Mark S. Newman

Chairman of the Board, President and Chief Executive Officer

DRS Technologies, Inc.

May 13, 2008

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AGENDA

•Transaction Highlights

•Strategic Rationale

•Introduction to Finmeccanica

•Opportunities for International Expansion

•Transaction Process

•A Win/Win Combination

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SAFE HARBOR

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM
ACT OF 1995: This presentation 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 Finmeccanica’s and DRS 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 the companies’ products and
other risks or uncertainties detailed in DRS’s Securities and Exchange Commission
filings. 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 companies undertake no obligations to update any forward-looking statements,
whether as a result of new information, future events or otherwise.

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TRANSACTION HIGHLIGHTS

Finmeccanica’s Offer$81.00 per DRS share

Consideration100% cash

Enterprise Value$5.2 billion total consideration
Includes:

·$1.2 billion in DRS net debt, following
conversion of $345 million in
convertible notes

Break-up Fees$90 million plus expenses

Expected Closing4Q 2008

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TRANSACTION HIGHLIGHTS

A new chapter in DRS’s 40-year history

·Finmeccanica’s offer a compelling price to DRS’s
stockholders

·Price represents 27% premium to DRS’s closing share
price on May 7, 2008 and 32% premium to DRS’s 30-
day average stock price

·Transaction an excellent fit for both DRS and
Finmeccanica

·Both boards of directors have unanimously approved
the terms of the agreement

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HIGHLY COMPELLING TRANSACTION
BETWEEN 2 INDUSTRY LEADERS

Significant benefits for both DRS and
Finmeccanica

•Strategic fit for 2 companies with proven track records in
U.S. and international defense markets

•Finmeccanica 9th largest defense contractor

•DRS 21st largest defense contractor

•Combination creates a top-tier global defense competitor
with $24 billion in revenues

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TRANSFORMATIONAL TRANSACTION
FOR DRS

Significant benefits for DRS

•Dramatically accelerates DRS’ vision of becoming a top-
tier defense contractor that competes as a prime for
large defense contracts

•Finmeccanica’s resources will give DRS the ability to bid
for significant prime defense contracts

•Finmeccanica’s global presence also will allow DRS
increased access to international markets

•DRS to retain name and operate as autonomous
subsidiary under Special Security Agreement (SSA)

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INTRODUCTION TO FINMECCANICA

•Public holding group of diverse aerospace, defense and
security businesses

•Headquartered in Rome, with major facilities in the U.S.,
U.K. and around the globe

•Trades on Milan Stock Exchange under the symbol FNC

•Over 60,000 employees worldwide

•Over 2,000 employees in 32 U.S. facilities

•Ranked 9th largest defense and security firm in the world

•$21 billion in 2007 revenues

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HIGH IMPACT TRANSACTION FOR
FINMECCANICA

Significant benefits for Finmeccanica

•Finmeccanica immediately gains strong foothold in U.S.
defense market with acquisition of leading U.S. defense
contractor

•Strong opportunities to leverage DRS’s core competencies in
international markets

•Complementary units will create opportunities for expanded
roles in the international defense market, particularly in:

•Land and naval systems

•Mission avionics

•Simulation and training

•Integrated logistics support services

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Kuwait

Border Defense

U.S. & Canada

National Defense &
Homeland Security

South America

National Defense

Africa

Communications
Networks/Infrastructure

South Korea

Border Defense

Japan

National & Border
Defense

U.K.

Ground vehicle &
naval equipment

India

National &
Border Defense

Eastern Europe

National & Border
Defense

Israel, Egypt,
Jordan, Saudi
Arabia, UAE

National &
Border Defense

OPPORTUNITIES FOR
INTERNATIONAL EXPANSION

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TRANSACTION PROCESS

•Subject to approval by DRS stockholders, regulatory
approvals and other closing conditions

•CFIUS and DSS reviews

•Committed financing provided to Finmeccanica by 4
major financial institutions

•Expecting 4Q 2008 closing

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FINANCING

Syndicated Loan Facilities

•Transaction to be initially funded through €3.2 billion Bridge
Bank Financing and cash on hand

Capital Increase

•Capital increase transaction to be carried out in proximity of
merger closing or earlier, at terms to be defined

•42 million share non-rights offering already approved by
General Shareholder Meeting

Non-Strategic Asset Disposals

•Sale of a stake of Ansaldo Energia through IPO, in line with
Finmeccanica’s strategy to gradually lower exposure in non-
core assets

•Divestiture of other assets

Additional Debt

•Allocated against both Finmeccanica and DRS Technologies
cash flow

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A WIN/WIN COMBINATION

•Accelerates DRS’ vision of becoming a top-
tier defense contractor that can compete as
a prime for large contracts

·Firmly establishes Finmeccanica’s position as
a leading contractor in U.S. defense market

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QUESTIONS

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ADDITIONAL INFORMATION

ADDITIONAL INFORMATION ABOUT THE MERGER AND WHERE TO FIND IT: DRS Technologies intends to file with
the U.S. Securities and Exchange Commission a proxy statement to stockholders of DRS Technologies and other
relevant documents in connection with the proposed transaction. INVESTORS AND SECURITY HOLDERS OF DRS
TECHNOLOGIES ARE URGED TO READ THE PROXY STATEMENT AND OTHER RELEVANT MATERIALS IF AND WHEN
THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT FINMECCANICA, DRS
TECHNOLOGIES AND THE PROPOSED TRANSACTION. Investors and security holders may obtain a free copy of these
materials (when they are available) and other documents filed with the U.S. Securities and Exchange Commission at
the U.S. Securities and Exchange Commission’s web site at http://www.sec.gov. A free copy of the proxy statement,
when it becomes available, also may be obtained from DRS Technologies, 5 Sylvan Way, Parsippany, NJ 07054, Attn:
Investor Relations. Investors and security holders may access copies of the documents filed with the U.S. Securities
and Exchange Commission by DRS Technologies on its web site at http://www.drs.com.

PARTICIPANTS IN SOLICITATION: Finmeccanica, DRS Technologies and their respective executive officers and
directors may be deemed to be participants in the solicitation of proxies from their respective stockholders with
respect to the proposed transaction. Information regarding DRS Technologies’ directors and executive officers is
available in its proxy statement filed with the U.S. Securities and Exchange Commission by DRS Technologies on July
3, 2007. Other information regarding the participants in the proxy solicitation and a description of their direct and
indirect interests, by security holdings or otherwise, will be contained the proxy statement and other relevant
materials to be filed with the U.S. Securities and Exchange Commission when they become available.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall
there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made
except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.