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-----BEGIN PRIVACY-ENHANCED MESSAGE-----Proc-Type: 2001,MIC-CLEAROriginator-Name: [email protected]: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQABMIC-Info: RSA-MD5,RSA, C1EiX0TASiFeucXAawXVeO5IkXULL4FGE7u/jAs2qBDr1OVzLWUFWc5QODYU58AD +RakRhbiseKLmLaB+nVfYQ==
0001047469-03-008170.txt : 200303100001047469-03-008170.hdr.sgml : 2003031020030310112600ACCESSION NUMBER:0001047469-03-008170CONFORMED SUBMISSION TYPE:8-KPUBLIC DOCUMENT COUNT:54CONFORMED PERIOD OF REPORT:20030310ITEM INFORMATION:Regulation FD DisclosureFILED AS OF DATE:20030310
FILER:
COMPANY DATA:COMPANY CONFORMED NAME:DRS TECHNOLOGIES INCCENTRAL INDEX KEY:0000028630STANDARD INDUSTRIAL CLASSIFICATION:SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]IRS NUMBER:132632319STATE OF INCORPORATION:DEFISCAL YEAR END:0331
FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:001-08533FILM NUMBER:03597375
BUSINESS ADDRESS:STREET 1:3RD FLOORSTREET 2:5 SYLVAN WAYCITY:PARSIPPANYSTATE:NJZIP:07054BUSINESS PHONE:9738981500
MAIL ADDRESS:STREET 1:16 THORNTON RDCITY:OAKLANDSTATE:NJZIP:07436
FORMER COMPANY:FORMER CONFORMED NAME:DIAGNOSTIC RETRIEVAL SYSTEMS INCDATE OF NAME CHANGE:19920703
8-K1a2105267z8-k.htm8-K
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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): March10, 2003
DRS TECHNOLOGIES,INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction
of incorporation)1-8533
(Commission
File Number)13-2632319
(IRSEmployer
IdentificationNo.)
5 Sylvan Way, Parsippany, New Jersey 07054
(Address of principal executive offices)
(973)898-1500
(Registrant's telephone number, including area code)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c)Exhibits
Exhibit No.
Description
99.1Slide presentation prepared for March 10, 2003 meeting with analysts and investors, discussing DRS Technologies, Inc.'s historical financial results, forecasts, strategic plans, and other business information.
ITEM 9. REGULATION FD DISCLOSURE
On March10, 2003, DRS Technologies,Inc. (DRS or the Company) will make a presentation to analysts and investors. The presentation will discussDRS's historical financial results, forecasts, strategic plans, and other business information. The slides that the Company will use in the presentation are attached to this Current Report onForm8-K as Exhibit99.1.
Theinformation in this Current Report on Form8-K is furnished pursuant to Item 9 and shall not be deemed to be "filed" for the purposes of Section18 of theSecurities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. This current report on Form8-K will not be deemed an admission as to themateriality of any information in the report that is required to be disclosed solely by Regulation FD.
Theslide presentation contains forward-looking information, within the meaning of Section27A of the Securities Act of 1933 and Section21E of the Securities Exchange Actof 1934, as amended, that is based on DRS management's beliefs and assumptions, current expectations, estimates and projections.Such information, including information relating to the Company's expectations for future financial performance, is not considered historical facts and is considered forward-looking information underthe federal securities laws. This information may contain words such as "believes," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions. This information is not aguarantee of the Company's future performance and is subject to risks, uncertainties and other important factors that could cause the Company's actual performance or achievements to differ materiallyfrom those expressed or implied by this forward-looking information and include, without limitation, demand and competition for the Company's products and other risks or uncertainties detailed in theCompany's Securities and Exchange Commission filings. Given these uncertainties, you should not rely on forward-looking information. All of the information in the presentation is prepared as ofMarch10, 2003, and DRS does not assume any obligation to update such information in the future, whether as a result of new information, future events or otherwise.
SIGNATURES
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 undersignedhererunto duly authorized.
DRS TECHNOLOGIES,INC. Registrant
Date:
March10, 2003
/s/RICHARD A. SCHNEIDER Richard A. Schneider
Executive Vice President, Chief FinancialOfficer
2
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SIGNATURES
EX-99.13a2105267zex-99_1.htmEXHIBIT 99.1
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DRS TECHNOLOGIES, INC.
Corporate Presentation
March10,2003
Safe Harbor
This presentation contains forward-looking information, within the meaning of Section27A of the Securities Act of 1933 andSection21E of the Securities Exchange Act of 1934, as amended, that is based on management's beliefs and assumptions, current expectations, estimates and projections. Such information,including information relating to the Company's expectations for future financial performance, is not considered historical facts and is considered forward-looking information under the federalsecurities laws. This information may contain words such as "believes," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions. This information is not a guarantee of theCompany's future performance and is subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to differ materially from those expressed orimplied by this forward-looking information and include, without limitation, demand and competition for the Company's products and other risks or uncertainties detailed in the Company's Securities andExchange Commission filings. Given these uncertainties, you should not rely on forward-looking information. The Company undertakes no obligations to update any forward-looking information, whether asa result of new information, future events or otherwise.
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DRS Technologies:
Who We Are
How We Are Growing
3
DRS Technologies:
Who We Are
4
DRS Technologies
A Dynamic Mid-Tier
Defense Technology Leader
Founded November1968
Traded on New York Stock Exchange (symbol: DRS)
FY2003* revenues: $655-665million
Current run rate: >$800million
3,700 employees worldwide
* Company guidance
5
Geographic Diversity
6
Management Team
CorporateOrganization
7
Management Team
OperationsOrganization
8
Areas of Expertise
Command& Control
Tactical Workstations
Rugged Computers&
Peripherals
Display Software
Power Distribution&
Control Systems
Ship PropulsionSurveillance
Electro-Optic Systems
Thermal Imaging Systems
IR Detectors
Radar and Sonar Systems
UAV Systems
Communications
Shipboard Systems
Data Links
Secure Voice
Signal Intelligence
Avionics
Mission Recorders
Flight Recorders
High-Speed Cameras
Weapons Alignment
Flight Controls
9
Platform Applications
10
A Record of Growth
($ millions)
*Companyguidance; CAGR excludes FY2003 and FY2004
11
A Record of Growth
($ millions)
DRS has experienced strong growth in revenue and operating profit over the past five years.
RevenueOperating Profit
*Companyguidance; CAGR excludes FY2003 and FY2004
12
Backlog
($millions)
DRS calculates backlog using only funded amounts.
Funded BacklogFunded Backlog
At December 31, 2002
Fiscal Year Ended March 31,
13
FY04* Revenue Composition
New Business
CHS-3
FMC
TWS
DVE
ITSS
FCS
ENVG
FEP
DD(X)
LCS
Deepwater
TISS
CVN
OFW
JSF
Existing portfolio drives FY04 revenues.
New business pipeline is healthy.
*Estimated
14
Revenues by Direct Customer
FY04*
*Estimated
15
FY04* Revenue by Contract Type
*Estimated
16
Business Organization
Electronic Systems Group (ESG)