DRS Agrees to Acquire Soneticom

(Parsippany, NJ., May 21, 2009) -- DRS Technologies, Inc., announced today that, through a subsidiary, it has entered into an agreement to purchase all of the outstanding stock of Soneticom, Inc.

Soneticom, a privately-held business located in West Melbourne, Florida, is a leading provider of precision geolocation systems and communications products.

Mark S. Newman, Chairman and Chief Executive Officer of DRS Technologies, stated "I am confident that the addition of Soneticom will not only expand our product portfolio, but will also contribute greatly to our future growth in the intelligence systems business. I look forward to the many opportunities that will result from this transaction."

Tim Reynolds, President and CEO of Soneticom, Inc. added that "The combination of DRS and Soneticom will set new industry benchmarks in precision geolocation and expand the innovative signal solutions provided to our combined customers. We look forward to being part of the DRS team."

Soneticom focuses on solutions for precision geolocation supporting the growing defense, homeland security, and spectrum management markets. The company also brings with it expertise in communications systems, applications development and product engineering. Soneticom's current customers include both governmental and commercial entities.

"The products offered by Soneticom are highly complementary to our core intelligence systems business. They can be employed in communications intelligence (COMINT), electronic warfare (EW) and radio spectrum management applications," said Richard Danforth, President of the DRS Defense Solutions Group. "Soneticom has a strong lineage of customer relationships, a growing installed base of products, and an established position in growing markets."

Source : DRS Technologies Inc., A Finmeccanica Company (Milan: FNC.MI) - click here for more information