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) October 6, 2003
DRS TECHNOLOGIES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-08533 13-2632319
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
5 Sylvan Way, Parsippany, New Jersey 07054
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (973) 898-1500
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None
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(Former Name or Former Address, if Changed Since Last Report)
Item 5. Other Events.
On October 6, 2003, DRS Technologies, Inc. (DRS) issued a press release
announcing that it is planning to offer $200 million of senior subordinated
notes due 2013. DRS intends to use the net proceeds from the offering, together
with a portion of its available cash and initial borrowings under an amended and
restated credit facility, to fund the merger of Integrated Defense Technologies,
Inc. (NYSE: IDE) into a wholly-owned subsidiary of DRS, repay certain of its and
Integrated Defense Technologies' outstanding indebtedness, and pay related fees
and expenses. The offering is subject to market and other customary conditions.
The notes due 2013 will be offered in the United States to qualified
institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as
amended, and outside the United States to non-U.S. persons in reliance on
Regulation S under the Securities Act. The notes have not been registered under
the Securities Act and may not be offered or sold in the United States without
registration or an applicable exemption from the registration requirements.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits.
99.1 Registrant's Press Release, dated October 6, 2003.
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
undersigned hereunto duly authorized.
DRS TECHNOLOGIES, INC.
Dated: October 6, 2003 By: /s/ RICHARD A. SCHNEIDER
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Name: Richard A. Schneider
Title: Executive Vice President,
Chief Financial Officer
EXHIBIT INDEX
Exhibit No. Description
99.1 Registrant's Press Release dated October 6, 2003