UNITED STATES
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) May 17, 2002
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DRS Technologies, Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-8533 13-2632319
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
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
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 5. OTHER EVENTS.
DRS Technologies, Inc. has amended its insider trading policy to
allow directors and officers of the Company to effect sales of the
Company's securities under SEC Rule 10b5-1. Under this rule, directors and
officers may adopt a prearranged contract, instructions or written plan
arranging for the sale of Company securities on specified conditions and
times when they are not in possession of material nonpublic information
that insiders receive.
The Company anticipates that, as permitted by Rule 10b5-1 and the
Company's amended insider trading policy, some or all of the executive
officers and directors may establish trading plans at some date in the
future.
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.
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(Registrant)
Date: May 22, 2002 By: /s/ Richard A. Schneider
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Name: Richard A. Schneider
Title: Executive Vice President,
Chief Financial Officer