New Jersey High-Tech Hall of Fame : Inductees

2005 High-Tech Business Leader Category

Mark S. Newman is Chairman of the Board, President and Chief Executive Officer of DRS Technologies, Inc. He joined the Company in 1973, four years after its founding, and became President and CEO in 1994, after serving many years as the Company’s Chief Financial Officer. He was named a director in 1988, and in 1995, was elected Chairman of the Board.

Under Mr. Newman's leadership, DRS has become an established market leader on several of the most important 21st century military platforms and holds a key position in the markets it serves. The Company has grown from a small specialty electronics supplier to a highly diversified defense technology provider with annual revenues exceeding $1 billion. DRS is well positioned as one of the fastest growing defense technology companies in the world.

Mr. Newman is active with many important professional organizations. He is a member of the Board of Governors of the Aerospace Industries Association (AIA), a director of Business Executives for National Security (BENS), the Commerce and Industry Association of New Jersey (CIANJ) and the New Jersey Technology Council (NJTC) and is past Chairman of the Board of Directors of the American Electronics Association (AEA) for 2004. He also serves as a member of the Navy League of the United States, the National Defense Industrial Association, the Association of the U.S. Army, and the Surface Navy Association, among other professional affiliations.

Mr. Newman is a director on the board of directors of Congoleum Corporation, Opticare Health Systems, REFAC Technology, Inc. and SSG Precision Optronics, Inc. He also serves as chair of the audit committees of the boards of Congoleum Corporation and Opticare Health Systems.

Mr. Newman earned a Bachelor’s degree in economics from the State University of New York at Binghamton and a Master’s of Business Administration degree in financial management from Pace University. He is also a Certified Public Accountant.