EXHIBIT 21 Allied Research Corporation LIST OF SUBSIDIARIES - -------------------------------------------------------------------------------- 1. ARC Europe, S.A., a Belgian Corporation Wholly-owned and majority owned Belgian subsidiaries of ARC Europe S.A. A. Mecar S.A. B. Sedachim, S.I. C. VSK Electronics N.V. (1) Belgian Automation Units, N.V (2) I.D.C.S., N.V. (3) Vigitec S.A. (4) Tele Technique Generale, S.A. 2. Allied Research Corporation Limited, a U.K. Corporation 3. Energa Corporation 4. News/Sports Microwave Rental, Inc.