Drs Technologies Inc News

DRS Technologies, Inc. announced it has been awarded a contract by the U.S. Coast Guard (USCG) to continue its maintenance, repair and overhaul work at the U.S. Coast Guard Aviation Logistics Center in Elizabeth City, North Carolina. Under the contract, DRS’s Technical Services group will continue to provide maintenance, repair and overhaul (MRO) services to Coast Guard C-130 aircraft for one year with yearly options to extend up to an additional four years. If all of the options are exercised by the Coast Guard, the contract could be worth up to $200 million. For more than three years, DRS’s top-of-the-line MRO facility in Elizabeth City, North Carolina has been servicing the Coast Guard’s C-130 fleet and ensuring the aircraft are kept mission-ready.

DRS Technologies, Inc. announced today that it received a $22.3m contract from the U.S. Naval Sea Systems Command to design, produce and deliver Repair Station Console systems for the DDG Modernization Backfit program. The development and installation of these systems will automate and integrate shipboard damage control communications which increase the survivability of battle-damaged ships. The Indefinite Delivery /Indefinite Quantity contract calls for a potential delivery of 20 ship sets that will be installed as part of the achinery Control System. In addition, DRS will provide up to 10 training sets for the Land Based Engineering Site in . The production of these systems will take place at DRS's C3 Systems Strategic Business Unit manufacturing facility in .

DRS Technologies, Inc. has been awarded a contract to continue to design advanced propulsion steam turbines for the U.S. Navy's next-generation CVN-78 class of aircraft carriers. The $5.6 million award was received by DRS from Dresser-Rand Company in Wellsville, New York, a unit of Ingersoll-Rand Company Limited (NYSE:IR). The design effort for this contract will be performed by the company's DRS Power Technology unit in Fitchburg, Massachusetts. The main propulsion turbines to be manufactured by Dresser-Rand will be delivered to Northrop Grumman Newport News, in Newport, Virginia, by 2008. "DRS is a key supplier of power systems to the U.S.

DRS Technologies Inc. has won a $7m contract from Daewoo Shipbuilding & Marine Engineering Co. to provide a high-speed network to expand communications on a Korean destroyer. DRS already outfitted another Korean destroyer with the same technology under a contract previously awarded by the Special & Naval Shipbuilding Division of Hyundai Heavy Industries Co. The Buffalo, N.Y.-based division of DRS is expected to complete the work by May 2010. The company will manufacture, install and test the network to insure communications between the legacy systems and the latest commercial off-the-shelf-based systems. Source: Business Week

DRS Technologies Inc. has been awarded several new contracts with a combined value of approximately $21m to design and produce power and control equipment for next-generation surface ships for the U.S. Navy. The ships include the new DDG-1000 Zumwalt class, formerly known as the DD(X), the Littoral Combat Ship and the CVN-78 aircraft carrier, as well as existing classes of Navy combatant surface ships and submarines. The company's DRS Power & Control Technologies unit in Milwaukee, Wisc., and in Danbury, Conn., and DRS Power Technology unit in Fitchburg and Hudson, Mass., will perform all work associated with these contracts. Work for these contracts has already started and will continue through September 2011. (Source: The Business Journal)

Defense contractor DRS Technologies Inc. received contracts worth $18.3m to manufacture parts to be used in Navy ships. The contracts, awarded by a subsidiary of defense contractor General Dynamics Corp., are for fan coil assemblies and units to be used in air conditioning systems on guided-missile destroyers. Work for these orders will be performed by the company's DRS Marlo Coil unit in High Ridge, Mo. DRS said it plans to begin work on the contracts in 2008 and continue through 2016. (Source: MSN)

DRS Technologies, Inc. has received several contracts with a total value of $47 million to provide power electronics and control equipment for several U.S. Navy combatant ship classes currently under construction and to provide advanced design work for the Navy's next-generation DD(X) destroyer and CVN(X) aircraft carrier programs. The contracts were awarded by various U.S. Navy shipyards, defense industry prime contractors and original equipment manufacturers (OEMs). For these awards, the company's DRS Power & Control Technologies unit in Milwaukee, Wisconsin and Danbury, Connecticut, will provide more than 1,000 electrical cabinets…