DRS Technologies Wins $21M Navy Contracts
September 1, 2006
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)
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