Home / Contract Awards / DRS Wins $134M For Thermal Sight Tech, Security Services

DRS Wins $134M For Thermal Sight Tech, Security Services

DRS Technologies has won two indefinite-delivery/indefinite-quantity contracts worth up to $134 million, according to an announcement from Finmeccanica, DRS’ Italy-based parent company.

DRS received a potential $40 million contract from the U.S. Defense Department to manufacture spot on target long-range day and night thermal sight equipment for the military.

The company also received a potential $94 million contract to provide the Navy‘s Space and Naval Warfare Systems Command command with electronic security services.

DRS is restructuring into three operating groups and plans to enter a proxy agreement with the Defense Security Service, allowing DRS and its subsidiaries to compete for classified contracts.

The agreement would also allow the company to access classified information as a unified entity.

Check Also

GovConIndexUP

May 31 Morning Report: GovCon Index, Major US Markets Post Gains

The GovCon Index closed Friday with a 0.395-percent gain, climbing 0.309 points to 78.504. CSRA (NYSE: CSRA) …

GovConIndexUP

May 27 Market Close: GovCon Index Ends the Week in the Positive

The GovCon Index closed up 0.309 points to 78.504 with CSRA (NYSE: CSRA) rebounding from the …

Subscribe to our Newsletter
I will subscribe later