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Tag Archives: DRS Technologies

Report: Finmeccanica Plans Sale of $224M in DRS Assets

Finmeccanica w border

Finmeccanica is looking to divest approximately $224 million worth of assets in DRS Technologies this year, Defense News reported Tuesday. Tom Kington writes Finmeccanica announced the divestment plan as the Italian conglomerate unveiled a revised earnings guidance and an industrial strategic plan. Last summer, Mauro Moretti, Finmeccanica CEO, said he ...

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Navy Adds CGI, DRS Units to Consolidated Shipboard Networks Contract

U.S. Navy photo

The U.S. Navy has awarded CGI (NYSE: GIB) and DRS Technologies business segments positions on an eight-year, $2.5 billion contract to provide production units of the Consolidated Afloat Networks and Enterprise Services system. The Defense Department said Thursday that CGI Federal and DRS Laurel Technologies can compete for task orders under the indefinite-delivery/indefinite-quantity contract alongside ...

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Jim Scott Named DRS Aviation, Comms & HS Group President

DRS logo

Jim Scott, a 10-year veteran of DRS Technologies, has been appointed to lead the company’s aviation, communications and homeland security business unit as president. He most recently held the vice president and general manager roles within the global enterprise solutions group and has led support work for several U.S. military ...

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Logen Thiran Joins ARA as President, CEO; Pradeep Wahi Comments

Logen Thiran

Logen Thiran, formerly a business unit president at DRS Technologies, has joined ARA as president and CEO to succeed Pradeep Wahi, who continues to serve as chairman of the board. ARA said Thiran joins the company as it seeks to align its product base and research and development projects with demand in international and domestic markets for radio frequency products. “[These] are exciting times ...

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William Lynn: Navy to Buy DRS C2 Hardware for Carriers, Amphibious Ships

William Lynn

DRS Technologies has received a $31.8 million contract from the U.S. Navy to provide command-and-control hardware for Ship Self-Defense System Mark 2 systems installed on amphibious assault ships and aircraft carriers. The company said Wednesday the indefinite-delivery/indefinite-quantity contract covers production, testing and shipping of hardware products such as interface devices and peripheral systems. William Lynn, chief executive of DRS ...

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DRS Wins $175M for Air Force Halvorsen Aircraft Logistics Work; Joseph Matteoni Comments

DRS Technologies has won a 10-year, $175 million contract to perform depot-level overhaul, parts management and program engineering services for the U.S. Air Force‘s Halvorsen 25K Aircraft Cargo Loaders. Joseph Matteoni, vice president of the DRS Sustainment Systems business, said Wednesday that the company also provides logistics support for the Air Force’s Tunner program. Work under ...

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BAE Systems, DRS Technologies Win Army Contracts for Night-Vision Technology

night vision

BAE Systems and DRS Technologies have been selected by the U.S. Army to develop new night-vision weapon sight technology and head-worn goggles, Military & Aerosapce reported Thursday. The Family of Weapon Sights-Individual and Enhanced Night Vision Goggle III contracts were awarded by the Army Contracting Command as a follow-on to previous ENVG contracts, John Keller writes. The FWS-I weapon sights ...

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Sally Wallace Named DRS C4ISR Group President; William Lynn Comments

Sally Wallace

Sally Wallace, formerly vice president of operations for the maritime and combat systems business of DRS Technologies, has been named president of the Finmeccanica subsidiary’s C4ISR business group. She will oversee DRS’ intelligence, computing, networking and sensor fusion businesses, DRS said Wednesday. William Lynn, CEO of DRS and Finmeccanica North America, ...

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