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Tag Archives: DRS Technologies

Terry DeRosa Promoted to IAP CEO; Robert Hargis Named COO

Terry DeRosa, formerly chief financial officer of IAP Worldwide Services, has been promoted to CEO at the Cape Canaveral, Florida-based government services contractor. IAP said Thursday DeRosa held the CFO role over the past three years and led the company’s expansion and stabilization efforts as part of a company-wide reorganization in 2014. …

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George Krivo Promoted to DynCorp CEO

George Krivo, chief operating officer of DynCorp International since October 2016, has been promoted to CEO at the McLean, Virginia-based government services contractor, effective immediately. DynCorp said Friday Krivo is a nine-year company veteran who previously oversaw profit-and-loss account for the firm’s contingency operations, operations and maintenance and intelligence and training functions. He …

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IMI Awarded Potential $450M Israel Munition Supply Contract

IMI Systems has secured a potential seven-year, $450 million contract to provide munitions to Israel’s infantry and armor units, Defense News reported Monday. Barbara Opall Rome writes that Israel’s defense ministry said the multiyear procurement effort will help the Israeli armed forces to resupply the country’s inventory of weapons systems and support …

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State Dept OKs $1.75B Sale of P-8A Patrol Aircraft, Support to Norway

The State Department has approved Norway’s request to buy Boeing-built (NYSE: BA) P-8A patrol aircraft and associated support under a $1.75 billion foreign military sales agreement  with the U.S. government. Norway asked to purchase up to five P-8A aircraft with commercial engines, tactical open mission software, electro-optical and infrared MX-20HD, AN/AAQ-2(V)1 acoustic …

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HDT Global Buys DRS Environmental Systems in Ground Support Portfolio Expansion Strategy

Solon, Ohio-based expeditionary shelter systems provider HDT Global has purchased the assets of DRS Environmental Systems for an undisclosed sum in a push to expand the former’s mobile aircraft ground platforms, environmental control units and mobile enclosure product offerings. The transaction will allow HDT Global to include two DESI facilities …

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State Dept Clears $1.7B Main Battle Tank Recapitalization Deal for Kuwait

The State Department has approved Kuwait’s request to buy equipment and support services for the recapitalization of 218 General Dynamics-built (NYSE: GD) Abrams M1A2 main battle tanks under a potential $1.7 billion foreign military sales agreement with the U.S. government. The Defense Security Cooperation Agency said Tuesday the deal covers 240 .50 Cal M2A1 machine guns, 480 7.62mm M240 …

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Air Force Picks 16 Firms for $11.4B Fielded Active Weapon Tech Services IDIQ

The U.S. Air Force has awarded positions on a potential seven-year, $11.40 billion contract to 16 companies for support services to the Defense Department‘s fielded active weapon systems. The Air Force Sustainment Center in Oklahoma received 25 offers for the Contract Field Teams indefinite-delivery/indefinite-quantity contract through a competitive procurement,  DoD said Thursday. The CFT …

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BAE, DRS Win Contracts to Produce Weapon Sights Tech for US Army

BAE Systems‘ U.S. subsidiary and DRS Technologies have won separate multiyear contracts worth $384 million and $337.7 million, respectively, to provide crew-served weapon sights systems to the U.S. Army. The military branch received three bids for the procurement program and will provide funds and performance locations upon issuance of each order, the Defense Department said Monday. …

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Army Taps DRS for $400M Joint Assault Bridge Development IDIQ; Joe Matteoni Comments

DRS Technologies has received a potential $400 million contract from the U.S. Army to develop a new Joint Assault Bridge system. DRS’ sustainment systems business unit will oversee the production of the hydraulic bridge launcher and M1A1 chassis assembly as well as system integration work under the indefinite-delivery/indefinite-quantity contract, DRS said …

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General Dynamics, Teammates Plan Training Facility for Canada’s Upcoming Search & Rescue Aircraft

TYSONS CORNER, VA, June 29, 2016 — A subsidiary of General Dynamics (NYSE: GD) in Canada and its partners including Leonardo-Finmeccanica and DRS Technologies plan to construct a training facility in British Columbia to accommodate a potential $3 billion production contract for the C-27J search-and-rescue aircraft, ExecutiveBiz reported Tuesday. DRS said June 22 “Team Spartan” eyes a …

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