DRS Technologies will build new electronic equipment and update voice communications systemsÂ on U.S. Navy vessels under two contracts worth up to $440 million combined.
The Finmeccanica subsidiary said Wednesday one of thoseÂ indefinite-delivery/indefinite-quantity contracts it signed with the Navy will move the company into a prime contractor role with the service branch.
That contract, worth up to $384 million, covers work to develop, produce and integrate electronic equipment used to update systems on submarines.
A second contract, worth up to $55 million, is for modernization of voice communications systems on cruisers and destroyers with the AEGIS weapon system.
DRS also announced it signed a potential eight-year, $100 million contract with General Dynamics‘ (NYSE: GD) land systems business in Canada to produce surveillance systems for the Canadian Army’s LAV 6.0 armored vehicles.
Canada’s army ordered the mast-mounted surveillance suites and related services as part of itsÂ Light Armoured Vehicle â Reconnaissance Surveillance System project.