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DRS to Build Common Display Systems for US Navy

DRS logoDRS Laurel Technologies (NYSE: DRS) has won a potential $96.3 million contract to produce common display systems for the U.S. Navy.

Work will occur in Johnstown, Pennsylvania, through April 2016 under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Friday.

The technology is intended for installation in Navy surface ships and is being planned for use in U.S. Marine Corps operations and Navy aircraft and submarines.

The Navy received two offers for the contract through a solicitation via the Internet.

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