DRS TechnologiesÂ (NYSE: DRS) has been awarded a more than $384 million contract to develop and integrate electronic equipment into the U.S. Navyâs various submarines in a move to modernize the combat control and sonar systems.
The company will produce display, processor and network parts for installation in the SSN 688i, SSBN, SSGN, Seawolf, Virginia class and Royal Australian Navy Collins class submarines, DRS said Monday.
Roger Sexauer, president of the DRS maritime combat support systems business group, said the company intends for the contract to help the Navy prepare for combat and augment the serviceâs shipboard operations and functionality.
DRS will perform work at the companyâs facilities in Pennsylvania, Minnesota and Virginia under the technology insertion hardware program.
The program calls for the production of computer processing and memory hardware, data storage and extraction hardware, input/output interfaces for processing systems, upgrade kits, electronic enclosures and other submarine electronics parts.