DRS Wins $339M Army Contract to Build Handheld Joint Targeting System

DRS logoDRS Technologies has won a potential five-year, $339.3 million contract from the U.S. Army to support the military service’s Joint Effects Targeting System initiative.

The Army Contracting Command received two offers for the firm-fixed-price contract and will determine performance location with each order, the Defense Department said Thursday.

DRS is scheduled to complete work by Sept. 21, 2021.

The JETS Target Location Designation System is an Army-led joint project with the U.S. Air Force and Marine Corps and will be designed to help military users acquire, locate and engage targets with precision-guided munitions.

DRS and BAE Systems were selected as contractors under the engineering and manufacturing development phase of the JETS program and competed for the production contract through a restricted competition.

You may also be interested in...

Gil Dussek CEO Gunnison Consulting Group

Gunnison Buys Federal IT Service Management Firm G2SF; Gil Dussek Quoted

Gunnison Consulting Group has acquired Global Solutions & Services Frameworks for an undisclosed sum to expand its information technology service management, mobile computing and cybersecurity capabilities in the federal government services market. “This deal aligns with our modernization strategy and we remain focused on improving critical government programs, while driving long-term innovation to meet evolving customer demands," said Gunnison CEO Gil Dussek.

Telos

Cybersecurity Firm Telos Launches IPO

Telos (Nasdaq: TLS) targeted to raise approximately $254M from the Ashburn, Virginia-based cybersecurity company's initial public offering Thursday, offering 15M shares of common stock with pricing at $17 each.