Search Results for: drs

DRS Lands Potential $367M Army Contract for Night-Vision, Thermal Sights Tech

DRS Technologies will provide an integrated night-vision goggle and thermal weapon sight system to the U.S. Army under a potential $367 million indefinite-delivery/indefinite-quantity contract. The company said Friday the Army awarded the contract to support the Enhanced Night Vision Goggle III and Family of Weapon Sights – Individual programs. According to DRS, the integrated technology …

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DRS Awarded 3 Contracts for Naval Vessels Work

TYSONS CORNER, VA August 12, 2015 — DRS Technologies (NYSE: DRS) has been awarded three contracts worth $170 million to provide various services on naval vessels, ExecutiveBiz reported Tuesday. The first is a Lockheed Martin (NYSE: LMT) subcontract to provide missile launch parts for the Navy’s MK41 Vertical Launching System, the second …

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Financial Times: Finmeccanica Halts DRS Sale Plan

Finmeccanica no longer plans to sell its DRS Technologies subsidiary as the Italian defense and industrial conglomerate holds a positive outlook in the defense sector for the rest of this year, Financial Times reported Sunday. Peggy Hollinger writes Finmeccanica also is not searching for a U.S. partner to purchase a stake in DRS but …

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DRS to Build Common Display Systems for US Navy

DRS 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 …

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Navy Chooses DRS Secure Voice System for Aegis Ships

TYSONS CORNER, VA April 20, 2015 — Executive Mosaic — ExecutiveBiz reported Friday on DRS Technologies receiving a $55 million contract to install integrated voice communications systems on the U.S. Navy’s fleet of Aegis cruisers and destroyers. DRS said Wednesday the contract provides the company with the opportunity to upgrade …

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General Dynamics Selects DRS Surveillance System for Canadian LAV 6.0

TYSONS CORNER, VA April 17, 2015 — Executive Mosaic — ExecutiveBiz reported Thursday on General Dynamics (NYSE: GD) picking DRS Technologies’ (NYSE: DRS) surveillance system for installation on the Canadian army’s light armored vehicles. DRS said Tuesday the eight-year contract worth $100 million includes mast-mount long-range surveillance suites,  operator control stations and program engineering …

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DRS to Develop, Integrate Electronic Parts into US Navy Submarines; Roger Sexauer Comments

DRS Technologies (NYSE: DRS) has been awarded a more than $384 million contract to develop and integrate electronic equipment into the U.S. Navy’s 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, …

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DRS Lands Potential $440M in Navy Submarine Electronic, Comm Tech IDIQs

DRS Technologies will build new electronic equipment and update voice communications systems on U.S. Navy vessels under two contracts worth up to $440 million combined. The Finmeccanica subsidiary said Wednesday one of those indefinite-delivery/indefinite-quantity contracts it signed with the Navy will move the company into a prime contractor role with the service …

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SRA’s Bill Ballhaus Inducted Into Wash100 for Leadrship in Gov’t Services

Executive Mosaic, Tysons Corner, VA March 16, 2015 – Bill Ballhaus, president and CEO of SRA International, has been elected to Executive Mosaic’s Wash100 list of the most influential leaders in GovCon for his leadership of the company in the government services market during 2014. The Wash100 is the premier group of …

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Reuters: Finmeccanica Taps US Investment Bank to Help Offer DRS Pieces for Sale

U.S. investment bank Jefferies Group LLC will send out invitations next week in an effort to seek out potential offers for selected business units of U.S. defense contractor DRS Technologies, Reuters reported Tuesday. Pamela Barbaglia and Mike Stone report that Italian conglomerate Finmeccanica, DRS’ owners, have identified its aviation and logistics …

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