Tag Archives: DRS Technologies

DRS Wins $391M for Air Force Cargo Logistics

A DRS Technologies business unit has won a $391 million contract to help manage aircraft cargo loaders for the U.S. Air Force at more than 80 locations worldwide. DRS Sustainment Systems Inc. won the contract through a competitive acquisition, through which the Air Force received two offers, the Defense Department …

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DRS Wins $200M to Service Coast Guard C-130s; Don Davis Comments

DRS Technologies has won a potential $200 million contract to continue refurbishing and maintaining the U.S. Coast Guard‘s C-130 planes for at least one year. The contract includes four option years for maintenance, repair and overhaul services, DRS said Wednesday. DRS’ team has provided MRO services for the Coast Guard’s …

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Steven Cortese Named DRS Washington Operations EVP; William Lynn Comments

Steven Cortese, a senior vice president at ATK (NYSE: ATK), has joined DRS Technologies as executive vice president for Washington operations. Cortese will serve as senior manager of the company’s relationships with U.S. Defense Department and federal agency customers, international customers and with defense industry business leaders, DRS said Friday. …

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Lockheed, DRS to Engineer Laser Tech Systems for DARPA

Lockheed Martin (NYSE: LMT) and DRS Technologies have won contracts to engineer laser systems aimed at detecting light and illuminating targets for the Defense Advanced Research Projects Agency. DARPA intends for the Laser Radar Technology program to create new imaging systems that find targets and help unmanned ground vehicles and …

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DRS Wins $134M For Thermal Sight Tech, Security Services

DRS Technologies has won two indefinite-delivery/indefinite-quantity contracts worth up to $134 million, according to an announcement from Finmeccanica, DRS’ Italy-based parent company. DRS received a potential $40 million contract from the U.S. Defense Department to manufacture spot on target long-range day and night thermal sight equipment for the military. The company …

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DRS to Restructure, Relocate Corporate Functions; William Lynn Comments

DRS Technologies announced it is restructuring into three operations groups and will enter a proxy agreement with the Defense Security Service. DRS, a Finmeccanica subsidiary, said the agreement will allow DRS and its subsidiaries to compete for classified contracts and access classified information as a unified entity. DRS will also …

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Boeing Awards DRS Intel Broadcast Receiver Contract

DRS Defense Solutions has won a contract from Boeing Co. (NYSE: BA) to install a intelligence broadcast receiver onto refueling tanker planes, the company announced Thursday. Seattle-based Boeing awarded the contract through its defense, space and security business unit. Rockville, Md.-based DRS Defense Solutions will provide the Intelligence Broadcast Receiver Block …

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DRS Announces $69M Army Tank Rack Module Contract Win

DRS Technologies won a $68, 692, 480 million U.S. Army contract for tank rack modules, DRS announced Friday. The Parsippany, N.J.-based company said the modules are for the Army’s modular fuel system. Each tank rack module stores 2, 500 gallons of fuel and can be transported to the field as …

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William Lynn Confirmed to be New DRS CEO

Italian aerospace and defense group Finmeccanica has confirmed that former Deputy Defense Secretary William Lynn has joined its DRS Technologies subsidiary as chairman and CEO. The company announced Lynn will succeed current Chairman and CEO Mark Newman, who is retiring. Prior to joining DRS, Lynn served as deputy defense secretary …

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Report: Former Deputy Defense Sec. Lynn to Lead DRS Technologies

Italian aerospace and defense group Finmeccanica is expected to appoint former Deputy Defense Secretary William Lynn as chairman and CEO of its DRS Technologies subsidiary, Defense News reports. If appointed, Lynn would replace Mark Newman, DRS’ chairman and CEO since 1995. Lynn would play a wide role in overseeing Finmeccanica’s U.S.-based …

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