May 20, 2013 1:53 PM ET

Aerospace and Defense

Company Overview of DRS Technologies, Inc.

Company Overview

DRS Technologies, Inc. develops, manufactures, supplies, and supports a range of systems for military forces, intelligence agencies, and prime contractors worldwide. It offers imaging and targeting solutions, cyber and information assurance solutions, control systems, communication solutions, intelligence solutions, tactical systems, sonar systems, training solutions, chemical/biological decontamination systems, water and fuel distribution systems, heavy equipment transport systems, electronic warfare training/threat emitter solutions, power and environmental systems, avionics systems, C3 and aviation systems, and unmanned systems; global enterprise, tactical communications and network, mari...

Detailed Description

5 Sylvan Way

Parsippany, NJ 07054

United States

Founded in 1968

10,200 Employees

Phone:

973-898-1500

Fax:

973-898-4730

www.drs.com

Key Executives for DRS Technologies, Inc.

Chairman and Chief Executive Officer
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
President of DRS Integrated Defense Systems and Services Group
President of C4I Group
Compensation as of Fiscal Year 2012.

DRS Technologies, Inc. Key Developments

DRS Technologies, Inc. Wins Coast Guard Contract to Continue C-130 Maintenance, Repair and Overhaul in Elizabeth City, NC

DRS Technologies, Inc. announced it has been awarded a contract by the U.S. Coast Guard (USCG) to continue its maintenance, repair and overhaul work at the U.S. Coast Guard Aviation Logistics Center in Elizabeth City, North Carolina. Under the contract, DRS's Technical Services group will continue to provide maintenance, repair and overhaul (MRO) services to Coast Guard C-130 aircraft for one year with yearly options to extend up to an additional four years. If all of the options are exercised by the Coast Guard, the contract could be worth up to $200 million. For more than three years, DRS's top-of-the-line MRO facility in Elizabeth City, North Carolina has been servicing the Coast Guard's C-130 fleet and ensuring the aircraft are kept mission-ready. The DRS North Carolina site includes two modern aircraft modification, repair and overhaul facilities, each over 100,000 square feet.

DRS Technologies, Inc. Gets Contract to Provide the U.S. Army with Target Location and Designation Systems

DRS Technologies, Inc. announced that it has been awarded a $15.5 million contract by the U.S. Army for an advanced targeting system. The cost-plus-fixed-fee, incrementally-funded contract by the U.S. Army Contracting Command, Aberdeen, MD is for the Engineering and Manufacturing Development phase of the Joint Effects Targeting System (JETS) Target Location and Designation System (TLDS). The management, design and manufacture of these prototype systems will be performed at DRS facilities in Dallas, Texas and Melbourne, Florida with an estimated completion date in March 2016. Systems delivered as part of the JETS program will provide the dismounted Forward Observer and Joint Terminal Attack Controller the ability to acquire, locate and mark for precision Global Positioning System-guided and laser-guided munitions. The TLDS component of this system will provide the dismounted Forward Observer with a common and light-weight handheld precision targeting capability.

DRS Technologies, Inc. Launches Compact, Power Saving 32 Channel HF Switch Matrix

DRS Technologies, Inc. announced that it has released the latest generation high-performance switch matrix, a module that connects electronic signal inputs and outputs, such as an antenna to a receiver. Dubbed the SI-9332, the switch matrix is packaged in compact, lightweight, low power design. Its chassis uses only one-tenth of the rack space of comparable units, weighs less than 18 pounds, and consumes less than 130 watts of power. Developed by the DRS Signal Solutions business, the 'non-blocking' 32 x 32 switch matrix allows up to 32 High Frequency inputs to be connected to 32 outputs.

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