August 28, 2014 8:44 PM ET

Aerospace and Defense

Company Overview of DRS Technologies, Inc.

Company Overview

DRS Technologies, Inc. develops, manufactures, and supports integrated a broad range of systems for military forces, intelligence agencies, and prime contractors worldwide. The company focuses on defense technology. It offers imaging and targeting solutions, cyber and information assurance solutions, control systems, communication solutions, intelligence solutions, tactical systems, sonar systems, training solutions, power and environmental systems, avionics systems, C3 and aviation systems, and unmanned systems; and global enterprise, tactical communications and network, maritime and security, signal, and commercial nuclear services. The company also provides thermal imaging devices, combat...

2345 Crystal Drive

Suite 1000

Arlington, VA 22202

United States

Founded in 1968

Phone:

703-412-9128

Fax:

703-416-8010

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 C4I Group
President of Aviation
Age: 63
Compensation as of Fiscal Year 2014.

DRS Technologies, Inc. Key Developments

DRS Technologies, Inc. wins $175 Million Contract for Halvorsen Aircraft Loader/Transporter Overhaul Program for U.S. Air Force

DRS Technologies, Inc. announced that it will provide logistics support to the U.S. Air Force's Halvorsen 25K Aircraft Cargo Loaders around the globe. The Air Force awarded DRS Sustainment Systems, Inc. a ten-year IDIQ contract valued at more than $175 million for depot-level overhaul, program engineering support and parts management in support of the aircraft cargo loader. The Halvorsen is a highly versatile cargo loader and handler with a maximum payload capacity of 25,000 pounds of either palletized or rolling-stock cargo. The loader interfaces with all commercial and military cargo aircraft and can be airlifted by C-17, C-5 and C-130 aircraft or surface shipped via rail or flatbed truck. Currently 443 U.S. Air Force Halvorsens are operating at over 160 locations world-wide. The work will be performed at DRS's Sustainment Systems' West Plains, Missouri manufacturing facility where the company is currently overhauling numerous Tunner systems for the Air Force.

BAE Systems, DRS Technologies and Alereon, Inc. to Develop New Night-Vision Weapon Sights and Head-Mounted Goggles for U.S. Army

The U.S. Army has selected BAE Systems and DRS Technologies to develop new night-vision weapon sights and head-mounted goggles. Alereon supplies both vendors with Ultra-WideBand (UWB) radio technology that connects the weapon sight and goggles via a high-speed, difficult-to-detect link that carries real-time video and sensor data. The contracts, worth $800 million dollars, were awarded by the Army Contracting Command after a five-company "bake-off" for development of Family of Weapon Sights-Individual (FWS-I) and Enhanced Night Vision Goggle III (ENVG III) solutions for the military. The combination of FWS-I and ENVG III allows soldiers to operate more efficiently at night or from behind cover, improving soldier lethality, effectiveness and survivability. The wireless component provided by Alereon eliminates the wire between the weapon sight and goggle, reducing weight and avoiding snag hazards. Alereon will work with DRS and BAE to satisfy orders over the next five years.

DRS Technologies Wins IDIQ Contract to Deliver Communications and Transmission Services to U.S. Army

DRS Technologies announced that its Aviation, Communications and Homeland Security business group will be supporting U.S. Army battlefield operations around the world by providing satellite and terrestrial communications capabilities. DRS has been awarded access to an indefinite delivery/indefinite quantity (IDIQ) contract to provide communications and transmission systems as part of a five-year contract.

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