July 22, 2014 12:19 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

10,200 Employees

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 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.

DRS Technologies, Inc. Appoints Sally Wallace as President of C4ISR Business Group

DRS Technologies has announced the appointment of Sally A. Wallace as President of the company's C4ISR business group. Wallace, who previously was Vice President of Business Operations for the DRS Maritime & Combat Support Systems business group, is an experienced defense industry executive. She will oversee the DRS intelligence, computing, networking and sensor fusion businesses, including its Tactical Systems and Reconnaissance, Surveillance and Targeting Acquisition business among others.

DRS Technologies Inc. to Supply Energy Storage Modules for U.S. Navy DDG -51 Ships Under Contract Award

DRS Technologies Inc. announced it will be providing electric power support for the U.S. Navy's DDG 51 class ships by designing and building Energy Storage Modules (ESM) that will function as a ship-wide uninterruptable power supply. The initial $17 million contract was awarded by the U.S. Naval Sea Systems Command to DRS's Power and Control Technologies business, a leader in developing and manufacturing products and systems that generate, distribute, convert and control electric power for naval and marine platforms. The contract will include design, engineering and associated support for the energy storage system and includes options which, if exercised, would bring its total value to more than $88 million.

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