DRS Technologies Awarded $145 Million Contract, Including Options, to Produce Driver Vision Enhancer A-Kits for U.S. Army Vehicles.PARSIPPANY, N.J. -- DRS Technologies DRS Technologies, Inc. (commonly known as DRS; formerly known as Diagnostic/Retrieval Systems, Inc.) is a supplier of defense electronic products and systems to the United States Air Force, Army, Coast Guard, Marine Corps, Navy, aerospace and defense prime , Inc. (NYSE NYSE See: New York Stock Exchange : DRS DRS Drives (street suffix) DRS Dispute Resolution Service DRS Doctorandus DRS Department of Rehabilitative Services DRS Direct Registration System (securities) DRS Department of Rehabilitation Services ) announced today that it has been awarded a new multi-year contract valued at approximately $145 million, including options, to produce Driver Vision Enhancer (DVE See digital video effects. ) A-Kits for installation on a wide range of frontline U.S. Army tactical wheeled and combat vehicles. Increasing drivers' vision capability, survivability sur·viv·a·ble adj. 1. Capable of surviving: survivable organisms in a hostile environment. 2. That can be survived: a survivable, but very serious, illness. and mobility in hazardous, low-visibility conditions during the day or night, the DVE systems are supporting U.S. Army and Marine Corps units engaged in Operation Iraqi Freedom and Operation Enduring Freedom. The company received $10 million in initial funding on the contract, which includes options for the first and second years of the program for product deliveries through fiscal 2008. Additional options extend the program through 2010. The contract was awarded to DRS by the U.S. Army's Communications-Electronics Life Cycle Management Command (CELCMC CELCMC Communications Electronics Life Cycle Management Command ) Acquisition Center in Fort Monmouth Fort Monmouth is a United States Army installation in Eatontown, Tinton Falls and Oceanport, New Jersey, and about one mile from the Atlantic Ocean. The base covers nearly 1,126 acres of land, from the Shrewsbury River west to Route 35, called Main Post. , New Jersey. For this award, DRS will provide DVE A-Kits and cabling. Production of the DVE A-Kits will be accomplished by the company's DRS Training & Control Systems unit in Fort Walton Beach, Florida Fort Walton Beach is a city in Okaloosa County, Florida, United States. As of 2004, the population estimate for Fort Walton Beach, Florida is 19,992 recorded by the U.S. Census Bureau.[2] Fort Walton Beach is a year round fishing and beach resort. . Under separately awarded contracts, the company also produces DVE B-Kits through its DRS Sensors & Targeting Systems unit, Optronics Division, in Palm Bay, Florida Palm Bay is a city in Brevard County, Florida, United States. The city estimated its population at 107,538 on 28 July 2007;[3]; it is the most populous city in the county. . The DVE systems utilize DRS's uncooled infrared technology and electronics developed by the unit's California Division in Cypress, California. "The receipt of this new award solidifies our position as a prime contractor on the Driver Vision Enhancers program, having now secured contracts to produce both the A- and B-Kits, and provides a comprehensive solution for the U.S. Army," said Richard S. Danforth, president of the company's Command, Control & Communications (C3) business. "This new award reflects the continued priority placed by the Department of Defense on expanding the Army's ability to operate vehicles more effectively during night operations and under obscured battlefield conditions. The quality and reliability of our DVEs support the military's objectives for increased mobility, survivability and situational awareness. Our exceptional performance to date on the DVE program has provided increased production to meet the urgent needs of the Army." The DVE A-Kit is comprised of a pan/tilt mechanism and controls, structures, electrical cables and assemblies for mounting the DRS-produced DVE B-Kit. The company's DVE B-Kits provide military vehicle drivers with an unparalleled ability to see clearly at increased distances under severely degraded visual conditions for day or night operations. DVE A-Kits provide interchangeability of the B-kit within the family of tactical wheeled vehicles and within the family of combat vehicles. DRS Technologies, headquartered in Parsippany, New Jersey, is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The company employs approximately 10,000 people. For more information about DRS Technologies, please visit the company's web site at www.drs.com. |
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