DRS Technologies Awarded $2.8 Million Navy Contract to Design Emulator for AN/UYQ-70 Advanced Display System.PARSIPPANY, N.J.--(BUSINESS WIRE)--Dec. 10, 1997--DRS Technologies, Inc. (AMEX AMEX See: American 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, through its DRS Electronics Systems Inc. subsidiary in Gaithersburg, Md., a $2.8 million contract from the U.S. Navy to provide hardware and software design for a system that will emulate the functions of the AN/UYQ-70 Advanced Display System. The system will be used for operator training at shore locations. DRS's AN/UYQ-70 emulator will use advanced, low-cost display and data processing data processing or information processing, operations (e.g., handling, merging, sorting, and computing) performed upon data in accordance with strictly defined procedures, such as recording and summarizing the financial transactions of a technology to simulate the functions of the existing AN/UYQ-70 shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. tactical display consoles. Operationally identical to this openly designed, evolutionary shipboard system Noun 1. shipboard system - a system designed to work as a coherent entity on board a naval ship anti-submarine rocket - a shipboard system to fire rockets at submarines basic point defense missile system - a shipboard missile system , the UYQ-70 emulator will meet the Navy's requirements for operator training and testing at significantly reduced costs over systems built to military specifications. The award is the result of the exercise of an option on an existing, multiple-year contract with a not-to-exceed value of approximately $37 million for emulation and training systems. The company received initial funding on this contract in February 1994. Including this latest award, approximately $22.5 million has been released to DRS on this program to date. Under a separate contract awarded by the U.S. Navy in July 1994 to the Lockheed Martin-DRS Technologies team, DRS manufactures the AN/UYQ-70 Advanced Display Systems and provides engineering development services. These workstations are being installed on the most technologically advanced surface and subsurface sub·sur·face adj. Of, relating to, or situated in an area beneath a surface, especially the surface of the earth or of a body of water. Adj. 1. ships and aircraft in the U.S. Navy. The AN/UYQ-70 family of advanced workstations is considered a cornerstone in the modernization and evolution of combat systems for sea, land and air military platforms, providing the Navy with a cost-efficient line of products for the common operating environment A uniform configuration of hardware and software throughout an organization. It is designed to eliminate software and data incompatibilities and improve troubleshooting. It implies the use of the same primary applications and Web browser as well as the same operating system, database being implemented in surface and subsurface ships, land vehicles and aircraft. This program positioned the Lockheed Martin-DRS Technologies team as a key U.S. supplier of high-performance display and computing workstations for a variety of mission critical environments. The UYQ-70 emulator will be manufactured using Commercial Off-The-Shelf Commercial off-the-shelf (COTS) is a term for software or hardware, generally technology or computer products, that are ready-made and available for sale, lease, or license to the general public. (COTS) components and will provide an important budgeting advantage to military installation that develop applications, train personnel and engage in surveillance operations. These systems will be used primarily at Navy shore facilities, such as laboratories, aircraft tracking sites, training sites and other land-based installations. Mark S. Newman, 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 chairman, president and chief executive officer, commented, "The receipt of this award demonstrates the U.S. Navy's confidence in DRS Technologies' long-term performance as a significant supplier of high-quality display systems and recognizes the success of the Lockheed Martin-DRS Technologies design team on the UYQ-70 program." The open-architecture and COTS-based design of DRS's display workstations meet or exceed the critical performance, reliability and long-term support requirements of the company's government customers. Workstations from product lines developed and manufactured by the company are used on board military platforms and at military bases for a variety of sea, air and land applications. DRS Technologies is a diversified, high-technology company serving government and commercial niche markets A niche market also known as a target market is a focused, targetable portion (subset) of a market sector. By definition, then, a business that focuses on a niche market is addressing a need for a product or service that is not being addressed by mainstream providers. worldwide. The company develops and manufactures a variety of leading edge systems and components used for the processing, display and storage of data. DRS provides its customers with a broad range of products, including electronic sensor, electronic imaging and electro-optical systems, and offers a full complement of technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services . The company's defense electronics products serve all branches of the armed forces. Its commercial and industrial products are used by the airline, banking, computer disk drive, security, transportation, retail sales and broadcast industries. CONTACT: DRS Technologies, Parsippany Patricia M. Williamson, 973/898-1500 |
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