DRS Technologies Awarded $31 Million U.S. Army Contract to Provide Joint Tactical Terminals; Contract Valued at $194 Million over Five Years.PARSIPPANY, N.J. -- DRS Technologies, 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 competitively awarded a $31 million contract, representing initial funding on a contract valued at $194 million over the next five years, to provide Joint Tactical Terminals (JTTs) under the U.S. Army's Joint Tactical Terminal-Integrated Broadcast Service (JTT-IBS) program. The JTTs will provide war fighters throughout the armed services with near real-time tactical intelligence and targeting information. The indefinite delivery/indefinite quantity (ID/IQ ID/IQ Indefinite Delivery/Indefinite Quantity ID/IQ Indefinite Duration/Indefinite Quantity ) contract was awarded to DRS by the U.S. Army's Communications and Electronics Command (CECOM CECOM Communications Electronics Command (US Army) CECOM National Center for Communications of the Civil Protection Agency ) in Fort Monmouth, New Jersey. Product deliveries will commence in nine months. "This award strengthens our position as a key supplier in the tactical secure communications marketplace," said Steven T. Schorer, president of DRS's C4I Group. "Our JTT solution leverages the engineering and manufacturing expertise of multiple businesses throughout DRS. Our domain knowledge in communications receiver, transmitter and data link systems provides a solid foundation for successful delivery of the JTTs." The JTTs will support a worldwide network that supplies critical data to battlefield, air and maritime operations, command and decision centers and other support networks. The JTTs will serve as key elements of the Distributed Common Ground System (DCGS DCGS Distributed Common Ground System DCGS Distributed Common Ground Station DCGS Distributed Common Ground/Surface System (US DoD) DCGS Delaware County Genealogical Society (Ohio and Pennsylvania) ), which integrates various command, control, communications, computers and intelligence (C4I) systems. DRS is recognized as a leading provider of C4I and intelligence equipment for the U.S. military. The company develops and manufactures tactical receivers, high-frequency (HF) data communications equipment See DCE. Data Communications Equipment - Data Communication Equipment , data link modems and signals intelligence (SIGINT Noun 1. SIGINT - intelligence information gathered from communications intelligence or electronics intelligence or telemetry intelligence signals intelligence ) receivers and tuners. DRS Technologies, headquartered in Parsippany, New Jersey, provides leading edge products and services to defense, government intelligence and commercial customers. Focused on defense technology, DRS develops and manufactures a broad range of mission critical systems. The company employs 6,000 people worldwide. For more information about DRS Technologies, please visit the company's web site at www.drs.com. |
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