DRS Technologies Awarded $69 Million U.S. Air Force Contract to Provide Next-Generation Test Range Support for Air Combat Systems.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 is being awarded a new $69 million contract from the U.S. Air Force to provide significant improvements to test and evaluation range capabilities under the Enhanced Range Applications Program (EnRAP). EnRAP is expected to provide next-generation test and evaluation range data systems to U.S. Air Force, U.S. Army and U.S. Navy test ranges to meet Department of Defense requirements for comprehensive testing of advanced combat systems. EnRAP is an Office of the Secretary of Defense The Office of the Secretary of Defense (OSD) is part of the United States Department of Defense and includes the entire staff of the Secretary of Defense. It is the principal staff element of the Secretary of Defense in the exercise of policy development, planning, resource (OSD)-sponsored, tri-service range modernization program for ten Major Range Test Facility Bases (MRTFB MRTFB Major Range & Test Facility Base ) located across the United States to support technically demanding systems, such as the Joint Strike Fighter (JSF), F-22 Raptor, F-117 Nighthawk, F-15 Eagle, F-16 Fighting Falcon The F-16 Fighting Falcon is an American multirole jet fighter aircraft developed by General Dynamics and Lockheed Martin for the United States Air Force. Designed as a lightweight fighter, it evolved into a successful multirole aircraft. , B-1 Lancer, B-2 Spirit, V-22 Osprey, F/A-18E/F Super Hornet The Boeing F/A-18E/F Super Hornet is a carrier-based fighter/attack aircraft that entered service in 1999 with the United States Navy. The fighter has recently been ordered by the Royal Australian Air Force. and SH-60R Seahawk helicopter. EnRAP, a development and production program, is a phased-in replacement for the Advanced Range Data System (ARDS Ards District (pop., 2001: 73,244), Northern Ireland. Formerly part of County Down, Ards was established as a district in 1973. Much of its land is devoted to crops and pasture. Newtownards, settled c. 1608 by Scots, is its administrative seat and manufacturing centre. ) also produced by DRS and will provide state-of-the-art data link encryption and wireless data link technology, as well as unprecedented precise position information through more accurate and enhanced Global Positioning System Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. (GPS) and inertial Time Space Position Information (TSPI TSPI Time-Space-Position Information TSPI Telephony Service Provider Interface TSPI Tulay Sa Pag-Unlad, Inc. TSPI Technology Service Partners, Inc. TSPi Introductory Team Software Process (Software Engineering Institute) ) technologies. Initial funding of $10.2 million was received by DRS from the U.S. Air Force Air Armament Center (AAC) Range Instrumentation Support (RIS RIS rabies inhibiting substance. ) office at Eglin Air Force Base Eglin Air Force Base is the home of the United States Air Force 96th Air Base Wing of the Air Force Materiel Command, and is also headquarters for more than 45 associate units. , Florida. Work for this contract 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. . Development is expected to continue through July 2007, followed by production, which will continue through 2010. "This contract solidifies DRS as the world leader in the flight test and evaluation market and will allow us to infuse new technology into test and evaluation ranges for the next ten years," said Fred L. Marion, president of DRS's Surveillance & Reconnaissance Group. "The strong demand for accurate instrumentation requires the development of cutting edge technology, which will provide a platform for many other future applications, such as training instrumentation. With this award, DRS will continue to support the test and evaluation ranges in their efforts to ensure our war fighters are equipped with the most robust and accurate platform and weapons systems available." The EnRAP system will provide miniaturized, modular instrumentation packages for internal mounting, as well as instrumentation pods for external mounting, offering added flexibility and standardization over current models. In addition, it will support the Joint Tactical Radio System (JTRS JTRS Joint Tactical Radio System JtRS Just The Right Shoe JTRS Just the Right Size JTRS Johnson Technical Reports Server JTRS Joint Tenancy with Right of Survivorship JTRS Jefferson Township Rescue Squad ) hardware-compatible data link, targeted to host the future JTRS Range Instrumentation Waveform for improved communications capability between legacy systems. Major subcontractors for this effort include Rockwell Collins (NYSE: COL) of Cedar Rapids, Iowa, which will contribute EnRAP data link and GPS support, and Tracking & Imaging Systems, Inc. of St. Petersburg, Florida St. Petersburg (often shortened to St. Pete) is a city in Pinellas County, Florida, United States. The city is known as a vacation destination for North American and European vacationers, as well as a politically important battleground in U.S. Presidential politics. , which will provide precision GPS engineering support. DRS Training & Control Systems designs, produces and supports high-reliability defense electronics for shipboard, land and air applications, including advanced test and evaluation systems, control systems for missile launching and guided bombs, air combat test and training systems, electronic warfare systems and threat radar simulation equipment. It also provides upgrade and refurbishing services for ground combat vehicles and air cargo handling systems. 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 5,800 people worldwide. For more information about DRS Technologies, please visit the company's web site at http://www.drs.com. SAFE HARBOR: This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on management's beliefs and assumptions, current expectations, estimates and projections. Such statements, including statements relating to the Company's expectations for future financial performance, are not considered historical facts and are considered forward-looking statements under the federal securities laws. These statements may contain words such as "believes," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements and include, without limitation, demand and competition for the Company's products and other risks or uncertainties detailed in the Company's Securities and Exchange Commission filings. Given these uncertainties, you should not rely on forward-looking statements. The Company undertakes no obligations to update any forward-looking statements, whether as a result of new information, future events or otherwise. |
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