DRS Technologies Designates United Kingdom Operating Unit as Part of Its Strategy to Increase International Business Revenue.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 UK Ltd. Will Serve as the Focal Point focal point n. See focus. for Business Development in the UK and Europe 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 designated its United Kingdom (UK) operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , DRS Technologies UK, Ltd. (DRS UK), to serve as the focal point in the company's efforts to further increase business opportunities in the UK and Europe. "With the key personnel, diversified capabilities, and strategic insight, DRS now has the critical mass to fully commit itself to securing more contracts in the UK and Europe's defense market," said Mark S. Newman, chairman, president and chief executive officer of DRS Technologies, Inc. "As a natural evolution in its continued growth this official and committed entry will provide European countries with second-to-none capabilities and experience that DRS can offer." "As the corporation's UK and European focal point, DRS UK will provide customers with a regional point of contact and ensure access to our broad capabilities. DRS is committed to expanding its presence in the global defense market," said Steven T. Schorer, president of DRS' Command, Control, Communications, Computers & Intelligence (C4I C4I Command, Control, Communications, Computers, & Intelligence (US DoD) C4I Command Control Communications Computer and Intelligence ) Business Segment. "DRS has program experience and key relationships established in Great Britain with prime contractors and the Ministry of Defence," said Stuart Bolton, managing director of DRS Tactical Systems, Ltd. in Farnham, Surrey, United Kingdom. "I am proud to support the corporation's efforts to expand DRS' international presence and offerings. We are a fully operational UK business unit supporting design, development, manufacturing, integration, and whole life support of indigenous products." 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 please visit the company's web site at www.drs.com. DRS is exhibiting today through Friday in booth #2055 and suite #W27 at the 2007 Defence Systems & Equipment International (DSEI DSEI Defence Systems & Equipment International (exhibition & conference) ) Exhibition at the London Exhibition and Conference Centre (ExCeL) in London, England. |
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