DRS Technologies Expands International Presence; Awarded Contract For Naval Infrared Missile Defense System.Business Editors PARSIPPANY, N.J.--(BUSINESS WIRE)--May 2, 2000 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. (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 a $6.4 million contract from Hollandse Signaalapparaten B.V. in Hengelo, the Netherlands, to complete development of the Signal Processing See DSP. unit and Optical Lens assembly for the SIRIUS Long-Range Infrared Search and Track (LR-IRST) system. Work for this contract will be accomplished by the company's DRS Flight Safety and Communications unit based in Carleton Place, Ontario, Canada. DRS will provide a production prototype of the SIRIUS Signal Processing unit and Optical Lens assembly. Additional contracts to equip Dutch and Canadian naval vessels are anticipated. The German and the Australian navies have indicated interest in the SIRIUS system, as well. DRS Technologies chairman, president and chief executive officer Mark S. Newman said, "Our work on the SIRIUS program has positioned DRS as a key supplier of systems for missile defense Missile defence is an air defence system, weapon program, or technology involved in the detection, tracking, interception and destruction of attacking missiles. Originally conceived as a defence against nuclear-armed ICBMs, its application has broadened to include shorter-ranged that are critical for Canadian and allied international fleet operations. This leading edge technology is expected to greatly improve the self-defense capability of these fleets." Under joint development by Canada and the Netherlands, the SIRIUS Long-Range Infrared Search and Track system is an automatic infrared detection and target tracking system for anti-ship missiles and aircraft. Designed to be an integral part of the ships' local area defense system, it complements existing radar surveillance systems under conditions unfavorable for radar alone. SIRIUS provides continuous passive horizon search for sea skimming anti-ship missiles, threat identification, cueing and track correlation, engagement guidance and target assessment. Recent U.S./Dutch studies show that SIRIUS also has the potential to enhance a naval Tactical Ballistic Missile A tactical ballistic missile is a ballistic missile designed for short-range battlefield use. Typically range is less than 300 km. Tactical ballistic missiles are usually mobile to ensure survivability and quick deployment, as well as carrying a variety of warheads to target enemy Defense (TBMD TBMD Theater Ballistic Missile Defense TBMD Tight-Binding Molecular Dynamics TBMD Tactical Ballistic Missile Defense TBMD Terminal Ballistic Missile Defense TBMD Technology Base Medical ) capability. DRS Technologies provides leading edge products and services to government and commercial customers worldwide. Focused on defense electronics, the company develops and manufactures a broad range of mission critical products, from rugged computers and peripherals to systems and components in the areas of communications, data storage, digital imaging, electro-optics, flight safety and space. Additional information is available on the company's web site at www.drs.com. |
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