DRS Technologies Receives $11 Million Order to Produce Assemblies for the U.S. Army's Improved Target Acquisition System.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 received an $11 million contract to produce and test Xenon Beacon Tracker (XBT XBT Expendable Bathythermograph XBT Crossbar Tandem XBT Xenon Beacon Tracker XBT X-ray Backscatter Technology XBT Crossbraced Truss XBT Cross Bar Tandem ) assemblies for the U.S. Army's Improved Target Acquisition System (ITAS ITAS Improved Target Acquisition System (US Army) ITAS Indigenous Tutorial Assistance Scheme (Australia) ITAS Inside the Actor's Studio (TV program) ). The ITAS is used for launching TOW (Tube-launched, Optically tracked Wire-guided) missiles. The contract was awarded to DRS by the Network Centric Systems business of Raytheon Company (NYSE: RTN) in McKinney, Texas. Work will be accomplished by the company's DRS Sensors & Targeting Systems - Optronics Division in Melbourne and Palm Bay, Florida Palm Bay is a city in Brevard County, Florida, United States. The city estimated its population at 107,538 on 28 July 2007;[3]; it is the most populous city in the county. . Product delivery will commence in August 2008, with completion expected by May 2009. The Xenon Beacon Tracker is a major line replaceable unit (LRU) and is the heart of the ITAS, which tracks targets and furnishes guidance commands to the TOW missile. The XBT converts the optical image of the flashing beacon to electronic signals that are subsequently processed by the internal computer. Guidance corrections then are relayed to the missile via the wire connections between the launcher and missile. "DRS has been a supplier for the TOW missile's ITAS for a long time, so we are proud to have the opportunity to reapply our knowledge and experience for the continuation of this product line," said James M. Baird, president of DRS's Reconnaissance, Surveillance & Target Acquisition (RSTA RSTA reconnaissance, surveillance, and target acquisition (US DoD) RSTA Rindge School of Technical Arts RSTA Recinto Santo Tomás de Aquino RSTA Reston Swim Team Association RSTA Rockford Science and Technology Academy ) Segment. "The TOW missile has been a crucial part of the U.S. Army's heavy anti-armor weapon system arsenal, and as long as they depend on it, DRS will ensure the components it manufactures for it are of the highest quality." 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 Technologies, please visit the company's web site at www.drs.com. |
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