DRS Technologies Receives $18.3 Million in New Contracts to Provide Fan Coil Products for U.S. Navy's New DDG-1000 Destroyers.PARSIPPANY, N.J. -- 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. (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 was awarded new contracts with a combined value of approximately $18.3 million to provide a family of fan coil assemblies and units for use in the air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. system on board the U.S. Navy's next-generation DDG-1000 Zumwalt Class guided-missile destroyers, formerly known as DD(X). The contracts were awarded to DRS by Bath Iron Works Bath Iron Works (BIW) is a shipyard located on the Kennebec River in Bath, Maine. Since its foundation in 1884 by Thomas W. Hyde, Bath Iron Works has built private, commercial and military vessels. , a General Dynamics (NYSE: GD) company, located in Bath, Maine. For these orders, DRS will design, develop, qualify and produce a family of fan coil assemblies in five different sizes and fan coil units in six different sizes for the air conditioning system on these new surface ships. Work for these orders will be performed by the company's DRS Marlo Coil unit in High Ridge, Missouri High Ridge is a census-designated place (CDP) in Jefferson County, Missouri, United States. The population was 4,236 at the 2000 census. At 927 feet above sea level, High Ridge is at one of the highest points in the county. , which has provided similar equipment to virtually every class of U.S. Navy combatant ship class. The company's work for these contracts will continue through 2016, with production expected to commence in 2008. "These new contracts extend our position as a premier supplier of superior marine equipment to the U.S. Navy's newest class of surface combatant," said Daniel A. Rodrigues, president of DRS's Sustainment Systems & Services Group. "A key supplier of a diversified range of products to the U.S. Navy shipbuilding industry, DRS is a leading force in technology and systems that are helping to shape the future of the Navy's high-performance fleet." The company's DRS Marlo Coil unit has been a leading manufacturer of custom engineered coils, refrigeration refrigeration, process for drawing heat from substances to lower their temperature, often for purposes of preservation. Refrigeration in its modern, portable form also depends on insulating materials that are thin yet effective. and air handling systems since 1925. It is the largest supplier of heating and cooling marine coils, air handling units, product coolers and refrigeration plants to the U.S. Navy, and it has supplied equipment to the Military Sealift Command A major command of the US Navy, and the US Transportation Command's component command responsible for designated common-user sealift transportation services to deploy, employ, sustain, and redeploy US forces on a global basis. Also called MSC. See also transportation component command. , U.S. Coast Guard and international governments, as well. Its products and engineering design services also are utilized in applications for the aerospace, food processing, healthcare, semi-conductors and pharmaceutical industries. 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 http://www.drs.com. |
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