DRS Technologies Receives Award On Potentially Large U.S. Army Contract to Provide Improved Thermal Sight Systems.Business Editors PARSIPPANY, N.J.--(BUSINESS WIRE)--Dec. 13, 2001 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 $4.1 million of an estimated $7.8 million increment, as part of a potential $104.4 million contract, from the U.S. Army for the development, delivery and testing of four prototype Improved Thermal Sight Systems (ITSS ITSS Information Technology Systems and Services ITSS Intelligent Transportation Systems Society (IEEE) ITSS Information Technology Solutions Shop (GSA) ITSS Improved Thermal Sight System ). The contract contains options for the production of more than 400 systems, and for installation, training and five years of integrated logistics support A composite of all the support considerations necessary to assure the effective and economical support of a system for its life cycle. It is an integral part of all other aspects of system acquisition and operation. Also called ILS. services. Product deliveries and service support are expected to extend through 2009. The contract was received by DRS from the U.S. Army's Tank and Automotive Command in Warren, Michigan. Additional information will be available in the near future. 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 systems and components in the areas of communications, combat systems, rugged computers, electro-optics, data storage, digital imaging, flight safety and space. For more information about DRS Technologies, please visit the company's web site at www.drs.com. |
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