DRS Technologies Receives Orders to Produce High-Performance, Lightweight Motors for Commercial Application.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 recently received in excess of $8 million in new orders to produce high-performance, lightweight permanent magnet motors and electric drives to be used in oil and gas drilling applications, where equipment reliability for operating in harsh environments is critical. The orders were received by DRS from Tesco Corporation This article is about the oil industry company. For UK-based supermarket group, see Tesco. Tesco Corporation (NASDAQ: TESOF) is a company specialising in the design, manufacture and servicing of technology-based solutions for the upstream energy industry. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : TESOF), located in Calgary, Alberta, Canada. For these orders, DRS will produce its permanent magnet PA44 Motors and MD500 Motor Drives to support Tesco's equipment. Work for these orders will be accomplished by the company's DRS Power Technology unit, located in Hudson and Fitchburg, Massachusetts Fitchburg is a city in Worcester County, Massachusetts, United States. The population was 39,102 at the 2000 census. Fitchburg is home to Fitchburg State College. History Fitchburg was first settled in 1730 and was officially incorporated in 1764. . Delivery of the equipment is expected to be completed by March 2007. "Our PA44 motors have logged more than 400,000 drilling hours in locations around the world," said Roger N. Sexauer, president of DRS's Power Systems. He added, "These new orders strengthen our commercial base as a leading designer and manufacturer of high-performance, lightweight, permanent magnet electric motors and drives." The DRS motors and drives supporting these orders are extremely rugged, lighter weight and approximately 50 percent smaller than comparable electric motors. They also provide superior control of the drill strings. These durable motors and drives power top-drive oil and gas drilling equipment and are designed to perform in extremely cold, high-humidity, heavy-load and high-shock environments of drill sites from the Canadian Rockies to the Indonesian jungles. Tesco Corporation markets deep-well drilling equipment to many of the major drilling companies in the oil and gas industry. It is a global leader in the design, manufacture and service of technology-based solutions for the upstream energy industry. Tesco's mandate is to change the way wells are drilled by delivering safer and more efficient solutions that add value by reducing the costs of drilling for and producing oil and gas. 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. DRS is exhibiting this week through Wednesday in Booth 1103 at the 2006 Association of the U.S. Army (AUSA AUSA Association of the United States Army AUSA Assistant United States Attorney AUSA Auckland University Students Association AUSA Aberdeen University Students' Association (UK) AUSA Allied United States of America ) Annual Meeting at the Washington Convention Center The Washington Convention Center has been the name of two convention centers in Washington, D.C. The old Washington Convention Center was located at 909 H Street NW and was in use from 1983 until 2004. in Washington, D.C. For more information about DRS Technologies, please visit the company's web site at www.drs.com. |
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