DRS Technologies Receives U.S. Navy Contract for the Design and Development of Tactical Communication Systems; Contract Valued At $25 Million, Including Options.Business Editors PARSIPPANY, N.J.--(BUSINESS WIRE)--Nov. 18, 2002 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 ) today announced that it has received a U.S. Navy contract to design and develop Tactical Dissemination Modules (TDM (Time Division Multiplexing) A technology that transmits multiple signals simultaneously over a single transmission path. Each lower-speed signal is time sliced into one high-speed transmission. ) for installation on both surface ships and mobile ground platforms to serve as tactical communication links from ships to fighter aircraft fighter aircraft Aircraft designed primarily to secure control of essential airspace by destroying enemy aircraft in combat. Designed for high speed and maneuverability, they are armed with weapons capable of striking other aircraft in flight. . The contract, valued at approximately $25 million including options, was awarded to DRS by the Naval Air Systems Command The Naval Air Systems Command, or NAVAIR, is the part of the United States Navy which provides materiel support for naval aircraft and airborne weapon systems, such as guided missiles. NAVAIR was established in 1966 as the successor to the Navy's Bureau of Naval Weapons (BuWeps). (NAVAIR NAVAIR Naval Air Systems Command ) Weapons Division in China Lake, California. For the initial $4.8 million award, the company's DRS Communications Company unit in Wyndmoor, Pennsylvania, will design, develop and demonstrate rapid prototyping, providing more than a dozen TDM systems capable of shipboard ship·board n. 1. The condition of being aboard a ship: on shipboard. 2. Archaic The side of a ship. adj. and scout vehicle installation. DRS will provide both hardware and software for these systems. Product delivery is expected to commence in 6 months. The duration of the entire program is 48 months. "This new award affords us the opportunity to demonstrate our ability to rapidly develop and deliver integrated communications suites," said Mark S. Newman, chairman, president and chief executive officer of DRS Technologies. "The receipt of this contract positions DRS as a long-term critical supplier of tactical communication links and video products to platforms capable of weapons delivery. Our technology is playing an increasingly important role in communications initiatives that are considered vital to military platform interoperability." DRS is the world leader in the supply of Link-11 data communications products. Many of the company's communications systems are considered the next-generation equipment for secure voice and data communications, as well as for advanced digital communications networks. The company's systems are software-upgradeable for ease of future enhancements to products already in the field. 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, power conversion equipment, 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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