DRS Technologies Awarded Contract To Supply Its Hybrid Electric Drive System To Korean Navy's New Class Of Frigates

 DRS Technologies Awarded Contract To Supply Its Hybrid Electric Drive System
                    To Korean Navy's New Class Of Frigates

PR Newswire

ARLINGTON, Va., March 19, 2014

ARLINGTON, Va., March 19, 2014 /PRNewswire/ -- DRS Technologies Inc., a
Finmeccanica Company, announced today a contract award to design and produce a
Hybrid Electric Drive (HED) propulsion system for the Republic of Korea Navy's
future Incheon-class multipurpose frigate known as FFX Batch II (FFX-II).

The contract, valued at more than $9 million USD, was awarded to DRS's
Maritime and Combat Support Systems group by Korea's Hyosung Corporation and
will include the design, testing, and production of hybrid electric drive
(HED) permanent magnet motors and associated motor drives for the first
ship-set to be delivered in 2015.

The Incheon-class frigates are coastal defense frigates of the Republic of
Korea (ROK) Navy. The frigates are expected to replace the aging fleet of
Pohang-class corvettes and Ulsan-class frigates, and to take over multi-role
operations such as coast patrol, anti-submarine warfare and transport
support. The first FFX-II ship is being built by Daewoo Shipbuilding & Marine
Engineering and will include a DRS HED system that will allow for more
efficient and quiet operation of the propulsion plant. Up to eight FFX-II
ships are planned over the next several years.

DRS's HED permanent magnet motors, designed and built by DRS Power Technology,
Inc. in Fitchburg, MA, have significant advantages in size, weight and power
over conventional electric motors and produce more torque from the same amount
of supplied current. Their smaller footprint allows more flexibility in
engine room design and increased cargo space, and their simpler construction
results in proven reliability and durability. The complementary naval marine
advanced HED motor drives are designed and built by DRS Power and Control
Technologies in Milwaukee, WI. With high efficiency performance at full and
part load, these systems can provide significant fuel and maintenance costs
savings, along with operational flexibility, when incorporated into a ship
propulsion system.

"This is a fantastic opportunity for DRS to become a primary player in marine
hybrid drive systems and to continue to expand our products into international
markets," said Roger Sexauer, President of the DRS Maritime and Combat Support
Systems Group. "The Korean shipbuilding industry is one of the strongest in
the world and we are thrilled to now be a part of it."

About DRS Technologies

DRS Technologies is a leading supplier of integrated products, services and
support to military forces, intelligence agencies and prime contractors
worldwide and is the 2013 recipient of the Defense Security Service Award for
Excellence in Counterintelligence as well as three James S. Cogswell Awards
for Outstanding Industrial Security Achievement. The company is a wholly owned
subsidiary of Finmeccanica SpA (FNC.MI), which employs approximately 70,000
people worldwide.

For additional information please contact:

Michael Mount
Director
Public Affairs and Communications
571-447-4624
mmount@drs.com

SOURCE DRS Technologies Inc.
 
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