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November 29, 2015 8:47 PM ET

Aerospace and Defense

Company Overview of DRS Technologies, Inc.

Company Overview

DRS Technologies, Inc. develops, manufactures, supplies, and supports integrated products to military forces, intelligence agencies, and prime contractors worldwide. It focuses on defense technology. The company offers imaging and targeting solutions, cyber and information assurance products, control systems, communication solutions, intelligence solutions, tactical systems, sonar systems, training solutions, power and environmental systems, avionics, and C3 and aviation products. It also provides support services, such as global enterprise solutions, tactical communications and network solutions, maritime and security solutions, and DRS signal solutions. DRS Technologies, Inc. was formerly ...

2345 Crystal Drive

Suite 915

Arlington, VA 22202

United States

Founded in 1968

10,200 Employees





Key Executives for DRS Technologies, Inc.

Chairman, Chief Executive Officer and Chief Executive Officer of Finmeccanica North America
Chief Operating Officer and Executive Vice President
President of C4I Group
President of Sensors & Nuclear Controls
President of Sustainment Systems Segment
Age: 59
Compensation as of Fiscal Year 2015.

DRS Technologies, Inc. Key Developments

Finmeccanica Reportedly No More Looking To Sell DRS Technologies

Finmeccanica SpA (BIT:FNC) is not looking to sell DRS Technologies, Inc. anymore due to the improved performance of DRS, a source close to the matter said on Sunday.

DRS Technologies Demonstrates the First 10-Micron High Performance Infrared Sensors

DRS Technologies, Inc. announced that its highly anticipated 10-micron pixel pitch infrared detector has been successfully demonstrated to select defense industry prime contractors. The company will continue to schedule private showcases during the SPIE DSS tradeshow in Baltimore, MD. Initial demonstrations of the 10-micron pixel pitch sensor included an ultra-high resolution 1280x1024 thermal camera; and arrays of 640x512 and 320x256 suitable for most original equipment manufacturer integrations. The demonstrations also proved the sensor's performance capabilities of better than 50 mK noise equivalent temperature difference - a common measurement of sensitivity - the standard for most uncooled infrared products on the market. The evolution to the 10-micron pitch infrared detectors marks a major milestone for DRS and the infrared industry alike, enabling sensor manufacturing with reduced size, significant cost benefits and additional performance capabilities.

DRS Technologies systems Wins New Orders to Provide Equipment to US and Canadian Armed Forces

U.S. and Canadian Armed Forces choose DRS Technologies systems. The company has been awarded three new contracts to provide equipment to the Canadian Army armoured vehicles and to U.S. Navy submarines and vessels. The first contract worth USD 100 million, has been signed with General Dynamics Land Systems-Canada and concerns the production of surveillance systems to equip the armoured vehicles LAV 6.0 (produced by General Dynamics) used by the Canadian Army. The eight-year agreement includes the supply of mast mounted, long-range surveillance suites and service support within the Canadian Army LRSS (Light Armoured Vehicle Reconnaissance Surveillance System) project. The other two agreements, signed with the U.S. Navy, are IDIQ (Indefinite Delivery, Indefinite Quantity) contracts and have a total potential ceiling value of about USD 440 million. The first order, with a potential ceiling value of USD 384 million, includes development, production and integration of latest generation electronic equipment to modernize systems currently installed on various classes of U.S. Navy submarines. This agreement moves the company into a prime-contractor role with the U.S. Navy and expands DRS s role as a major submarine combat systems supplier. The other agreement, signed with the U.S. Navy, has a potential ceiling value of USD 55 million and concerns the modernization of integrated voice communications systems for the U.S. Navy AEGIS cruisers and destroyers.

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Recent Private Companies Transactions

November 4, 2015
DRS Technologies, Aviation and Logistics And Tactical Communications & Network Solutions Business

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