December 10, 2016 8:14 AM ET

Aerospace and Defense

Company Overview of DRS Technologies, Inc.

Company Overview

DRS Technologies, Inc. provides integrated products, services, and support to military forces, intelligence agencies, and prime contractors worldwide. The company offers naval and maritime systems, ground combat mission command and network computing systems, global satellite communications and network infrastructure systems, aviation support and avionics systems, and intelligence and security solutions. It also provides training development and implementation, computer-aided design, depot repair, obsolescence management, gas turbine compressor blade pinning repair, global enterprise solutions, naval sustainment engineering, navy controls, product life cycle support, provisioning for product ...

2345 Crystal Drive

Suite 1000

Arlington, VA 22202

United States

Founded in 1968

10,200 Employees

Phone:

703-416-8000

Fax:

703-416-8010

Key Executives for DRS Technologies, Inc.

Chairman, Chief Executive Officer and Chief Executive Officer of Finmeccanica North America
Chief Financial Officer, Chief Operating Officer and Executive Vice President
President of C4I Group
President of Sensors & Nuclear Controls
President of Sustainment Systems Segment
Age: 60
Compensation as of Fiscal Year 2016.

DRS Technologies, Inc. Key Developments

DRS Technologies Inc. Wins $11.4 billion Share of Task Order

DRS Technologies Inc. was awarded a share of a task order set aside for small business valued at up to $11.4 billion by the U.S. Air Force Sustainment Center for the maintenance of fielded active weapon systems.

DRS Technologies Inc. Receives an Initial Production Order Valued at More Than $65 Million from the U.S. Army

DRS Technologies Inc. announced it has received an initial production order valued at more than $65 million from the U.S. Army for the Enhanced Night Vision Goggle (ENVG) III program. The award initiates fielding of next-generation technology that provides soldiers with an information hub through the ENVG display. DRS Technologies partnered with N2 Imaging Systems LLC, a UTC Aerospace Systems Company, on the ENVG program. The advanced system is designed to provide rapid target acquisition. It then wirelessly sends the weapon imagery from the sight to the night-vision goggle eyepiece. The wireless capability gives the user the ability to increase situation awareness to rapidly engage targets even when protected behind an obstacle.

Drs Technologies Inc. Receive $41.6 Million Contract from U.S. Army

Drs Technologies Inc. announced that its Infrared Sensors and Systems business has received a $41.6 million U.S. Army cost-plus-incentive fee contract for the development of a two-color infrared sensor that is expected to significantly enhance the situational awareness and targeting options for mounted troops. The 3rd-Generation Forward Looking Infrared Dewar Cooler Bench (DCB) for ground combat vehicles would identify targets from a position beyond the reach of enemy weapons. Combining mid-wave and long-wave bands, the DCB will collect thermal radiation and create the infrared image allowing U.S. military forces to see through dust, snow and darkness as well as improving vision in clear conditions. The improved technology will allow vehicle crewmembers to engage targets at much longer ranges than current systems. The Army plans to conduct a critical design review in early 2017. A low-rate initial-production decision is anticipated in Fiscal Year 2022 with full-rate production to follow around fiscal year 2024.

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