October 20, 2016 5:51 PM ET

Aerospace and Defense

Company Overview of DRS Technical Services, Inc.

Company Overview

DRS Technical Services, Inc. provides communications and security systems to defense organizations, other federal and state government organizations. It designs, integrates, deploys, operates, and maintains satellite and wireless network solutions. It offers end-to-end telecommunications services, including network design, integration, installation, operation and maintenance. It also provides satellite and terrestrial bandwidth services. It also offers configuration management, automatic test and support equipment, quality assurance, logistics and technical documentation for fleet and foreign military sales (FMS - F/A-18 Assets) at multiple foreign and domestic locations. The company was fou...

12930 Worldgate Drive

Suite 700

Herndon, VA 20170

United States

Founded in 1982





Key Executives for DRS Technical Services, Inc.

Age: 65
Compensation as of Fiscal Year 2016.

DRS Technical Services, Inc. Key Developments

DRS Technical Services Wins $12.04 Million Federal Contract for Integrate/Install Distributed Aperture Infrared Countermeasures in Support of JUONS SO-0010

Air Force Materiel Command (Department of the Air Force), PK/PZ - Robins AFB, has awarded a $12,037,808.00 federal contract on May 31 to DRS Technical Services for integrate/install distributed aperture infrared countermeasures in support of JUONS SO-0010.

DRS Technical Services Inc. Wins Federal Contract

DRS Technical Services Inc. announced that the company was awarded a share of a $900 million task order by the U.S. Army Contracting Command, Aberdeen, Maryland, for logistics and service support to the Joint Program Executive Office for Chemical and Biological Defense.

DRS Technical Services, Inc. to Pay $1 Million to Settle Civil Fraud Allegations

DRS Technical Services, Inc. has agreed to pay $1 million to settle a civil fraud case that claimed their employees engaged in labor mischarging resulting in a loss to the U.S. government of $544,000. The allegations involved the overcharging of three U.S. Army contracts DRS TSI was working on in Kuwait, where 15 DRS TSI employees were directed to record more time for labor hours than was actually being worked. After discovering the improper conduct through its internal compliance program, DRS TSI made a voluntary disclosure to the U.S. government under the Contractor Business Ethics Compliance Program and Disclosure Rule, also known as the Federal Acquisition Regulations Mandatory Disclosure Rule. DRS TSI took corrective action, including disclosure of the conduct to the Department of Defense Office of Inspector General. Following an investigation of the disclosure by the government, DRS TSI agreed to pay $1 million to resolve allegations under the civil False Claims Act, and other related civil statutory and common law remedies arising from the conduct. The False Claims Act makes it illegal for any person or entity to present a false or fraudulent claim to the United States for payment and/or to retain overpayments that were improperly received. The civil claims settled by DRS TSI are allegations only; there has been no determination of civil liability. The resolutions obtained in this matter were the result of a coordinated effort between the U.S. Attorney's Office for the Eastern District of Virginia, the Army's Criminal Investigation Command, and the Defense Criminal Investigative Service with assistance from the Defense Contract Audit Agency.

Similar Private Companies By Industry

Company Name Region
4M Research, Inc. United States
A E Wolffe Limited United States
A&G Machine, Inc. United States
A-1 Machining Co. Inc. United States
a.i. solutions, Inc. United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact DRS Technical Services, Inc., please visit --. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.