DRS Technologies Wins $34 Million in New Contract Awards to Produce Roof Assemblies for the Maxx Pro MRAP Vehicle
01 Abril 2008 - 10:00AM
Business Wire
DRS Technologies, Inc. (NYSE: DRS) announced today that it has
received two contract awards valued at $34 million to manufacture
2,500 armored roof assemblies for the International Military and
Government LLC MaxxPro� 4 x 4 Mine Resistant Ambush Protected
(MRAP) vehicle. International Military and Government LLC (IMG) is
a unit of Navistar International Corporation (NYSE: NAV). The first
award, granted in early February for 1,000 assemblies, was valued
at $14 million. The second contract, worth $20 million, recently
was awarded for an additional 1,500 roof assemblies. Production is
being performed by the company�s DRS Sustainment Systems unit�s
manufacturing facility in West Plains, Missouri. Production of the
first 1,000 units should be complete by mid-April, while the
remaining 1,500 roof assemblies will be delivered by July 31.
Deliveries of both orders will be made to IMG�s vehicle production
facility in West Point, Mississippi. IMG is a world leader in
providing military forces with vehicles that represent the latest
in engine and mine blast protection technologies. DRS is a proven
leader in manufacturing and resetting military-grade transport
systems, hulls, frames and chassis for heavy machinery and land
vehicles, as well as in manufacturing and installing armor B-Kits
for tactical vehicles. �Due to events in Southwest Asia since 2003,
the U.S. military has required immediate and flawless execution to
repair existing heavy equipment transport systems and manufacture
new systems, and we�ve had numerous contracts that reinforce their
confidence in our abilities to accomplish this,� said Thomas G.
Cornwell, president of DRS�s Sustainment Systems Segment. �Now we
are applying this same experience and technology to help
manufacture the proper armored parts for MRAP vehicles so
desperately needed by U.S. troops.� DRS� Sustainment Systems
Segment also develops and manufactures environmental control units,
fuel and water distribution systems, power generation systems,
decontamination systems, electronic testing systems, and heavy
equipment transport systems. DRS Technologies, headquartered in
Parsippany, New Jersey, is a leading supplier of integrated
products, services and support to military forces, intelligence
agencies and prime contractors worldwide. The company employs
approximately 10,000 people. For more information about DRS
Technologies, please visit the company�s web site at www.drs.com.
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