DRS Technologies Receives $101 Million Five-Year Contract for Long Range Advanced Scout Surveillance System Subassemblies
28 Abril 2008 - 10:00AM
Business Wire
DRS Technologies, Inc. (NYSE: DRS) announced today that it has
received an initial order of $36.4 million on a five-year contract
with a projected minimum value of approximately $101 million to
produce critical subassemblies for the Long Range Advanced Scout
Surveillance System (LRAS3) program. The contract was awarded to
DRS by the Network Centric Systems business of the Raytheon Company
(NYSE: RTN), McKinney, Texas, the prime contractor and final
integrator for the LRAS3 program. The work will be performed by
DRS� Sensors & Targeting Systems unit � Optronics Division in
Melbourne, Florida. Manufacturing is expected to begin immediately.
LRAS3 is a multi-sensor infrared system enabling real-time
detection, recognition, identification and geo-location of distant
targets. Army scouts on Stryker and HMMWV platforms use this
technology to conduct 24-hour reconnaissance and surveillance,
while remaining outside enemy acquisition and fire ranges � a vital
improvement over previous generations of LRAS. Under the contract,
DRS will provide such key LRAS3 subassemblies as Forward Looking
Infrared (FLIR) systems and Integrated Optical Benches (IOBs).
�This contract ensures that DRS will continue to be a major
contributor to the LRAS3 program for the next five years,� said
James M. Baird, president of DRS� Reconnaissance, Surveillance
& Target Acquisition (RSTA) Segment. �We�re proud of the role
we will continue to play in bringing this technology � widely
considered to be the Army�s premier ground-combat system for
reconnaissance and surveillance � to the modern battlefield.� The
company�s RSTA Segment develops, manufactures and supports
electro-optical technologies, including advanced cooled and
uncooled thermal-imaging solutions for soldier systems, ground
vehicle, airborne, maritime, industrial, security, public safety
and firefighting applications. 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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