DRS Technologies Awarded $55 Million in Contracts to Manufacture Tactical Quiet Generators for US Army
12 Maio 2008 - 10:00AM
Business Wire
DRS Technologies, Inc. (NYSE: DRS) announced today that it received
three contract awards worth approximately $55 million from the U.S.
Army�s Communications-Electronics Command (CECOM) at Fort Monmouth,
New Jersey to manufacture more than 2,300 Tactical Quiet Generators
(TQG). The first delivery order is worth $37 million, the second
delivery award is worth more than $10 million, and the third
delivery order is valued at approximately $8 million. The orders
include 5-, 10- and 15-kilowatt TQGs, which will be manufactured
and delivered between April 2008 and April 2009. The delivery
orders are part of a $369 million Indefinite Delivery/Indefinite
Quantity contract with CECOM, placed immediately prior to the
initial delivery award. CECOM placed the order on behalf of various
Army, Navy and Air Force units through the Army�s Program Executive
Office for Command, Control and Communications Tactical, and its
subordinate office of Project Manager for Mobile Electric Power at
Fort Belvoir, Virginia. The awards continue a long-term production
program for the Army, which initially began as a development
program in 1997. After the company�s success in producing such a
dependable and useful power source as the TQG, the program moved
into full production phase. Since then, DRS has been the premier
provider of these generators for the military. To date, DRS has
manufactured more than 10,000 10-kilowatt TQGs for the military,
and by the end of the year, will have produced more than 21,000
3-kilowatt units, as well. Work on these contracts will be
accomplished by the company�s DRS Fermont unit in Bridgeport,
Connecticut. DRS Fermont has been a leading designer and
manufacturer of rugged, reliable military generators since World
War II, and is the largest supplier of generators to the U.S.
military. DRS manufactures the TQG in 3-, 5-, 10-, 15-, 100- and
200-kilowatt versions. Whether for training missions or real-world
peacekeeping and combat operations, the company�s suite of TQGs is
engineered and manufactured to meet the stringent U.S. military
requirements for an efficient, rugged and portable source of
electrical power. DRS� TQGs provide military forces with a reliable
power source that is lightweight, quiet and can be used in remote
field locations wherever electrical power is needed. DRS�
next-generation 100- and 200-kilowatt TQGs feature an advanced
electronic diagnostics and prognostics package, and a
state-of-the-art digital control panel. 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.
Leonardo DRS, Inc. (NYSE:DRS)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024
Leonardo DRS, Inc. (NYSE:DRS)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024
Notícias em tempo-real sobre Leonardo DRS, Inc. da New York Stock Exchange bolsa de valores: 0 artigos recentes
Mais Notícias de DRS Technologies, Inc.