DRS Receives $46M Order from the U.S. Army to Repair M1000 Heavy Equipment Trailers

(PARSIPPANY, N.J.) -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received a $46 million order to repair more than 200 U.S. Army M1000 Heavy Equipment Transporter (HET) trailers. The order is part of a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) reset contract that was awarded to DRS in October 2004 by the U.S. Army's Tank-Automotive and Armaments Command (TACOM) in Warren, Michigan.

A reset contract involves the repair and retrofit of battle-worn or damaged products to a like-new condition (near zero miles/hours of wear and tear).

The M1000 HET trailer is designed and manufactured by the company's DRS Sustainment Systems unit, and the work for this contract will be performed at its facility in West Plains, Missouri. This recent order by TACOM is the eighth of the IDIQ reset contract. The delivery of the HET trailers is scheduled to start in March 2007 and is expected to be completed a year later in March 2008. At the completion of this order, more than 700 HET trailers will have been refurbished.

"The M1000 trailers used by U.S. Army units deployed to Southwest Asia are operating in one of the world's harshest environments and need to be rebuilt," said Thomas G. Cornwell, president of the company's Sustainment Systems Segment. "We are restoring these trailers to 'zero-hour' condition and adding many new components to significantly extend their service life, so America's soldiers can safely accomplish their missions. We are proud to continue serving the U.S. Army with this successful M1000 reset program."

The M1000 HET is engineered to transport the M1 series of Abrams Main Battle Tanks over primary and secondary roads or cross-country over rough terrain. Due to its extraordinary flexibility, it can carry all types of tracked and wheeled vehicles, containers and large bulk cargo weighing as much as 80 tons, whether on- or off-road.

Source : DRS Technologies

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