DRS Receives $51 M for Thermal Weapon Sights from US Army

(Parsippany, N.J., April 30, 2008) -- DRS Technologies, Inc. (NYSE: DRS) announced today the receipt of new contract orders totaling over $51 million to produce Thermal Weapon Sights II (TWS II). The contracts were awarded by the U.S. Army's Research, Development & Engineering Command's (RDECOM) Acquisition Center at the U.S. Army Garrison Aberdeen Proving Ground in Maryland, acting on behalf of Program Executive Office Soldier at Fort Belvoir, Virginia.

Contract work will be performed by two of the DRS Sensors & Targeting Systems divisions - the Optronics Division in Palm Bay and Melbourne, Florida, and the Infrared Technologies Division in Dallas, Texas.

These new orders are part of a five-year, $2.3-billion Indefinite Delivery/Indefinite Quantity (ID/IQ) TWS II Bridge contract awarded to DRS in 2007. Additional ID/IQ contracts are expected as funding is available enabling the Army to order up to 150,000 TWS II systems to support fielding needs.

"The Warfighter demand for night vision equipment remains robust, and the requirement for thermal weapon sights continues to increase," said James M. Baird, president of DRS' Reconnaissance, Surveillance & Target Acquisition (RSTA) Segment. "We're committed to supporting our nation's front-line Warfighters with increased production to meet that demand, and it's an honor to be helping them to accomplish their missions safely and effectively."

Source : DRS Technologies Inc.

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