DRS Receives a $42 M Contract from the U.S. Army to Support the Mast Mounted Sights on Its Kiowa Warrior Helicopters

(Parsippany, N.J., December 20, 2007) -- DRS Technologies, Inc. (NYSE: DRS) announced today that it received a $42 million contract from the U.S. Army's Aviation and Missile Command (AMCOM) at Redstone Arsenal in Huntsville, Alabama, to provide engineering support, field service support and general depot repairs for the Mast Mounted Sights (MMS) on OH-58 Kiowa Warrior attack helicopters.

DRS also will provide post-production, engineering assistance and depot support for obsolescence mitigation. The work for this award will be accomplished by the company's DRS Sensors & Targeting Systems - Optronics Division in Melbourne and Palm Bay, Florida.


The contract is part of a five-year Indefinite Delivery/Indefinite Quantity (IDIQ) contract awarded to DRS in December 2003 and has a maximum value in excess of $700 million. To date, the company has been awarded approximately $318 million from AMCOM under this contract. Product deliveries and services under the $42 million contract are scheduled to start immediately with completion expected by September 2009.

"As a premier supplier of infrared sighting, targeting and night vision systems for the U.S. Army, DRS is committed to supporting the Kiowa Warrior's mast mounted sight program and keeping it as valuable to the warfighter today, as when it was introduced decades ago," said James M. Baird, president of DRS' Reconnaissance, Surveillance & Target Acquisition (RSTA) business segment.

Source : DRS Technologies Inc.