DRS Awarded $42 M for Heavy Ammunition Trailers

(Parsippany, NJ., September 19, 2008) -- DRS Technologies, Inc. (NYSE: DRS) announced today that it received a $42 million order to build more than 670 additional M989A1 Heavy Expanded Mobility Ammunition Trailers (HEMATs).

The order is part of a previously awarded fixed-price, five-year Indefinite Delivery/Indefinite Quantity contract from the U.S. Army's Tank-Automotive and Armaments Command in Warren, Michigan. Work for this contract is being performed by the company's DRS Sustainment Systems, Inc. unit in West Plains, Missouri.


The HEMATs are part of the U.S. Army's future force transformation and modularization into combat brigades. The trailer has a heavy cargo capacity to transport various payloads such as Multiple Launch Rocket System pods, palletized or non-palletized conventional ammunition and fuel bladders. The trailers can be operated on paved, unpaved or cross-country roads.

Source : DRS Technologies Inc., A Finmeccanica Company (Milan: FNC.MI)