DRS Receives $531 M to Produce JV-5 Computing and Display Systems

(Parsippany, N.J., December 10, 2008) -- DRS Technologies, Inc., A Finmeccanica Company, announced today that it received an Indefinite Delivery Indefinite Quantity (IDIQ) $531 million contract ceiling extension to its current JV5 production contract, to provide JV-5 ultra-rugged vehicle computing and display systems for the U.S. Army's Force XXI Battle Command, Brigade and Below (FBCB2) program and Blue Force Tracking (BFT) and the United States Marine Corps (USMC) situational awareness requirements. This IDIQ contract provides for an indefinite quantity of JV-5 vehicle computing and display systems over the next five years, allowing the U.S. Army to place delivery orders against this contract for individual requirements. The ceiling extension was awarded to DRS by the U.S. Army's Communication-Electronics Life Cycle Management Command (CELCMC) in Fort Monmouth, New Jersey.

The JV-5 vehicle computing system includes new technologies such as multi-core processors, increased memory, greater data storage and expansion capability to allow for future technology improvements. These enhancements provide the computer systems with better graphics processing, data handling and system networking capabilities.


The company's DRS Tactical Systems unit in Melbourne, Florida will manufacture the systems and is scheduled to continue delivering them through 2012. The company's vehicle computer systems are being installed on more than 40 types of U.S. Army and Marine Corps wheeled and tracked vehicles, at tactical operations centers and other command post platforms. Since 1999, DRS has delivered more than 65,000 systems.

"DRS is proud to continue production deliveries of the JV-5 rugged computer and display system in support of US Army and US Marine Corps efforts to expand platform situational awareness. We appreciate the continued trust and confidence displayed by our customers in DRS and in our mission critical tactical computing systems," said Mike Sarrica, vice president and general manager of DRS Tactical Systems. "We take great pride in delivering reliable computing systems that our Soldiers and Marines can depend on."

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