DRS Receives $20.6 M for Additional Logistics Support of Kiowa Warrior MMS

(Parsippany, N.J., July 8, 2010) -- DRS Technologies, Inc. announced today that it has received two delivery orders valued at $20.6 million for logistics support of DRS' Mast Mounted Sights (MMS).

The orders were issued against a basic five-year Indefinite Delivery Indefinite Quantity (IDIQ) contract awarded in December 2008 that covered repairs from July 2010 through March 2013.

The basic contract with the U.S. Army for logistics support of the MMS includes spares, repairs, support services, field service and forward repair activities in the field.

Included in this most recent award are depot-level repair and return of MMS Line Replaceable Units (LRUs) and Shop Replaceable Units (SRUs) delivered to DRS through the U.S. Army's supply system.

The work will be carried out by the Melbourne, Florida operation of DRS Technologies' Reconnaissance, Surveillance & Target Acquisition (RSTA) business group.

The orders were issued by the U.S. Army's Aviation and Missile Command (AMCOM) at Redstone Arsenal in Huntsville, Alabama, to fund additional repairs for 2010.

To date, total orders against this contract have exceeded $212 million of its $913 million maximum that it is part of an IDIQ released on February 2009.

Used on the OH-58D Kiowa Warrior helicopter, the MMS is an electro-optical system that allows Warfighters to identify and target potential threats day or night, through smoke and dust, and in adverse weather conditions.

Bob Klaver, DRS RSTA vice president of Aviation and Maritime Programs: "Our MMS systems demonstrate operational readiness exceeding 97% which gives users a significant advantage in acquiring, identifying and engaging targets under just about any circumstances. This high level of readiness is largely the result of the U.S. Army's commitment to keeping critical equipment operating at peak performance through first-rate logistics support. What we bring to the table is outstanding technology backed by ongoing obsolescence and reliability improvements and truly excellent service."

Terry Murphy, President, DRS Reconnaissance, Surveillance & Target Acquisition (RSTA): "At DRS, our unchanging goal is to provide superior systems and support to our armed forces, in particular, the U.S. Army Aviation units engaged in Operation Iraqi Freedom and Operation Enduring Freedom. Our success in achieving this goal translates into a solid future for our company, and safer, more effective operation for our Warfighters."

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