DRS Technologies, Inc., A Finmeccanica Company, announced that its C3 & Aviation Group received a one-year incrementally funded option to their current Fixed Firm Price (FFP) contract to provide Contractor Logistics Support (CLS) for the U.S. Navy's E-6B Take Charge and Move Out (TACAMO) and Airborne Command Post (ABNCP) aircraft fleet.
This IDIQ contract option was awarded by Naval Air Systems Command in Patuxent River, Maryland and has a potential value of up to $48.4M.
Under the terms of this contract modification, DRS will manage government-owned inventory and provide additional material support for E-6B aircraft. DRS will also provide residual spares for other Boeing 707 derivative programs, such as the U.S. Air Force's VC-137 and C-18.
The previously awarded CLS contract includes procurement, storage, warehouse management, and issuing/receiving of all CLS managed inventory.
"We are proud to be part of the Navy team in support of the E-6B platform. We have worked diligently to provide the best 'round the clock' support and are honored by the opportunity to support team TACAMO." said Rear Admiral, USN (Ret) Ed Boyington, VP/GM of Aviation & Logistics at DRS C3 & Aviation Group.
The majority of the work for this option will be performed at Tinker Air Force Base (AFB), Oklahoma. Work will also be executed at Travis AFB, California; Naval Air Station Patuxent River, Maryland; and Offutt AFB, Nebraska.
Source: DRS Technologies Inc., A Finmeccanica Company (Milan: FNC.MI)
Date: Jan 17, 2012