DRS Receives $25.5M in New Contracts for U.S. Air Force

(PARSIPPANY, N.J.) -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received two contracts with a combined value of $25.5 million to provide a range of engineering, technical and logistics services to support various types of aircraft and equipment for the U.S. Air Force. The primary areas of support will be focused on aircraft fuel accessory test equipment repair, the upgrade of Advanced Fuel Accessory Test Systems (AFATS) and associated equipment and facilities. DRS received the new contracts from the 76th Maintenance Wing, Commodities Division, at Oklahoma City Air Logistics Center, Tinker Air Force Base, in Oklahoma City, Oklahoma. For these contracts, DRS will provide repair, modification and test services for various types of aircraft and support equipment, including hardware and software engineering, quality assurance, configuration management, logistics support for industrial facilities and equipment, and reverse engineering, re-engineering or replicating out-of-production equipment. Work for these contracts will be accomplished by the company's DRS Technical Services unit in Oklahoma City and will continue for four years. "The receipt of these contracts reflects DRS's industry position as a key provider to the U.S. Air Force of a full range of comprehensive capabilities, spanning engineering, logistics, manufacturing, overhaul, repair and production planning for aircraft systems," said Mitchell B. Rambler, president of DRS's Technical Services Segment. The Oklahoma City Air Logistics Center provides and supports the industrial equipment, tooling, processes and associated facility systems required to perform the maintenance, repair and overhaul for numerous aircraft. These aircraft include, but are not limited to, the B-1, B-1B, B-2 and B-52 bombers, E-3 Sentry Airborne Warning and Control System (AWACS), KC-135 Stratotanker, C-135 Stratolifter and C-141 Starlifter airlift aircraft, CH-3C and CH-53 Sea Stallion helicopters, F-4 Phantom II, F-14 Tomcat, F-15 Eagle and F-16 Fighting Falcon combat aircraft, and T-37 Tweet trainer.

Source: DRS Technologies, Inc.
Date: Oct 10, 2006

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