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DRS Technologies Receives Satellite Communications Contract
(Marketwire Via Acquire Media NewsEdge) PARSIPPANY, NJ, September 16 / MARKET WIRE/ --
DRS Technical Services, Inc. (NYSE: DRS),
Herndon, Va., is being awarded a $15,733,333
indefinite-delivery/indefinite-quantity, firm-fixed-price contract for
satellite communications equipment and training. This contract includes
options which, if exercised, would bring the cumulative value of the
contract to an estimated $47,200,000. Work will be performed in Herndon,
Va., and is expected to be completed by Aug. 2011. Contract funds will not
expire at the end of the current fiscal year. This contract was
competitively procured via the Federal Business Opportunities web site and
the Space and Naval Warfare Systems Command
E-commerce website, with seven offers received. The Space and Naval Warfare
Systems Center, Charleston, S.C., is the contracting activity
(N65236-08-D-5152).
The Technical Services segment provides comprehensive network and
information technology support and services to domestic and international
users in remote, austere and hazardous locations. The segment offers a
broad range of mission-critical solutions including data distribution
networks and complex telecommunications systems for data,
Voice-over-Internet-Protocol (VOIP), conventional telephone, and video
applications delivered over integrated satellite, terrestrial and wireless
networks. Additionally, the segment develops, manufactures and provides
engineering and logistics support for aircraft sustainment and fuel and
water distribution management as well as integrated physical security and
intrusion domestic systems for domestic and international military forces.
DRS Technologies, headquartered in Parsippany, New Jersey, is a leading
supplier of integrated products, services and support to military forces,
intelligence agencies and prime contractors worldwide. The company employs
approximately 10,000 people. For more information about DRS Technologies,
please visit the company's web site at www.drs.com
For additional information please contact:
Richard M. Goldberg
Vice President, Public Affairs
(973) 451-3584Email Contact
or
Patricia M. Williamson
Vice President, Investor Relations
(973) 898-6025Email Contact
Copyright ? 2008 Marketwire
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