U.S. ARMY AWARDS DRS WITH TARGET LOCATION AND DESIGNATION SYSTEMS CONTRACT

ARLINGTON, VA, April 29, 2013 -- DRS Technologies, Inc., a Finmeccanica Company, announced today that it has been awarded a $15.5 million contract by the U.S. Army for an advanced targeting system. The cost-plus-fixed-fee, incrementally-funded contract by the U.S. Army Contracting Command, Aberdeen, MD is for the Engineering and Manufacturing Development phase of the Joint Effects Targeting System (JETS) Target Location and Designation System (TLDS). 

The management, design and manufacture of these prototype systems will be performed at DRS facilities in Dallas, Texas and Melbourne, Florida with an estimated completion date in March 2016.

“The DRS JETS solution is the result of several years of innovation and development. We offer an integrated design that affordably improves soldier precision targeting capability,” said Mike Sarrica, President of DRS Network & Imaging Systems. “This award is a testament to the hard work and dedication of DRS team members to understanding our customer’s requirements and developing, qualifying, testing and producing a superior product.”

Systems delivered as part of the JETS program will provide the dismounted Forward Observer and Joint Terminal Attack Controller the ability to acquire, locate and mark for precision Global Positioning System-guided and laser-guided munitions. The TLDS component of this system will provide the dismounted Forward Observer with a common and light-weight handheld precision targeting capability.

About DRS Technologies

DRS Technologies, Inc. (DRS) is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The company is a wholly owned subsidiary of Finmeccanica SpA (FNC.MI), which employs approximately 70,000 people worldwide.

About DRS Technologies Network and Imaging Systems

Within DRS, the Network and Imaging Systems (NIS) Group manufactures and supports advanced electro-optical sensor systems, and develops innovative networking capabilities that integrate these sensors in a broader tactical C4 environment. NIS operates in Dallas, Texas; Melbourne, Fla.; Cypress, Calif.; Huntsville, Ala.; Columbia, Md.; and the United Kingdom.

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