U.S. NAVY AWARDS DRS WITH COMMON DISPLAY SYSTEM CONTRACT

ARLINGTON, VA, September 6, 2012 -- DRS Technologies, Inc., a Finmeccanica Company, announced that its business unit, DRS Laurel Technologies of Johnstown, Pa., has been awarded a contract to provide the U.S. Navy with the Variant A Common Display Systems (CDS) that will be used on surface ships, submarines and aircraft carriers. 

The indefinite-delivery/indefinite-quantity contract has a potential value of $23.4 million. DRS has received an initial delivery order for production and qualification of three CDS consoles, configuration options and spares.

Work will be performed in Johnstown, Pa., and is expected to be completed by May 2013.

“The Common Display System program will enhance situational awareness for sailors,” said Patrick Marion, vice president and general manager of DRS Laurel Technologies. “We are extremely proud and pleased to be associated with this critical program. For more than 17 years, we have delivered high quality products on schedule to the Navy. This work will continue that tradition.”

“Playing a key role in the performance of this contract will be our teammate, Lockheed Martin,” noted Marion.

About DRS Technologies

DRS Technologies 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 S.p.A. (FNC.MI) which employs approximately 70,000 people worldwide.

Learn more about DRS