March 08, 2012
DRS Technologies Awarded $68.7 Million for Highly Mobile Fuel Storage and Distribution System
PARSIPPANY, NJ, MARCH 8, 2012 – DRS Technologies, Inc. a Finmeccanica Company announced its Sustainment Systems division has been awarded a $68.7M contract for Tank Rack Modules (TRM) for the U.S. Army’s Modular Fuel System (MFS).
This recent order from the Army's Program Manager, Petroleum and Water Systems at the TACOM Lifecycle Management Command is the full rate production contract stemming from DRS’ successful design, development, and qualification of the MFS.
DRS’ MFS is a new, highly mobile tactical fuel storage and distribution system to support the warfighter in the field. Each Tank Rack Module stores 2,500 gallons of fuel and is transportable as an ISO compatible system directly to the field.
“One of our most important missions is to sustain our ground troops with flexible, responsive liquid logistics solutions where and when they need it. The Modular Fuel System significantly increases the deployability and efficiency of the Army’s fuel storage and delivery systems,” says Joseph Matteoni, vice president and general manager of DRS Sustainment Systems, Inc. “We are proud to play a central role in our military’s ongoing efforts to improve its logistics and sustainment capabilities.”
DRS Technologies, headquartered in Parsippany, NJ, 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 more than 71,000 people worldwide. For more information about DRS Technologies, please visit the company’s website at www.drs.com.
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