PARSIPPANY, NJ -- (Marketwire) -- 10/21/08 -- DRS Technologies, Inc. (NYSE: DRS) announced
today that it received multiple contract awards worth approximately $91
million from the U.S. Army's Communications-Electronics Command (CECOM) at
Fort Monmouth, New Jersey to manufacture more than 5,000 Tactical Quiet
Generators (TQG) in various sizes.
The generators are in 3-, 5-, 10-, 15- and 100-kilowatt power output sizes,
and will be manufactured by DRS Fermont, in Bridgeport, Connecticut. The
generator sets will be delivered between March 2009 and March 2011.
The delivery orders are part of multiple existing Indefinite
Delivery/Indefinite Quantity contracts with CECOM, including a $369 million
award established in April 2008 for medium-sized generator sets in the 5-,
10- and 15-kilowatt sizes. CECOM placed these recent orders on behalf of
various Army, Navy and Air Force units through the Army's Program Executive
Office for Command, Control and Communications Tactical, and its
subordinate office of Project Manager for Mobile Electric Power at Fort
Belvoir, Virginia.
"DRS is proud to be able to continue to supply our service personnel with
the reliable, clean and quiet tactical power that they need in order to do
the important job that our nation has asked of them," said Thomas G.
Cornwell, President, DRS Sustainment Systems' business segment.
The awards continue a long-term production program for the Army, which
initially began as a development program in 1997. After the company's
success in producing such a dependable and useful power source as the TQG,
the program moved into full production phase. Since then, DRS has been the
premier provider of these generators for the military.
To date, DRS has manufactured more than 10,000 10-kilowatt TQGs for the
military, and by the end of the year, will have produced more than 21,000
3-kilowatt units as well. DRS Fermont has been a leading designer and
manufacturer of rugged, reliable military generators since World War II,
and is the largest supplier of generators to the U.S. military.
DRS manufactures the TQG in 3-, 5-, 10-, 15-, 100- and 200-kilowatt
versions. Whether for training missions or real-world peacekeeping and
combat operations, the company's suite of TQGs is engineered and
manufactured to meet the stringent U.S. military requirements for an
efficient, rugged and portable source of electrical power. DRS' TQGs
provide military forces with a reliable power source that is lightweight,
quiet and can be used in remote field locations wherever electrical power
is needed. DRS' next-generation 100- and 200-kilowatt TQGs feature an
advanced electronic diagnostics and prognostics package, and a
state-of-the-art digital control panel.
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) 451-3584
Email Contact
Patricia M. Williamson
Vice President, Investor Relations
(973) 898-6025
Email Contact