The Parsippany defense tech company is expected to complete product deliveries by Dec. 2008.DRS Technologies (NYSE: DRS) said today that it has received $33 million in new orders from the U.S. Army Aviation and Missile Command (AMCOM) to support and service mast mounted sights (MMS) on combat helicopters. AMCOM is based at the Redstone Arsenal in Huntsville, Ala., while DRS, a defense technology company, is headquartered in Parsippany.
DRS is providing depot repair, spares and field service support for MMS on the OH-58D Kiowa Warrior helicopters, as well as post-production, engineering and depot support. The orders are part of a five-year, $514 million U.S. Army indefinite delivery/indefinite quantity (IDIQ) contract awarded to DRS in December 2003. The DRS Optronics unit in Melbourne, Fla., is conducting the work required for the orders, with product deliveries expected to wrap up by December 2008.
ÂAs a premier supplier of infrared sighting, targeting and night vision systems for the U.S. Army, we remain committed to providing the latest enhancements for the Kiowa Warrior helicopter to extend its operational capability in the battle space,Â said Fred L. Marion, president of DRS”s Surveillance & Reconnaissance Group. DRS stock gained $0.42 to $51.33 in late morning trading.