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DRS Receives 44 Million in Orders for Advanced Intelligence Equipment

The orders are from various intelligence agencies, U.S. government organizations and domestic and international defense prime contractors.DRS Technologies (NYSE: DRS) of Parsippany announced Thursday that it has received orders from various intelligence agencies and U.S. government organizations, as well as domestic and international defense prime contractors, for a combined value of about $44 million.
The orders are to provide advanced intelligence equipment supporting all installation types used in the collection of communications-intelligence and signal-intelligence data. These products will be used in man-portable, fixed-site and mobile applications supporting the intelligence community.
For these orders, the company’s DRS Signal Solutions unit in Gaithersburg, Maryland, will provide various high-performance tuners, receivers, demodulators and direction-finding equipment. Product deliveries are expected to be completed in six months.
DRS’ receivers, tuners, demodulators and signal analyzers perform signal intercept, including cellular intercept, identification, direction finding, location and analysis functions within the 5 kHz-to-40 GHz frequency spectrum. The company’s product lines range from miniature, single-function components to integrated assemblies and systems.
At 12:50 p.m. DRS shares were up $0.25 to $49.58.

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