DRS Technologies Awarded $42 Million Contract for U.S. Army Heavy Ammunition Trailers
Friday, September 19, 2008 9:01 AM
Symbols: DRS

PARSIPPANY, NJ -- (Marketwire) -- 09/19/08 -- DRS Technologies, Inc. (NYSE: DRS) announced today that it received a $42 million order to build more than 670 additional M989A1 Heavy Expanded Mobility Ammunition Trailers (HEMATs).

The order is part of a previously awarded fixed-price, five-year Indefinite Delivery/Indefinite Quantity contract from the U.S. Army's Tank-Automotive and Armaments Command in Warren, Michigan. Work for this contract is being performed by the company's DRS Sustainment Systems, Inc. unit in West Plains, Missouri.

The HEMATs are part of the U.S. Army's future force transformation and modularization into combat brigades. The trailer has a heavy cargo capacity to transport various payloads such as Multiple Launch Rocket System pods, palletized or non-palletized conventional ammunition and fuel bladders. The trailers can be operated on paved, unpaved or cross-country roads.

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

(Source: Market Wire )

More Options



Subscribe to Email Alerts rss feed or RSS feeds rss feed for articles from more than 300 contributors and press releases, SEC filings and full text news from thousands of sources.


 
Rate :  Rate this Commentary  


 Number of Comments (0) Post Comment
 
  
Good Rating(+1)    Bad Rating(-1)
No Data Found

 
Enter Symbol
Enter Search String
Bookmark This Article
Email Article

Send this article by email


Recipient's Name
Recipient's E-mail
Your Name
Your E-mail
Related Quotes

 
  Home | Login |Research | Earnings | Scans | Chat Rooms | Charts | Submit Article | Join Blog Network | Contributors | Subscribe to RSS

copryright 2008 all rights reserved