$55.8M for Thermal Imaging Systems
DRS Technologies secured awards worth nearly $55.8 million for thermal-imaging systems that will be mounted on M1A1 Abrams tanks and/or used by soldiers to see enemies before they can be seen.
DRS Optronics won a $12.8 million contract from Raytheon Co.’s Network Centric Systems Division in Texas. Those systems will be mounted on M1A1 Abrams main battle tanks to increase the Marine Corps’ ability to fight in bad weather conditions during the day or through the dark of night at longer ranges, increasing survivability and cutting down on the chance of hitting a friendly target. Product deliveries are expected to start in September and conclude in November 2006.
In another deal, DRS Optronics received a $43 million award from the Army’s Communications-Electronics Command in Fort Monmouth, N.J., DRS Optronics will make thermal weapon sights for light, medium and heavy weapons, including machine guns, sniper rifles, rocket and grenade launchers and other automatic weapons. Deliveries will span FY 2006, beginning October 2005 and concluding in October 2006. The award is an option related to a previous five-year contract it won in March 2004, with a base value of $118 million and options up to $375 million.
See Florida Today (June 14/05) – DRS gets $55.8M in contracts