BNET Industries
DRS Technologies Inc. (DRS) is in the Technology Industry
- Revenue
- Mar 31 2008
- $3.2B
- Profit
- Mar 31 2008
- $165.7M
- Market Cap
- Oct 21 2008
- $3.3B
Latest News and Analysis
U.S. Army Awards DRS Technologies $91 Million in Contracts for Tactical Quiet Generators
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-...
DRS Update: The Company's Acquisition Could Be Sensitive
The M & A Researcher submits: Despite the late entrance in covering this DRS Technologies DRS transaction it has quickly become one of the more difficult to assess, particularly with respect to the Exon-Florio review, in recent memory. On the positive side, the CFIUS has shown little resistance to...
DRS Technologies Receives $116 Million Contract to Provide Infrared Sighting Systems for U.S. Army Tanks and Other Combat Vehicles
DRS Technologies, Inc. (NYSE: DRS) announced today that it received a $116.6 million contract from the Raytheon Company's (NYSE: RTN) Network Centric Systems business in McKinney, Texas, to provide Horizontal Technology Integration Second Generation Forward Looking Infrared HTI SGF sighting systems and components used aboard U.S. Army combat and tactical-wheeled...
Finmeccanica F1Q09 (Qtr End 6/30/08) 2008 Earnings Call Transcript
Question-and-Answer SessionLet's take the first...first questions. [inaudible] there are no questions today? No. Yes. Ed Stacey - HSBC Hi, can you hear me now. Unidentified Company Representative Yes. Ed Stacey - HSBC It's Ed Stacey from HSBC with just one question. The Aeronavali plant, to reorganize that activity, are...
Joint Presentation by DRS Technologies and Finmeccanica to be Broadcast on the Internet
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that the company's joint presentation with Finmeccanica S.p.A. (FNC.MI) at the ANdAZ Hotel, formerly the Great Eastern Hotel, in London, U.K., will be broadcast live over the Internet. The joint presentation will follow the presentation by Finmeccanica's management of their...
DRS Awarded $16 Million US Army Contract for Multi-Temperature Refrigeration Container Systems
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE:DRS) announced today that it received a $16.2 million order to provide Multi-Temperature Refrigeration Container System MTRCS units to the U.S. Army's Natick Soldier Systems Center at Natick, Massachusetts. The full-rate production order is part of a previously awarded fixed price five-year Indefinite...
DRS Technologies Reports Record Fourth Quarter and Fiscal 2008
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) today reported record financial results for the fiscal 2008 fourth quarter and year, which ended March 31, 2008. Results for both periods included higher revenues, operating income, net earnings and earnings per share than the same periods a year earlier. For fiscal...
DRS Technologies Inc. of N.J. and Smiths Detection of Edgewood get
DRS Technologies Inc., of Parsippany, N.J., and Smiths Detection, of Edgewood, announced they have signed an agreement to jointly develop and produce the model 4A Chemical/Biological Protective Shelter, a contamination free, environmentally controlled working area that enables medical combat and combat service support personnel to work freely without continuously wearing...
DRS Technologies Receives $51 Million in New Orders for Thermal Weapon Sights from US Army
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today the receipt of new contract orders totaling over $51 million to produce Thermal Weapon Sights II TWS II. The contracts were awarded by the U.S. Army's Research, Development & Engineering Command's RDECOM Acquisition Center at the U.S. Army Garrison Aberdeen...
DRS Technologies, Inc. F3Q08 (Qtr. End 12/31/07) Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first question will come from the line of Gary Liebowitz of Wachovia. Please proceed. Gary Liebowitz - Wachovia Capital Markets Good morning Mark and I guess Richard is there too. Mark S. Newman - Chairman, President and Chief Executive Officer Yes. Richard A. Schneider -...
DRS Technologies, Inc. F3Q08 (Qtr. End 12/31/07) Earnings Call Transcript
Question-and-Answer Session[Operator Instructions]. Your first question will come from the line of Gary Liebowitz of Wachovia. Please proceed. Gary Liebowitz - Wachovia Capital Markets Good morning Mark and I guess Richard is there too. Mark S. Newman - Chairman, President and Chief Executive Officer Yes. Richard A. Schneider -...
DRS Technologies Receives Two Contracts Totaling Approximately $69 Million to Build and Test Improved Bradley Acquisition Systems for U.S. Army Bradley Fighting Vehicles
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that during its fiscal 2008 third quarter it received two contracts totaling approximately $69 million from BAE Systems' Plc, (LSE: BA.L) U.S. subsidiary, BAE Systems, Inc., to manufacture, test and deliver Improved Bradley Acquisition Systems IBAS for U.S. Army M2A3...
DRS Technologies, Inc. F3Q08 (Qtr. End 12/31/07) Earnings Call Transcript
Earnings Call ExcerptDRS Technologies Inc. DRS Q3 FY08 Earnings Call February 08, 2008, 09:00 AM ET Executives Patricia M. Williamson - VP. IR Mark S. Newman - Chairman, President, and CEO Richard A. Schneider - EVP and CFO Analysts Gary Liebowitz - Wachovia Capital Markets George Shapiro - Citigroup...
DRS Technologies Receives an $11 Million Contract, Including Options, to Conduct Installation Level Reviews of the United States Department of Defense's Fixed Fuel Site Facilities
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it received an $11 million contract, including options, from Booz Allen Hamilton, Inc., to conduct installation level reviews of the U.S. Department of Defense's DoD fixed fuel site facilities around the world. The work is part of a sustainment,...
Security Solutions International Orders Purchase of Universal Detection Technology Ricin Toxin detection kits.
M2 PRESSWIRE-11 January 2008-InvestSource Inc.: Security Solutions International Orders Purchase of Universal Detection Technology Ricin Toxin detection kitsC1994-2008 M2 COMMUNICATIONS LTD RDATE:11012008 Stocks in the News: Universal Detection Technology, Inc. (OTC BB: UDTT), Northrop Grumman Corporation (NYSE: NOC), TASER...
CHAT LIVE with other shareholders about: (NYSE: NOC), (NASDAQ: TASR), (NYSE: DRS).
M2 PRESSWIRE-11 January 2008-Stockwire.com: CHAT LIVE with other shareholders about: (NYSE: NOC), (NASDAQ: TASR), (NYSE: DRS)C1994-2008 M2 COMMUNICATIONS LTD RDATE:11012008 AUSTIN, TX -- Have you ever found yourself wondering what other shareholders of your favorite stock were thinking? ...
DRS Technologies Receives an Omnibus III Contract from the U.S. Army Worth up to $150 Million to Provide Logistics, Programmatic and Technical Services
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it received an Omnibus III contract from the U.S. Army's Program Executive Office for Combat Support & Combat Service Support (PEO CS&CSS) in Warren, Michigan. The contract is worth up to $150 million during the next five years. ...
DRS Technologies Receives a $6 Million Contract from the U.S. Army to Manufacture Heavy Duty Tank Trailers for the Israeli Army
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it received a $6 million contract from the U.S. Army's Tank-Automotive and Armaments Command TACOM in Warren, Michigan, to manufacture 80-ton Heavy Duty Tank Trailers HDTT for the Israel Defense Forces IDF. The IDF's army will use the DRS-manufactured...
DRS Technologies Receives $7 Million Contract to Produce Avionics Maintenance Equipment for the U.S. Marine Corps and U.S. Air Force
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it received a $7 million contract from the McDonnell Douglas Corporation, a wholly owned subsidiary of the Boeing Company (NYSE: BA), to manufacture Reconfigurable Transportable Consolidated Support System RTCSS subsystems for the U.S. Marine Corps and U.S. Air Force....
DRS Technologies Reports Record Second Quarter Results
Company Raises Fiscal 2008 Guidance PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) today reported record financial results for the second quarter of fiscal 2008, which ended September 30, 2007. Results for the period included higher revenues, operating income, net earnings and earnings per share than the same quarter...
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- Incorporated: 1968
- CEO: Mr. Mark S. Newman
DRS Technologies is a supplier of defense electronic products, systems and military support services. Co. provides products and services to branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies, international military forces and industrial markets, focusing on areas such as command and control, intelligence, surveillance, reconnaissance, power management, battlefield digitization, communications and networks, military vehicle diagnostics, troop sustainment and technical support. Co. also provides support services to the military, including telecommunication and information technology services, and training and logistics support services.
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DRS Technologies Inc. Company Info
Board of Directors
Mr. Mark S. Newman
Chairman
General Dennis J. Reimer
General Charles G. Boyd
Mr. William F. Heitmann
Mr. C. Shelton James
Admiral Stuart F. Platt
Mr. Eric J. Rosen
Dr. Donald C. Fraser
Mr. Steven S. Honigman
Mr. Ira Albom
Mr. Mark N. Kaplan
Contact Information
5 Sylvan Way
Parsippany, NJ
973 898-1500
NAICS Code
Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing: 334511
