BNET Industries

DRS Technologies Inc.

(DRS) is in the Technology Industry

Last Fiscal Year Sales:$3.2B

Public
US

Dow Jones Description

Founded in 1968 and headquartered in Parsippany, NJ, DRS Technologies, Inc. (NYSE: DRS) supplies electronic products and systems for defense. The company has two segments: Command-Control-Communications-Computers-Intelligence (C4I) and the Surveillance-Reconnaissance (SR). It offers display systems, radar, technical support, integration, secure communications, power systems, intelligence, weapons systems, data and imaging systems, and more. It markets in North America, Europe, Australia, and Israel. The company recently acquired Engineered Support Systems.

Chairman & Chief Executive Officer

Mark S. Newman

Number of Employees 10,200

Contact Information

5 Sylvan Way

Parsippany, New Jersey 07054

www.drs.com

(973) 898-1500

Peer Companies

NAICS Code Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing: 334511

Recent Events

Mark A. Dorfman: DRS Technologies Inc.

12/07/09 - Mgmt. Change Entering - Legal - View Story
DRS Technologies, Inc. Completes Acquisition of Soneticom, Inc.

9/22/09 - Merger / Acquisition - View Story

News & Analysis

aircraft and drs technologies inc. - All News and Analysis

DRS Technologies Receives $7 Million Contract to Produce Avionics Maintenance Equipment for the U.S. Marine Corps and U.S. Air Force

- 2007-12-10

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....

Tags: Air Force, aircraft, DRS Technologies Inc., Manufacturing, subsystem
DRS Technologies Receives $25.5 Million in New Contracts to Provide Engineering and Logistics Support Services for U.S. Air Force

- 2006-10-09

PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received two contracts with a combined value of $25.5 million to provide a range of engineering, technical and logistics services to support various types of aircraft and equipment for the U.S. Air Force. The primary areas of...

Tags: Air Force, aircraft, DRS Technologies Inc., logistics, Manufacturing
DRS Technologies to Provide Airborne Subsystems Air Combat Training on Large U.S. Air Force Program

- 2004-06-09

Business Editors/High-Tech Writers PARSIPPANY, N.J.--BUSINESS WIRE--June 9, 2004 Company Estimates Potential Value of Its Subcontracts to Exceed $360 Million DRS Technologies, Inc. (NYSE: DRS) announced today that it will provide next-generation airborne instrumentation subsystems for air combat training to Cubic Defense Applications, a segment of Cubic...

Tags: Air Force, aircraft, Company, DRS Technologies Inc., Manufacturing, training
DRS Technologies Receives New U.S. Army Special Operations Contract to Produce Intelligence Broadcast Receivers for Military Aircraft

- 2003-11-18

Business Editors PARSIPPANY, N.J.--BUSINESS WIRE--Nov. 18, 2003 Contract Valued at $62 Million, Including Options DRS Technologies, Inc. (NYSE: DRS) announced today that it has been awarded a new contract, valued at $62 million including options, to develop and produce ConcordTM Intelligence Broadcast Receivers IBRs for installation on...

Tags: aircraft, DRS Technologies Inc., Manufacturing, U.S. Army
DRS Technologies Awarded New Contract to Produce Ground Replay System for U.K. Royal Air Force

- 2002-07-22

Business Editors PARSIPPANY, N.J.--BUSINESS WIRE--July 22, 2002 DRS Technologies, Inc. (NYSE: DRS) announced today that it has received a contract to produce ground support equipment that will optimize the analysis of flight audio and video data for the United Kingdom's Royal Air Force. The contract, valued at...

Tags: Air Force, aircraft, DRS Technologies Inc., Manufacturing, MARKETING, U.K., video

DRS Technologies Awarded New Contract to Produce Ground Replay System for U.K. Royal Air Force

- 2001-06-28

Business Editors PARSIPPANY, N.J.--BUSINESS WIRE--June 28, 2001 DRS Technologies, Inc. (AMEX: DRS) announced today that it has received a contract to produce ground support equipment that will optimize the analysis of flight video data for the United Kingdom's Royal Air Force. For this $3.4 million award, received...

Tags: Air Force, aircraft, DRS Technologies Inc., Manufacturing, MARKETING, U.K., video
DRS Technologies Receives U.S. Army Contract to Develop Leading Edge Infrared Detectors for Aircraft Upgrades

- 2000-11-06

Business Editors PARSIPPANY, N.J.--BUSINESS WIRE--Nov. 6, 2000 Award to Qualify DRS as the Only Domestic Source for Second Generation Infrared Technology for Aviation Modernization Programs DRS Technologies, Inc. (ASE: DRS) announced today that it has received a contract from the U.S. Army to develop leading edge...

Tags: aircraft, DRS Technologies Inc., FINANCE, Manufacturing, SOFTWARE, technology, U.S. Army
Spotlight on industry: DRS Technologies, Inc.

- 2000-03-01

Sea Power: Mr. Newman, could you please describe your impressive five-year record of growth in the defense-electronics and information-technology industries? Newman: DRS Technoloies is a leading provider of naval systems, including the AN/SPS-67 radar system, and computer workstations, which are used to process and display integrated combat, tactical, and sensor...

Tags: DRS Technologies Inc., aircraft
DRS Technologies Appoints Frederic A. Lanes Vice President, Corporate Development

- 1998-12-16

PARSIPPANY, N.J.--BUSINESS WIRE--Dec. 16, 1998--DRS Technologies, Inc. (AMEX: DRS) today announced that Captain Frederic A. Lanes, USN (Ret.) has joined the company as vice president, corporate development at its Parsippany, New Jersey headquarters. Mr. Lanes has 22 years of military experience, having held various positions within U.S. Naval Aviation,...

Tags: aircraft, Business Wire, DRS Technologies Inc., Manufacturing, Strategy
DRS Technologies Awarded $4 Million Contract On U.S. Air Force's Joint Stars Program

- 1998-07-09

PARSIPPANY, N.J.--BUSINESS WIRE--July 9, 1998--DRS Technologies, Inc. (ASE:DRS) announced today that it has been awarded a $4 million contract from Northrop Grumman Corporation's Electronics and Systems Integration Division to provide additional aircraft wire harnesses, cable assemblies, panel boxes, related equipment and spares for two of the U.S. Air Force's E-8C...

Tags: Air Force, aircraft, DRS Technologies Inc., Joint, Manufacturing, U.S.

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Decision Makers

Name (plus bio)	Position
James M. Baird	President, Reconnaissance, Surveillance & Target Acquisition Segment
Mitchell B. Rambler	President, Technical Services Segment
Robert Mehmel	President & Chief Operating Officer
Steven T. Schorer	President, C4I Segment
Thomas G. Cornwell	President, Sustainment Systems Segment
Louis J. Belsito	Chief Information Officer
Richard A. Schneider	Executive Vice President and Chief Financial Officer
Mike L. Bowman	Executive Vice President, Washington Operations
Nina L Dunn	Executive Vice President and General Counsel
Alan R. Gross	Senior Vice President, Contracts and Compliance
Andrea J. Mandel	Senior Vice President, Human Resources
David W. Stapley	Senior Vice President, International Business Development and Government Relations
Jason W. Rinsky	Senior Vice President, Corporate Taxation
Jerry L. Sinn	Senior Vice President, Land Warfare Strategic Plans and Programs
Lawrence K. Brewer	Senior Vice President, Government Relations
Phillip M. Balisle	Senior Vice President, Maritime Strategic Planning
Robert Russo	Senior Vice President, Operations
Alan Barkin	Vice President, Business Operations
Albert S. Moran	Vice President, Strategic Supply Chain Initiatives
Andrea J. Hayward	Vice President, HR
Audrey S. Stern	Vice President
David Sweet	Vice President, Environmental Health and Safety
Mark A. Dorfman	Vice President, Corporate Counsel
Michael W. Hansen	Vice President, Technology and Strategy
Patricia M. Williamson	Vice President, Investor Relations
Richard Goldberg	Vice President, Public Affairs
Steven L. Patterson	Vice President, Internal Controls
Thomas F. Daley	Vice President, Corporate Counsel
W. Christophe Durborow	Vice President, Assistant Controller
Thomas P. Crimmins	Senior Vice President & Controller
C. Shelton James	Director
Eric J. Rosen	Director
Steven S Honigman	Director

Board of Directors

Name (plus bio)	Position
Mark S. Newman	Chairman & Chief Executive Officer
Charles G Boyd	Board of Directors
Dennis J. Reimer	Board of Directors
Donald C. Fraser	Board of Directors
Ira Albom	Board of Directors
Stuart F. Platt	Board of Directors
William F. Heitmann	Board of Directors

Organization	Position	Status
DRS Technologies, Inc.	Chairman & Chief Executive Officer	Current
Keco Industries, Inc.	Chairman and Chief Executive Officer	Current
Drs Technologies Canada, Inc.	Chairman and Chief Executive Officer	Current
DRS Codem Systems, Inc.	Chairman and Chief Executive Officer	Current
National Security, Inc.	Director of Business Executives	Current
Congoleum Corporation	Chairman	Current
Refac Optical Group	Director	Current
3E Technologies International, Inc.	Director	Current
Navy League	Board of Directors	Current
E.F. Johnson Company	Director	Current
Transcrypt	Director	Current
Aerospace Industries Association, Inc	Board of Directors	Current
Refac	Director	Current
OptiCare Health Systems, Inc.	Director	Current
EFJ, Inc.	Director	Current
The Navy League of The United States	Board Member	Current
Enterprise Electronics Corporation	Chairman, President & CEO	Former
Aerospace Industries Association, Inc	Chairman, President & Chief Executive Officer, Drs Technologies, Inc.	Former
DRS Technologies, Inc.	President	Former
DRS Test & Energy Management, Inc.	President	Former
DRS Technologies, Inc.	Chief Financial Officer	Former
Pace University	Master's of Business Administration Degree In Financial Management	Former
American Electronics Association	Chairman	Former
EFJ, Inc.	Chairman of the Board	Former
DRS Technologies, Inc.	Director	Former
Congoleum Corporation	Director	Former
Pace University	MBA	Former
The State University of New York	Bachelor's Degree In Economics	Former
State University of New York at Binghamton	Bachelor's Degree In Economics	Former
DRS Technologies, Inc.	Team Member	Former

Organization	Position	Status
DRS Technologies, Inc.	President, Reconnaissance, Surveillance & Target Acquisition Segment	Current
DRS Infrared Technologies, LP	Vice President & General Manager	Current

Organization	Position	Status
DRS Technologies, Inc.	President, Technical Services Segment	Current

Organization	Position	Status
Keco Industries, Inc.	President, Chief Operating Officer	Current
Drs Technologies Canada, Inc.	President, Chief Operating Officer	Current
DRS Technologies, Inc.	President & Chief Operating Officer	Current
United Industrial Corporation	Board of Directors	Current
Avionics Magazine	Board of Directors	Current
DRS Technologies, Inc.	Executive Vice President	Former
DRS Technologies, Inc.	Executive Vice President	Former
The Strategy Company	Executive Vice President	Former
L-3 Communications Holdings, Inc.	Vice President of Planning	Former
Jabil Circuit, Inc.	Director of Corporate Development	Former
Iona College	Bachelor of Business Administration Degree In Accounting	Former

Organization	Position	Status
DRS Technologies, Inc.	President, C4I Segment	Current
L-3 Communications Holdings, Inc.	President	Former
L-3 Communications Holdings, Inc.	General Manager	Former
AlliedSignal Aerospace		Former

Organization	Position	Status
DRS Technologies, Inc.	President, Sustainment Systems Segment	Current
DRS Sustainment Systems	President	Current

Organization	Position	Status
Keco Industries, Inc.	Senior Vice President, Chief Information Officer	Current
Drs Technologies Canada, Inc.	Senior Vice President, Chief Information Officer	Current
DRS Technologies, Inc.	Chief Information Officer	Current
DRS Codem Systems, Inc.	Senior Vice President, Chief Information Officer	Current
DRS Technologies, Inc.	Senior Vice President	Former
Long Island University	Master of Science In Management Engineering	Former
DRS Technologies, Inc.	Engineering, Finance and Operations Team	Former
Long Island University	Master of Science In Management Engineering	Former
New Jersey Institute of Technology	Bachelor of Science Degree In Industrial Engineering	Former

Organization	Position	Status
DRS Technologies, Inc.	Executive Vice President and Chief Financial Officer	Current
University of Pennsylvania	Master of Science Degree In Accounting	Former
University of Pennsylvania	Bachelor of Science Degree	Former

Organization	Position	Status
DRS Technologies, Inc.	Executive Vice President, Washington Operations	Current
USN Corp		Former
Kansas State University	Bachelor of Arts degree	Former

Organization	Position	Status
DRS Technologies, Inc.	Executive Vice President and General Counsel	Current
A Professional Corporation		Former
DRS Technologies, Inc.	Secretary	Former

Organization	Position	Status
DRS Technologies, Inc.	Senior Vice President, Contracts and Compliance	Current
DRS Codem Systems, Inc.	Executive Director, Corporate Contracts	Current
Corporate Contracts	Executive Director	Current
Keco Industries, Inc.	Executive Director, Corporate Contracts	Current
Drs Technologies Canada, Inc.	Executive Director, Corporate Contracts	Current
DRS Technologies, Inc.	Executive Director, Corporate Contracts	Former
USN Corp	Deputy Director, Contracts and Business Management	Former
USN Corp	Commanding Officer, Navy Regional Contracting Center	Former
University of Michigan	Master of Business Administration	Former
University of North Dakota	Bachelor of Science Degree In Business Administration	Former
University of North Dakota	Business Administration	Former

Organization	Position	Status
Drs Technologies Canada, Inc.	Senior Vice President, Human Resources	Current
DRS Codem Systems, Inc.	Senior Vice President, Human Resources	Current
DRS Technologies, Inc.	Senior Vice President, Human Resources	Current
Keco Industries, Inc.	Senior Vice President, Human Resources	Current
DRS Technologies, Inc.	Director, Human Resources	Former
Rutgers University	Master of Business Administration Degree	Former
Michigan State University	Bachelor of Science	Former

Organization	Position	Status
DRS Technologies, Inc.	Senior Vice President, International Business Development and Government Relations	Current
International Business Development	Senior Vice President	Current
Spar Aerospace Limited	President, Flight Safety and Communications Group	Former
Spar Aerospace Limited	Applied Systems Division Team	Former

Organization	Position	Status
DRS Technologies, Inc.	Senior Vice President, Corporate Taxation	Current

Organization	Position	Status
DRS Technologies, Inc.	Senior Vice President, Land Warfare Strategic Plans and Programs	Current

Organization	Position	Status
DRS Technologies, Inc.	Senior Vice President, Government Relations	Current

Organization	Position	Status
DRS Technologies, Inc.	Senior Vice President, Maritime Strategic Planning	Current

Organization	Position	Status
DRS Technologies, Inc.	Senior Vice President, Operations	Current
DRS Codem Systems, Inc.	Senior Vice President, Operations	Current
Keco Industries, Inc.	Senior Vice President, Operations	Current
Drs Technologies Canada, Inc.	Senior Vice President, Operations	Current
Photronics, Inc.	Chief Financial Officer	Former
DRS Photronics, Inc.	Executive Vice President	Former
Photronics, Inc.	Executive Vice President	Former

Organization	Position	Status
DRS Technologies, Inc.	Vice President, Business Operations	Current

Organization	Position	Status
DRS Technologies, Inc.	Vice President, Strategic Supply Chain Initiatives	Current

Organization	Position	Status
DRS Technologies, Inc.	Vice President, HR	Current

Organization	Position	Status
DRS Technologies, Inc.	Vice President	Current
Drs Technologies Canada, Inc.	Vice President and Corporate Counsel	Current
Keco Industries, Inc.	Vice President and Corporate Counsel	Current
DRS Codem Systems, Inc.	Vice President and Corporate Counsel	Current
DRS Codem Systems, Inc.	Corporate Counsel	Current
Keco Industries, Inc.	Corporate Counsel	Current
Drs Technologies Canada, Inc.	Corporate Counsel	Current
Farer Fersko	Counsel	Former
DRS Technologies, Inc.	Corporate Counsel	Former
Rutgers University	Jd	Former
New York University	Bachelor of Arts	Former
Rutgers University	Msw	Former

Organization	Position	Status
DRS Technologies, Inc.	Vice President, Environmental Health and Safety	Current

Organization	Position	Status
DRS Technologies, Inc.	Vice President, Corporate Counsel	Current

Michael W. Hansen joined the Company as Vice President, Technology and Strategy, in 2003. Previously, Mr. Hansen was head of the Advanced Video Processing research group at Sarnoff Corporation. Mr. Hansen has earned national recognition for his work with systems for signal and video processing, targeting, surveillance, night vision, unmanned systems, and command and control. Mr. Hansen earned Bachelor and Master of Science degrees in electrical engineering from Pennsylvania State University and a Masters in Business Administration with honors from the Wharton School of the University of Pennsylvania.

Organization	Position	Status
DRS Codem Systems, Inc.	Vice President, Technology and Strategy	Current
Drs Technologies Canada, Inc.	Vice President, Technology and Strategy	Current
Keco Industries, Inc.	Vice President, Technology and Strategy	Current
DRS Technologies, Inc.	Vice President, Technology and Strategy	Current
Sarnoff Corporation	Head, Advanced Video Processing Research Group	Former
Wharton Graduate School of the University of Pennsylvania	Masters In Business Administration	Former
The Pennsylvania State University	Master of Science	Former
University of Pennsylvania	Masters In Business Administration	Former
The Wharton School of the University of Pennsylvania	Masters In Business Administration With Honors	Former

Organization	Position	Status
DRS Technologies, Inc.	Vice President, Investor Relations	Current

Organization	Position	Status
DRS Technologies, Inc.	Vice President, Public Affairs	Current
Drs Technologies Canada, Inc.	Vice President, Public Affairs	Current
DRS Codem Systems, Inc.	Vice President, Public Affairs	Current
Keco Industries, Inc.	Vice President, Public Affairs	Current
Cianj	President	Former
American Electronics Association	Executive Director	Former
Aea		Former
Pratt Institute	Bachelor's Degree	Former

Organization	Position	Status
DRS Codem Systems, Inc.	Vice President, Internal Controls	Current
DRS Technologies, Inc.	Vice President, Internal Controls	Current
Keco Industries, Inc.	Vice President, Internal Controls	Current
Drs Technologies Canada, Inc.	Vice President, Internal Controls	Current
The Boeing Company		Former
Arthur Andersen LLP		Former
Minnesota State University	Bachelor of Science degrees in Accounting	Former

Organization	Position	Status
DRS Technologies, Inc.	Vice President, Corporate Counsel	Current
Procter & Gamble		Former
Ltv Corp		Former
University of Wisconsin	B.S. degree in Mechanical Engineering	Former

Organization	Position	Status
DRS Technologies, Inc.	Vice President, Assistant Controller	Current

Organization	Position	Status
DRS Technologies, Inc.	Senior Vice President & Controller	Current
PricewaterhouseCoopers		Former

Organization	Position	Status
CSP Inc.	Chairman	Current
Concurrent Computer Corporation	Chairman	Current
CSP Inc.	Director	Current
DRS Technologies, Inc.	Director	Current
Everstream, Inc.	Director	Current
Technisource, Inc.	Chief Executive Officer	Former
CyberGuard Corporation	CEO	Former
Fundamental Management	President	Former
Gould and Company	Executive Vice President	Former
Fundamental Management	Executive Vice President	Former
CyberGuard Corporation	Chairman	Former
Concurrent Computer Corporation	Director	Former
Clarkson University	Bachelor's Degree In Accounting	Former

Organization	Position	Status
Forterra Systems, Inc.	Board of Directors	Current
DRS Technologies, Inc.	Board of Directors	Current
Bens	President and Chief Executive Officer	Former
The Congressional Institute, Inc	Director-21st Century International Legislators Project	Former
Air University	Board of Directors	Former

Organization	Position	Status
DRS Technologies, Inc.	Board of Directors	Current
IDT Corporation	Director	Former

Organization	Position	Status
DRS Technologies, Inc.	Board of Directors	Current

Eric J. Rosen is currently Managing Director of Onex Investment Corp. in New York and has been with Onex since 1989. Onex holds both controlling and minority interests in a broad range of companies, aggregating over $25 billion in revenues. Prior to Onex, Mr. Rosen worked at Kidder, Peabody & Co., in both the Mergers & Acquisitions and Merchant Banking Groups. He received a BS degree from the Wharton School, University of Pennsylvania, and an MBA degree from Stanford University.

Organization	Position	Status
New Alternatives for Children, Inc	Managing Director of Onex Investment Corp.	Current
Msd Capital	Partner	Current
American Franchise Company, LLC	Limited Partner	Current
DRS Technologies, Inc.	Director	Current
New Alternatives for Children, Inc	Board of Directors	Current
Onex Corporation	Managing Director	Former
Kidder, Peabody & Co.	Mergers and Acquisitions and Merchant Banking Groups Team	Former
American Franchise Company, LLC	Analyst	Former
Stanford University	MBA Degree	Former
Stanford Graduate School of Business	M.B.A.	Former
The Wharton School of the University of Pennsylvania	Bs Degree	Former
Wharton Graduate School of the University of Pennsylvania	B.S. In Economics	Former

Organization	Position	Status
DRS Technologies, Inc.	Board of Directors	Current
Teleflex Incorporated	Senior Vice President	Former
Klune Industries, Inc.	Director	Former

Mr. Honigman's legal career has included the private practice of law with leading commercial law firms and extensive public service. Appointed by President Clinton and confirmed in office by the Senate, he served for five years as General Counsel of the Navy. Mr. Honigman became a partner of Fox Horan & Camerini LLP on January 1, 2006. Mr. Honigman was a partner/of counsel with Thelen Reid & Priest LLP from 1998 through 2005. Since completing his service as General Counsel of the Navy in 1998, Mr. Honigman has provided expertise on a wide range of matters including commercial, securities and class action litigation; alternative dispute resolution; government contracts, claims and investigations; federal responsible contractor and national industrial security requirements; foreign military sales and offset programs; executive and legislative branch strategies and advocacy; and nuclear energy facilities, company development and public policy. Through Fox Horan & Camerini LLP, Mr. Honigman serves as General Counsel of Harbor Wing Technologies, Inc. Harbor Wing has designed and is developing a new-technology wind-powered autonomous unmanned surface vessel (AUSV) for Navy, homeland security, environmental, law enforcement, commercial and recreational missions and applications. Mr. Honigman served as a lead counsel in Cromer Finance, Ltd., et al. v. Berger, et al., No. 00 Civ. 2284 (DLC), a federal securities law class action in which his firm recovered $64 million on behalf of defrauded investors in an offshore hedge fund from the fund's auditors and administrators. In connection with its award of attorneys' fees in that action, the Court noted that Mr. Honigman's litigation team had "given the class excellent representation in this hard-fought case. Their submissions to this Court have been of great assistance on complex issues of first impression." Those issues included the extraterritorial application of United States securities laws to an offshore hedge fund's non-United States auditors and administrators; the availability to investors in an offshore hedge fund of a presumption of reliance upon the fund's statements of net asset value and audits; and principles of proportionate liability under the Private Securities Litigation Reform Act, the PSLRA. In addition to securing the terms and con

Organization	Position	Status
Harbor Wing Technologies, Inc.	General Counsel	Current
Ezequiel A Camerini - Fox Horan & Camerini		Current
DRS Technologies, Inc.	Director	Current
Depart-Ment	Chief Legal Officer	Former
EWA Information and Infrastructure Technologies, Inc.	Director	Former
The Wornick Company	Director	Former
Yale Law School	J.D.	Former
New York University	B.A.	Former
Thelen Reid & Priest LLP	Team Member	Former