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
- Jul 21 2008
- $3.2B
Latest News and Analysis
Alliant Tech Says Major Acquisitions Not Attractive
By Tim Hepher FARNBOROUGH (Reuters) - U.S. rocket maker Alliant Techsystems ATK aims to expand in space systems, advanced weapons and electronics but is shunning big acquisitions after its bid for a Canadian defense business failed. Chairman and Chief Executive Daniel Murphy said...
DRS Technologies, Inc. F3Q08 (Qtr. End 12/31/07) Earnings Call Transcript
DRS Technologies, Inc. F3Q08 (Qtr. End 12/31/07) Earnings Call Transcript
DRS Technologies, Inc. F3Q08 (Qtr. End 12/31/07) Earnings Call Transcript
DRS Technologies, Inc. F3Q08 (Qtr. End 12/31/07) Earnings Call Transcript
DRS Technologies, Inc. F3Q08 (Qtr. End 12/31/07) Earnings Call Transcript
DRS Technologies, Inc. F3Q08 (Qtr. End 12/31/07) Earnings Call Transcript
Additional Resources
DRS Technologies Receives Signed Letter of Intent from Royal Malaysian Air Force for Air Combat Maneuvering Instrumentation System
FARNBOROUGH, U.K. -- DRS Technologies, Inc. (NYSE: DRS) announced today that Aerotree Defence and Services Sdn. Bhd. Executive Director Dato' Norida Hamzah signed a letter of intent for DRS to furnish a complete Air Combat Maneuvering Instrumentation ACMI system to the Royal Malaysian Air Force RMAF in a meeting at...
DRS Technologies Awarded $56 Million for Service, Upgrades to U.S. Army's Kiowa Warrior Mast-Mounted Sight
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received $56 million in follow-on contracts from the U.S. Army's Aviation and Missile Command AMCOM at Redstone Arsenal in Huntsville, Alabama, for support of Mast-Mounted Sights MMS on OH-58D Kiowa Warrior armed reconnaissance helicopters. The contracts cover...
New Border Security Technology Demonstrated for Consideration in U.S. Border Protection
OMAHA, Neb. -- 21st Century Systems, Inc. (21CSI) demonstrated its state-of-the-art High Resolution Situational Awareness (HiRSA[TM]) software system that provides situational awareness software for potential use in U.S. border security at a military testing facility in Yuma, Arizona, earlier last month. Earlier this year, 21CSI was selected to...
21st Century Systems Inc.'s HiRSA Technology Selected for Jordan Border Security Program
OMAHA, Neb. -- 21st Century Systems, Inc. (21CSI) today announced that its state-of-the-art High Resolution Situational Awareness (HiRSA[TM]) software system will provide the surveillance and situational awareness information technology backbone for the end-to-end Jordan Border Security Program for which DRS Technologies, Inc. (NYSE:DRS) was recently selected. In May 2008, it...
SELEX Galileo Awards DRS Technologies $11.4 Million Order for Airborne Directional Infrared Countermeasure Sensors
With New Order, Total Contract Value Exceeds $100 Million PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has been awarded an $11.4 million follow-on contract to produce the Fine Track Sensor FTS kits used in Directional Infrared Countermeasure DIRCM transmitters. The work...
DRS Technologies Successfully Completes Testing of Permanent Magnet Motor System At US Navy Land-Based Test Site
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has successfully completed full-power testing, as required by the U.S. Navy, of its power-dense Permanent Magnet Motor PMM and drive at the U.S. Navy's Integrated Power System IPS Land-Based Test Site LBTS in Philadelphia, Pennsylvania. Engineering, design and...
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...
DRS Technologies Inc
DRS Technologies Inc., Parsippany, N.J., said it has received three contract awards worth approximately $55 million from the U.S. Army's Communications-Electronics Command CECOM at Fort Monmouth, N.J., to manufacture more than 2300 Tactical Quiet Generators TQG. The first delivery order is worth $37 million, the second delivery awarded...
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...
Intelsat General Awarded $6.5M X-band Satellite Services Contract from DRS - Potential Value to Reach $48M
BETHESDA, Md., May 29 /PRNewswire/ -- Intelsat General Corporation, a wholly owned subsidiary of Intelsat, Ltd., has been awarded a contract by DRS Technologies Inc. to provide X-band satellite connectivity, fiber and teleport services in the Middle East using Intelsat infrastructure and the Skynet satellite fleet owned and operated...
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...
Featured Stocks on Today's Edition of The Analyst's Review: HXL, TGI, DRS, TDY, AXYS
NEW YORK, May 22 /PRNewswire/ -- The Analyst's Review is a daily video program hosted by WallSt.net editor, Henry Truc. The show is available at: http://tv.wallst.net/analyst-review/analyst-review.php. The Analyst's Review features informative interviews with Wall Street analysts on a wide range of topics including actively traded stocks, market...
DRS Technologies-Smiths Detection Team to Produce Chemical/Biological Protective Shelters
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) and Smiths Detection (LSE: SMIN) recently formalized a teaming agreement for the joint development and production of the model 4A Chemical/Biological Protective Shelter (CBPS-M4A). The agreement stems from a request by the customer, the Joint Program Executive Office for Chemical...
DRS Technologies Declares Quarterly Dividend
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) today announced that its board of directors has declared a quarterly cash dividend of $0.03 per share on the company's common stock. The dividend is payable on June 30, 2008 to stockholders of record as of the close of business...
Finmeccanica to Acquire DRS for US$5.2 billion
Creates a New Leading Player in Defense Electronics with Balanced Global Presence ROME and PARSIPPANY, N.J., May 12 /PRNewswire/ -- Finmeccanica, S.p.A. (Milan: FNC), a world leader in the supply of electronics equipment and defense and security systems and services, and DRS Technologies, Inc. , a leading...
Fitch Places DRS Technologies' Ratings on Rating Watch Positive
NEW YORK -- As disclosed in a press release earlier today, Fitch Ratings has placed the ratings for DRS Technologies, Inc. (NYSE:DRS) on Rating Watch Positive following the announcement that Finmeccanica SpA Finmeccanica has agreed to purchase DRS for approximately US$5.2 billion. For more details on Finmeccanica, please...
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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. Co. focuses on several areas, such as command and control, intelligence, surveillance, reconnaissance, power management, battlefield digitization, advanced communications and networks, military vehicle diagnostics, troop sustainment and technical support.
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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
