SOURCE: DRS TECHNOLOGIES, INC.

August 08, 2008 09:00 ET

DRS Technologies Receives Contract for Air Force Logistics Support

PARSIPPANY, NJ--(Marketwire - August 8, 2008) - DRS Technologies, Inc. (NYSE: DRS) announced today that its team was one of several large companies awarded the Future Flexible Acquisition & Sustainment Tool (F2AST) Program indefinite delivery/indefinite quantity contract to provide life-cycle support to the U.S. Air Force. The DRS team includes AAR Services Inc., Alabama Aircraft Industries, Inc., EJM Aerospace Services, Empire Aero Center, Lear Siegler Services Inc., EG&G Technical Services, Triad International Maintenance Corporation and Westwind Technologies, Inc.

The contract includes modifications, development, repairs, and limited, critical or contingency spares for all Air Force-managed weapons systems. The primary users of the F2AST contract are typically Logistics Managers, Program Managers and Engineers at Warner Robins Air Logistics Center, Ogden Air Logistics Center and Aeronautical Systems Command. Product centers and other agencies or services are allowed to utilize F2AST through their sponsoring Air Logistics Center. The maximum value of the contract is $6.9 billion and the contracting agency is located at Warner Robins Air Force Base in Georgia.

The work will be carried out by the Engineering and Logistics line of business of the DRS Technical Services business segment in Herndon, VA. "This is a strategic opportunity for DRS to expand our support for the United States Air Force in our core competencies of aircraft modification, repair and overhaul," said Dr. Mitchell B. Rambler, president of DRS Technical Services.

DRS Technical Services is a recognized leader in advanced technology and systems integration support, providing a wide range of engineering and logistics services, products and services for fuel and water distribution, comprehensive communications network and information technology support, and integrated physical security and intrusion detection systems for domestic and international military forces. The Engineering and Logistics line of business offers complete aviation maintenance services for fixed and rotary wing aircraft and operates large aircraft repair facilities for domestic and international customers. Current aviation technical services to the U.S. Air Force Air Logistics Centers and the Air Force Material Command (AFMC) Headquarters include modification maintenance and repairs, systems engineering and technology integration, testing and certification, spares and full life cycle support for aircraft and weapon systems.

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 10,500 people. For more information about DRS Technologies, please visit the company's web site at www.drs.com.

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