SOURCE: DRS Technologies

DRS Technologies

May 05, 2011 14:17 ET

DRS Technologies Creates College Scholarship With National Guard Educational Foundation for Children of Fallen National Guardsmen

PARSIPPANY, NJ--(Marketwire - May 5, 2011) - DRS Technologies, Inc., A Finmeccanica Company, announced the creation of a college scholarship fund for the children of National Guardsmen killed in the war on terrorism.

The DRS Guardian Scholarship Fund will be underwritten by the DRS Technologies Charitable Foundation and administered by the National Guard Educational Foundation (NGEF). The NGEF is a nonprofit 501(c)(3) organization based in Washington, DC.

The fund will provide up to $6,250 per year to selected students attending a four-year institution or a two-year program at a community college or technical school. First awards will be made in time for the fall semester this year.

"This program will enable us to give something back to some families who have given so much to us," says retired Maj. Gen. Gus L. Hargett Jr., the president of the NGEF and the National Guard Association of the United States. "In the process, I hope it sends a message to some very special young people, 'You remain part of the Guard family.'"

Mark S. Newman, chairman and CEO of DRS Technologies, states, "I believe it is our responsibility to help the families of National Guardsmen who have paid the ultimate sacrifice. We created this fund to honor their memories and ensure that their children have an opportunity to receive a quality education."

"This scholarship fund can help offset some of the college tuition costs for those who seek to further their education," states Richard Goldberg, president of DRS' Charitable Foundation.

The DRS Guardian Scholarship Fund is open to any high school or college student who is a son or daughter of a Guardsman killed in an operational or training mission in support of operations Enduring Freedom, Iraqi Freedom or New Dawn.

Applicants must have already been accepted by a nationally or regionally accredited college, university or trade school. A panel created by NGEF will review the applicants and determine recipients based on a combination of academic merit and financial need.

Scholarship funds will be paid directly to the school and can be applied to tuition, applicable room and board, fees and books.

Deadline for applications for the 2011-2012 school year is June 30. Recipients will be notified by Aug. 1.

Funds for the scholarships will be provided by the DRS Technologies Charitable Foundation, which has given over five million dollars to charities since its inception in 2006, including the USO, Operation Mend and the Intrepid Fallen Heroes Fund. Complete details, an application and an explanation of how to contribute to the fund are available at www.drsfoundation.net/guard.

DRS Technologies, headquartered in Parsippany, NJ, is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The company is a wholly owned subsidiary of Finmeccanica S.p.A. (FNC.MI) which employs more than 75,000 people worldwide. For more information about DRS Technologies, please visit the company's website at www.drs.com.

Contact Information

  • For additional information please contact:

    DRS Technologies

    Richard M. Goldberg
    Senior Vice President
    Public Affairs and Communications
    (973) 451-3584
    Email Contact

    Brian T. Gallagher
    Director, Public Affairs and Communications
    (973) 898-7322
    Email Contact

    Finmeccanica
    Riccardo Acquaviva
    Vice President
    International Media and Trade Press
    +39 06 32473292
    Email Contact