SOURCE: DRS Technologies

DRS Technologies

February 10, 2011 07:01 ET

DRS Technologies Receives Contract From United States Coast Guard to Provide Programmed Depot Maintenance Support of Fixed Wing Aircraft

PARSIPPANY, NJ--(Marketwire - February 10, 2011) - DRS Technologies, Inc., a Finmeccanica Company, announced that the United States Coast Guard (USCG) has exercised an option under its Indefinite Delivery, Indefinite Quantity (IDIQ) contract for continuing Programmed Depot Maintenance Support, Product Line Engineering and Project Management for the Coast Guard's fleet of HC-130, HC-144 and HU-25 aircraft. Fully exercised, the value of this order will be approximately $24M.

This order is the second under a three-year $67 million competitively bid IDIQ contract initially awarded in 2009. Work will be performed in DRS' state-of-the-art heavy aircraft maintenance facilities in Elizabeth City, North Carolina and will continue through 2012.

This award allows DRS to continue providing high quality aircraft maintenance services to the men and women of the Coast Guard. 

"We are extremely proud that DRS has been selected by the USCG to continue providing depot level maintenance for its C-130, HU-25 and HC-144 aircraft. Exercising this option further strengthens the partnership that we have developed with the Coast Guard for more than 25 years," said Ed Boyington, vice president and general manager of DRS Aviation and Logistics line of business.

About DRS Technologies

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 76,000 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