SOURCE: DRS Technologies

DRS Technologies

January 17, 2012 11:01 ET

DRS Technologies Receives Option to Their Current Contract for Logistic Support of U.S. Navy's E-6B and Airborne Command Post Aircraft Fleet

PARSIPPANY, NJ--(Marketwire - Jan 17, 2012) - DRS Technologies, Inc., A Finmeccanica Company, announced that its C3 & Aviation Group received a one-year incrementally funded option to their current Fixed Firm Price (FFP) contract to provide Contractor Logistics Support (CLS) for the U.S. Navy's E-6B Take Charge and Move Out (TACAMO) and Airborne Command Post (ABNCP) aircraft fleet.

This IDIQ contract option was awarded by Naval Air Systems Command in Patuxent River, Maryland and has a potential value of up to $48.4M.

Under the terms of this contract modification, DRS will manage government-owned inventory and provide additional material support for E-6B aircraft. DRS will also provide residual spares for other Boeing 707 derivative programs, such as the U.S. Air Force's VC-137 and C-18.

The previously awarded CLS contract includes procurement, storage, warehouse management, and issuing/receiving of all CLS managed inventory.

"We are proud to be part of the Navy team in support of the E-6B platform. We have worked diligently to provide the best 'round the clock' support and are honored by the opportunity to support team TACAMO." said Rear Admiral, USN (Ret) Ed Boyington, VP/GM of Aviation & Logistics at DRS C3 & Aviation Group.

The majority of the work for this option will be performed at Tinker Air Force Base (AFB), Oklahoma. Work will also be executed at Travis AFB, California; Naval Air Station Patuxent River, Maryland; and Offutt AFB, Nebraska.

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 71,000 people worldwide. For more information about DRS Technologies, please visit the company's website at www.drs.com.

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