SOURCE: DRS TECHNOLOGIES, INC.

October 21, 2008 09:00 ET

U.S. Army Awards DRS Technologies $91 Million in Contracts for Tactical Quiet Generators

PARSIPPANY, NJ--(Marketwire - October 21, 2008) - DRS Technologies, Inc. (NYSE: DRS) announced today that it received multiple contract awards worth approximately $91 million from the U.S. Army's Communications-Electronics Command (CECOM) at Fort Monmouth, New Jersey to manufacture more than 5,000 Tactical Quiet Generators (TQG) in various sizes.

The generators are in 3-, 5-, 10-, 15- and 100-kilowatt power output sizes, and will be manufactured by DRS Fermont, in Bridgeport, Connecticut. The generator sets will be delivered between March 2009 and March 2011.

The delivery orders are part of multiple existing Indefinite Delivery/Indefinite Quantity contracts with CECOM, including a $369 million award established in April 2008 for medium-sized generator sets in the 5-, 10- and 15-kilowatt sizes. CECOM placed these recent orders on behalf of various Army, Navy and Air Force units through the Army's Program Executive Office for Command, Control and Communications Tactical, and its subordinate office of Project Manager for Mobile Electric Power at Fort Belvoir, Virginia.

"DRS is proud to be able to continue to supply our service personnel with the reliable, clean and quiet tactical power that they need in order to do the important job that our nation has asked of them," said Thomas G. Cornwell, President, DRS Sustainment Systems' business segment.

The awards continue a long-term production program for the Army, which initially began as a development program in 1997. After the company's success in producing such a dependable and useful power source as the TQG, the program moved into full production phase. Since then, DRS has been the premier provider of these generators for the military.

To date, DRS has manufactured more than 10,000 10-kilowatt TQGs for the military, and by the end of the year, will have produced more than 21,000 3-kilowatt units as well. DRS Fermont has been a leading designer and manufacturer of rugged, reliable military generators since World War II, and is the largest supplier of generators to the U.S. military.

DRS manufactures the TQG in 3-, 5-, 10-, 15-, 100- and 200-kilowatt versions. Whether for training missions or real-world peacekeeping and combat operations, the company's suite of TQGs is engineered and manufactured to meet the stringent U.S. military requirements for an efficient, rugged and portable source of electrical power. DRS' TQGs provide military forces with a reliable power source that is lightweight, quiet and can be used in remote field locations wherever electrical power is needed. DRS' next-generation 100- and 200-kilowatt TQGs feature an advanced electronic diagnostics and prognostics package, and a state-of-the-art digital control panel.

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 10,000 people. For more information about DRS Technologies, please visit the company's web site at www.drs.com.

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