PART V – DRS – PROVIDING VITAL TECHNOLOGY
BATTLESPACE Editor, Julian Nettlefold, meets Mark S. Newman, Chairman
and CEO of DRS TECHNOLOGIES
BATTLESPACE, Editor, Julian Nettlefold, met Mark S. Newman, Chairman,
President and CEO of DRS Technologies during the Farnborough Air Show
to discuss the meteoric rise of the company from a small niche
sub-system supplier to its current form as a TIER 2 supplier to the
DoD in a matter of eight years.
For those of our readers unfamiliar with the company, DRS
Technologies, Inc. is a leading supplier of defense electronic systems. It provides high-technology products and services to government and commercial customers worldwide. The Company develops and manufactures a broad range of mission critical products – from rugged computers and peripherals to systems and components – in the areas of communications, combat systems, data storage, digital imaging, electro-optics, power conversion, flight safety and space. Its defense electronics systems are sold to all branches of the U.S. military, government intelligence agencies, major aerospace and defense contractors and international military forces.
Newman underlined the aims and objectives of DRS, “It is the mission of DRS Technologies to be a leading, mid-tier defense technology company by earning the respect of our customers, suppliers, competitors and fellow employees through our commitment to the highest standards of ethics, quality and responsiveness. We also work to enhance stockholder value through our commitment to internal growth and to the acquisition of companies that complement our business, expand our market position or benefit from the transfer of our technologies.”
The growth of DRS has been spectacular. When Newman and his team took over in May 1994, revenues were $60m, in 2000 they were $300m and in 2002 $517m with $650m expected by year-end March 2003. Its latest acquisition, Eaton Naval Controls, gives the company access to vital programmes and technology for the U.S. DD (X) and UK Type 45 programmes.
“The completion of our acquisition of Eaton’s Naval Controls Division for $92m in cash puts DRS on track for elevation to the mid-tier defense system manufacturers”, said Mark Newman during the Farnborough Airshow. “Eaton gives DRS access to important international naval contracts, such as the Northrop Grumman/Rolls-Royce WR21 DD(X) electric propulsion system, also being utilised on the Royal Navy’s Type 45.”
The company is organised into three key technology areas, Electronic
Systems, Electro-Optical Systems and Flight Safety and Communications.
DRS’s Electronic Systems Group is an international leader in the development, production and support of high-performance combat display workstations, digital information processing systems and rugged computers for sea, air and land applications. ESG utilizes leading edge commercial computing technology to provide innovative, rapidly fielded, cost-effective system solutions for enhancing the military’s ability to attain information dominance of the digital battle space. These systems offer shorter product development cycles, lower maintenance costs and faster technology insertion to ensure a high level of military force readiness. Significantly, the company’s electronic systems provide compatibility with new and legacy systems and are vital links in the military’s network-centric vision for theatre warfare and strategic command decisions. ESG has a strong contract base of computer workstation, portable rugged computer, radar system, shore surveillance and sensor system, power conversion and control systems, and electronic manufacturing, system integration, testing and technical support programs.
DRS’s Electro-Optical Systems Group is a leader in Second Generation night vision sighting and targeting systems used on the most critical front-line U.S. Army ground vehicle and weapons platforms in existence and also provides advanced electro-optical syste