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DRS UK SEGMENT WINS NAVAL CONSOLE ORDERS

29 Apr 02. DRS Technologies, Inc. (AMEX: DRS – news) announced that it’s UK Rugged Stsems Divison, has received two contracts to design and manufacture dual-display sonar consoles for the newly designed mine hunters for a European navy.

Selected for its modular and easily configurable design, DRS’s OPUS 2 Multi-Function Consoles will provide the processing and display for the ships’ command and control system NAUTIS 3, and the control and operation of the Sonar 2093. The contracts have a combined value of $4.4m.

The first award, valued at $2.8m, was received from Alenia Marconi Systems (AMS), an Anglo-Italian joint venture of BAE Systems plc (LSE: BA.L) and Finmeccanica SpA (MSE: SIFI.MI). Product deliveries for this award are expected to continue through 2006. The second award, valued at approximately $1.6m, was received from Thales Underwater Systems Ltd. (LSE: THS.L), a unit of the Thales Group (PAR: TCFP.PA),
in Templecombe, Somerset, the United Kingdom. Deliveries are expected to continue through 2005, with additional orders associated with this program anticipated.

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