Dec 07, 2011, post by Artur Nowak
Finmeccanica, through its company DRS Technologies, Inc., received an award with a ceiling value of USD 691 million for a U.S. Navy Submarine Technology Insertion Hardware (TIH) contract. DRS has been awarded by Lockheed Martin a five year indefinite delivery/indefinite quantity (IDIQ) contract to provide submarine combat and sonar systems designed around commercially available hardware and software.
Source: www.4-traders.com
Mar 23, 2011, post by Artur Nowak
19:50 GMT, March 22, 2011 BETHESDA, MD. | DRS Defense Solutions announced today that it has been awarded a contract by Embraer S.A., located in São José dos Campos, São Paolo, Brazil, for the design, development, testing, production, and after-market support of the KC-390 Cargo Handling and Aerial Delivery System (CHS/ADS).

Work will be performed by DRS Training & Control Systems in Fort Walton Beach, Fla.
Embraer was awarded the KC-390 design and development contract by the Brazilian Air Force in April 2009. The KC-390 is a fixed-wing transport aircraft under development for the Brazilian Air Force launch customer and targeted customers around the world. As a medium- to heavy-class military transport aircraft, the KC-390 will perform troop and cargo transport, aerial delivery, in-flight refueling and medical evacuations.
Read more: www.defpro.com