DRS Technologies Awarded $7 Million Contract to Provide Ship Communication Network System for the Re
Parsippany, N.J., - DRS Technologies, Inc. (NYSE: DRS) announced today that it received a $7 million contract from the Daewoo Shipbuilding & Marine Engineering (DSME) Co. Ltd. (KSE: 042660) to provide Fiber Optic Data Multiplex System (FODMS) Navigation Sensor Distributors for the second KDX-III destroyer of the Republic of Koreas Navy (ROKN). Under a previously awarded contract from the Special & Naval Shipbuilding Division of Hyundai Heavy Industries Co. Ltd. (KSE: 009540), DRS outfitted the first destroyer of this new fleet with the same equipment. The FODMS is a unique, general-purpose, dual-network system that provides data and integrated communications between propulsion and power control systems, steering, navigation sensors, weapons systems, alarms, indicators and integrated bridge systems, as well as Aegis combat systems. It is a complete information transfer system designed to meet evolving ship communications requirements and to handle data that is critical to ship operations, enhancing reliability, maintainability and survivability. The companys DRS EW & Network Systems unit based in Buffalo, New York, will accomplish the work for this contract, which will start immediately and continue through May 2010. The company expects to receive future contracts on this program as the ROKN deploys additional KDX-III destroyers. For this contract DRS will manufacture, install and test the FODMS to ensure interoperability between legacy systems and the latest Commercial Off-The-Shelf (COTS)-based systems. The company also will provide operation maintenance training to DSME employees and ROKN personnel. This award is our second commercial sale of the FODMS to an international customer. It reflects our success in providing vital communications systems that ensure the safety and survivability of a fleet during deployments and our efforts to expand our international business base, said Richard S. Danforth, president of the companys Command, Control & Communications Strategic Business Unit. For the U.S. Navy, the FODMS is used as an advanced message transfer system, operated by interior communications technicians in the DDG-51 Arleigh Burke-class guided-missile Aegis destroyers. The FODMS was selected by the ROKN to distribute navigation sensor data to Aegis and non-Aegis weapons systems, communication systems, machine control and steering control systems, and navigation displays without the need to rewrite software or redesign hardware. It is based on the Military Survivable Adaptable Fiber Optic Embedded Network (SAFENET) standard, focused on enhancing survivability. 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 companys web site at www.drs.com. DRS is exhibiting today at the 2007 U.S. Navy League Sea-Air-Space Exposition, booth 1502, at the Marriott Wardman Park Hotel in Washington, D.C.
