DRS Technologies (DRS) Receives $43.9 Million Follow-On Orders
DRS Technologies (NYSE: DRS) announced the receipt of follow-on orders of $43.9M for the P5 Combat Training System/Tactical Combat Training System (P5 CTS/TCTS.) As with all previous orders, DRS will be responsible for the production, testing, and fielding of the pods which are flown on a variety of aircraft, to include the F-15, F-16, FA-18, and AV-8B.
DRS will provide additional P5 pods for use by U.S. Air Forces Europe (USAFE) squadrons at RAF Lakenheath, United Kingdom; Spangdahlem AB, Germany; and Aviano Air Base, Italy as well as U.S. Navy squadrons in the continental United States. Under contracts awarded by the 689th Armament Systems Squadron at Eglin Air Force Base, these additional pods will be delivered along with ground station consoles from Cubic Defense Applications, Inc. who is the prime contractor. [SM]
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