Finmeccanica-DRS Technologies: new contracts with the USA and Canada

08/04/15

The Canadian and US Armed Forces have chosen DRS Technologies systems. The company controlled by Finmeccanica has in fact been awarded three new orders for the supply of equipment to the Canadian Army armed vehicles and to submarines and ships of the US Navy.

A first contract, worth 100 million dollars, was signed with General Dynamics Land Systems - Canada and concerns the production of surveillance systems to equip the LAV 6.0 tanks (produced by General Dynamics) supplied to the Canadian Army. The eight-year contract includes the provision of antennas, long-range surveillance systems and customer support in the Canadian Army's Light Armored Vehicle (Reconnaissance Surveillance System) project.

The other two agreements, signed with the US Navy, are IDIQ (Indefinite Delivery, Indefinite Quantity) and have a total potential value of up to about 440 million dollars. A first agreement, up to a maximum of 384 million dollars, concerns the development, production and integration of latest generation electronic equipment, intended for the modernization of systems already installed on different classes of US Navy submarines.

Through the awarding of this order, DRS Technologies becomes prime contractor of the American Navy, thus expanding the role of the company as the main supplier of submarine combat systems.

The second agreement signed with the US Navy, up to a maximum of 55 million dollars, concerns the modernization of the integrated voice communication systems (IVCS) of the cruisers and destroyers AEGIS of the US Navy.

Source: Finmeccanica

(photo: US Navy archive)