DRS Technologies Inc. (DRS, Parsippany, NJ), a leading supplier of high-performance power generation, conversion, electric propulsion and distribution equipment, reported that it has received several new contracts with a combined value of approximately $38.5 million to design and produce electric power conversion, distribution and control equipment for next-generation and existing classes of US Navy combatant surface ships and submarines.
The contracts were awarded to DRS by various US Navy shipyards and prime defense contractors. For the orders, DRS will design and manufacture variable-speed and fixed-speed motor control, propulsion system monitoring, and instrumentation and control equipment for low-voltage and medium-voltage shipboard electric plants supporting US Navy combatant submarines and surface ships.
The company also will design and provide prototype advanced, solid-state power distribution components for next-generation ship and submarine use. Work for these contracts will be performed by the company's DRS Power and Control Technologies unit in Milwaukee, WI, and Danbury, CT. Design work and product deliveries have commenced in the company's current fiscal quarter, and are expected to be completed during fiscal 2006 through fiscal 2010.
