DRS Technologies

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DRS Technologies, Inc.

Type	Public (NASDAQ: DRS)
Founded	Parsippany (1968)
Headquarters	Parsippany, New Jersey
Key people	Leonard Newman, Co-founder David E. Gross, Co-founder Mark S. Newman, CEO
Industry	Defense
Products	thermal imaging combat display electronic sensors electric power systems battlefield digitization air combat training flight incident recorders See complete products listing.
Revenue	$1.7 billion USD (2006)
Employees	9,800 (2006)
Website	www.drs.com

DRS Technologies, Inc. (formerly known as Diagnostic Retrieval Systems, Inc.) is a supplier of defense electronic products and systems to the United States Air Force, Army, Coast Guard, Marine Corps, Navy, aerospace and defense prime contractors, government intelligence agencies, international military forces, and industrial markets.

[edit] History

DRS Technologies, Inc., headquartered in Parsippany, New Jersey, U.S.A., is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. Focused on defense technology, the Company develops, manufactures and supports a broad range of systems for mission critical and military sustainment requirements, as well as homeland security. The company employs approximately 10,000 people worldwide.

DRS provides integrated products, systems and support services to all branches of the U.S. military, major aerospace and defense prime contractors, government intelligence agencies, international military forces, and industrial and homeland defense markets. DRS’s broad range of mission critical systems and sustainment solutions uniquely position the Company to support the ongoing superiority of the military’s Current Force, as well as the modernization and emerging transformation initiatives of the Future Force.

Incorporated in 1968, DRS has served the defense industry for 37 years. The Company holds leading market positions in thermal imaging systems, combat display workstations, electronic sensor systems, power systems, battlefield management tactical computer systems, air combat training systems, deployable flight incident recorders, combat support systems, environmental systems and support services. It also provides communications and surveillance systems, diagnostics and test systems, and training and simulation systems. DRS’s products are deployed on a wide range of high-profile military platforms, such as DDG-51 Aegis destroyers, M1A2 Abrams Main Battle Tanks, M2A3 Bradley Fighting Vehicles, M-1000 Heavy Equipment Transport Trailer, OH-58D Kiowa Warrior helicopters, AH-64 Apache helicopters, F/A-18E/F Super Hornet and F-16 Fighting Falcon jet fighters, C-130 Hercules cargo aircraft, Trident submarines, Virginia class submarines, Rapidly Installed Fluid Transfer System (RIFTS), Deployable Power Generation and Distribution System (DPGDS), and on many other platforms for military and non-military applications. DRS also has contracts that support future military platforms, such as the DD(X) destroyer, CVN-78 next generation aircraft carrier, Littoral Combat Ship (LCS) and Virginia class submarine.

DRS responds to the needs of U.S. and allied military forces, as they engage in day-to-day expeditionary activities, by providing a range of military support systems and services. The Company’s support products include mobile electric power and rugged power conversion and conditioning systems, environmental systems, such as fuel and water distribution, environmental control, chemical/biological trailers and shelters, combat support capabilities, such as heavy materiel handling systems, reconnaissance and surveillance systems integration, ground support and automatic test equipment, security systems and radar systems. DRS’s support services include integrated communications services, supply chain and life-cycle management, technical data management, engineering and logistics, training, manpower support and security services.

DRS's organization consists of four operating segments: the Command, Control, Communications, Computers and Intelligence (C4I) Segment, the Reconnaissance, Surveillance & Target Acquisition (RSTA) Segment, the Sustainment Systems Segment and the Technical Services Segment, which, combined, are comprised of more than 40 operating units.

DRS strives to provide quality products and services and stand behind them, invest in research and development and new market opportunities, and leverage existing core defense programs and business areas. The Company has implemented an aggressive strategy for growth, focused on aligning it with the Department of Defense’s recapitalization, modernization and transformational efforts, building strategic alliances with other companies in the U.S. and abroad and pursuing synergistic acquisitions to further grow the business. By globalizing our market reach and partnering with industry leaders on high-priority programs, DRS Technologies expects to remain well positioned as a vibrant, mid-sized defense technology leader.

Mission Statement

The mission of DRS is to build stockholder value through a commitment to high ethical standards and a superior performance culture focused on customers, employees, financial results and corporate citizenship. We seek to earn the respect of our customers, suppliers, competitors and fellow employees through our commitment to the highest standards of ethics, quality and responsiveness. We work to enhance stockholder value through our commitment to internal growth and to the acquisition of companies that complement our business, expand our market position or benefit from the transfer of our technologies.

Vision Statement

It is the vision of DRS Technologies to be the leading mid-sized defense technology company.

[edit] Portfolio

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