New orders for Finmeccanica-DRS Technologies 10/04/2015 | Redazione

U.S. and Canadian Armed Forces choose DRS Technologies systems. The Finmeccanica Company has been awarded three new contracts to provide equipment to the Canadian Army armoured vehicles and to U.S. Navy submarines and vessels.

The first contract, worth USD 100 million, has been signed with General Dynamics Land Systems-Canada and concerns the production of surveillance systems to equip the armoured vehicles LAV 6.0 (produced by General Dynamics) used by the Canadian Army. The eight-year agreement includes the supply of mast mounted, long-range surveillance suites and service support within the Canadian Army LRSS (Light Armoured Vehicle – Reconnaissance Surveillance System) project.

The other two agreements, signed with the U.S. Navy, are IDIQ (Indefinite Delivery, Indefinite Quantity) contracts and have a total potential ceiling value of about USD 440 million. The first order, with a potential ceiling value of USD 384 million, includes development, production and integration of latest generation electronic equipment to modernize systems currently installed on various classes of U.S. Navy submarines. This agreement moves the company into a prime-contractor role with the U.S. Navy and expands DRS’s role as a major submarine combat systems supplier. The other agreement, signed with the U.S. Navy, has a potential ceiling value of USD 55 million and concerns the modernization of integrated voice communications systems (IVCS) for the U.S. Navy AEGIS cruisers and destroyers.

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