Trade.Information

Company Name: DRS Technologies, Inc.

Company Type: Supplier

Company Profile

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.

Incorporated in 1968, DRS has served the defense industry for 39 years. The Company holds leading market positions in thermal imaging devices, combat display workstations, electronic sensor systems, power systems, rugged computer systems, air combat training systems, mission recorders, deployable flight incident recorders, environmental control systems, telecommunication systems, aircraft loaders, military trailers and shelters, and integrated logistics support services.

DRS Technologies is a publicly-held corporation, trading on the New York Stock Exchange under the symbol 'DRS.' With a compound annual revenue growth rate of 40% over the past five years, DRS has been recognized as one of the fastest growing defense technology companies in the world.

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. Our 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. Each Segment is comprised of strategic businesses comprised of operating units located throughout the United States, Canada and Europe with representation worldwide.

DRS responds to the needs of U.S. and allied military forces, as they engage in day-to-day expeditionary activities, by providing high-tech products and systems that improve the capabilities of many key platforms. The Company also provides a range of military support systems and services. 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, OH-58D Kiowa Warrior helicopters, AH-64 Apache helicopters, F/A-18E/F Super Hornet and F-16 Fighting Falcon jet fighters, F-15 Eagle tactical fighters, C-17 Globemaster II and C-130 Hercules cargo aircraft, Ohio, Los Angeles and Virginia class submarines, and on several other platforms for military and non-military applications. We have contracts that support future military platforms, such as the DDG-1000 destroyer, CVN-78 next-generation aircraft carrier, Littoral Combat Ship and Future Combat System.

Our sustainment products, such as environmental control systems, power generators, water and fuel distribution systems, chemical/biological decontamination systems and heavy equipment transport systems, are used to support military forces, humanitarian efforts and peacekeeping. We also provide security and asset protection systems and services, telecommunication and information technology services, training and logistics support services for all branches of the U.S. armed forces and certain international militaries, homeland security forces, and select government and intelligence agencies.

DRS strives to provide quality products and services and stand behind them, to invest in research and development and new market opportunities, and to leverage existing core defense programs and business areas. The Company has implemented an aggressive strategy for growth and is focused on aligning our business with the recapitalization, modernization and transformational efforts of the Department of Defense, building strategic alliances with other companies in the U.S. and abroad, and pursuing synergistic acquisitions. By globalizing our market reach and partnering with industry leaders on high-priority programs, DRS Technologies remains 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.

Corporate History

DRS Technologies, Inc. was incorporated in Delaware in 1968 and opened for business early in 1969. The Company originally was established to design, develop, manufacture and market electronic signal processing and display systems and high-density recording systems for the U.S. defense department's antisubmarine warfare (ASW) program. These systems specifically were developed to detect, classify and locate submarines utilizing advanced acoustic signal processing methods, including spectrum analysis, digital filtering and display.

Recognizing the U.S. Navy’s need for enhanced acoustic submarine detection, DRS pioneered passive sonar submarine detection for the Navy's surface ships by developing a system that utilized narrowband signal processing. Until then, the primary method for acoustic detection was active sonar, which frequently gave away the surface ship’s position, making it a target for sub-launched torpedoes. The Company’s new system initially was deployed on the Navy's Essex class aircraft carriers, including the USS Wasp, where it succeeded in detecting and tracking a new class of quiet, nuclear-powered submarines that, until then, had evaded detection by existing sonar systems used by the U.S. military. The Navy then provided funding to DRS to install similar systems on its Intrepid, Yorktown, Saratoga and Ticonderoga aircraft carriers, and, later, more advanced systems on the FF-1040 and FF-1052 surface combatants.

In 1981, DRS became a publicly-held company and completed its first acquisition in 1984. To date, the Company has completed over 30 acquisitions. Through a disciplined acquisition strategy and an aggressive program of internal product development and new business initiatives, DRS has expanded its core technology base.

Today, DRS Technologies 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. We provide high-technology products and 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. We focus on several key areas of importance for the U.S. Department of Defense (DoD), such as intelligence, surveillance, reconnaissance, power management, advanced communications, network systems, engineering and logistics, and sustainment of our forces.

Directly supporting the military's mission requirements, the Company’s systems are deployed on the most technologically advanced ship, aircraft and land vehicle platforms in the world. We focus our resources on innovation, quality, cost-effectiveness and superior value for our customers, which has earned DRS recognition as one of the best-managed defense companies today, as well as one of the fastest growing defense technology companies in the world. DRS employs approximately 10,000 people worldwide. DRS is a strong company that is aligned with future DoD requirements, which support mobile forces, sustainment, reset, modernization and transformation.

About Company

DRS Technologies 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.

DRS serves 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 has demonstrated for 39 years that it has the agility, technology and focus to respond quickly to customers' needs. With a compound annual revenue growth rate of 40% over the past five years, DRS has been recognized as one of the fastest growing defense technology companies in the world.

DRS's systems are deployed on the most technologically advanced platform applications in the world. They serve on front-line U.S. Navy ships, submarines and aircraft carriers, Army vehicles, aircraft and ground forces, and Air Force platforms, as well as platforms operating in international force structures. DRS also responds to the needs of U.S. and allied military forces as they engage in day-to-day expeditionary activities. We focus our resources on innovation, quality, cost-effectiveness and superior value for our customers. This practice has earned DRS recognition as one of the best-managed defense companies today. It is our mission and responsibility to make the military's policies and visions a reality.

DRS Technologies is a publicly-held corporation, trading on the New York Stock Exchange under the symbol 'DRS.' Headquartered in Parsippany, New Jersey, the Company employs approximately 10,000 people worldwide, who are engaged in leading edge design, development, test, manufacturing, sustainment and technical support services. DRS is organized to directly address the military's mission requirements. Our 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. Each Segment is comprised of several major strategic business units, each supported by Company operational units located throughout the United States, Canada and Europe, with representation worldwide.

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. We have implemented an aggressive strategy for growth, focused on aligning the Company 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.

As you navigate through our web site, you will understand why we stand by our tagline: "Tomorrow's Technology. Today.