DRS Technologies awarded $691 million IDIQ contract from Lockheed Martin for submarine technology upgrade

Posted by Skyler Frink

PARSIPPANY, NJ, Dec. 6, 2011. DRS Technologies, Inc., A Finmeccanica Company, announced that its DRS Laurel Technologies business unit, a subcontractor to Lockheed Martin, received an award for a U.S. Navy Submarine Technology Insertion Hardware (TIH) contract that will provide submarine combat and sonar systems designed around commercially available hardware and software.

DRS has been awarded a five year indefinite delivery/indefinite quantity contract with a ceiling value of $691 million from Lockheed Martin to provide the production hardware.

The Navy's Technology Insertion Hardware program includes design, development and production of hardware for the next two submarine technology insertions planned for Seawolf, SSGN, 688/688i, Virginia Class, and future submarine systems and platforms. The U.S. Navy will provide the Royal Australian Navy with similar technology insertions for the Collins Class submarines through the Foreign Military Sales program.