DRS Technologies wins $531 million U.S. Army contract to produce JV-5 vetronics

PARSIPPANY, N.J., 16 Dec. 2008. DRS Technologies Inc., A Finmeccanica Company, won an indefinite-delivery/indefinite-quantity (IDIQ) $531 million contract ceiling extension to its JV5 production contract, to provide JV-5 ultra-rugged vehicle computing and display systems for the U.S. Army's Force XXI Battle Command, Brigade, and Below (FBCB2) program and Blue Force Tracking (BFT) and the United States Marine Corps (USMC) situational awareness requirements.

Ok, maybe not fighting but sponsoring companies of the Aerospace Industries Association (AIA) were flipping coins to see who got which journalist at their table at the AIA Year-End Review and Forecast luncheon last week at the Mayflower Hotel in Washington.