Wednesday, June 17, 2009

DRS FWB to build pods

PARSIPPANY, N.J. - DRS Technologies announced the receipt of follow-on orders of $43.9 million for the P5 Combat Training System/Tactical Combat Training System. DRS will be responsible for the production, testing, and fielding of the pods flown on a variety of aircraft. Under contracts were awarded by the 689th Armament Systems Squadron at Eglin Air Force Base, Fla. The pods will be manufactured at the DRS Technologies facility in Ft. Walton Beach, Fla., and deliveries will begin in mid-2010. (Source: MarketWatch, 06/17/09)