Drs Technologies Awarded $7 M Contract to Provide Ship Communication Network System for the Republic of Korea's Navy

(Parsippany, NJ, April 5, 2007) -- DRS Technologies, Inc. (NYSE: DRS) announced today that it received a $7 million contract from the Daewoo Shipbuilding & Marine Engineering (DSME) Co. Ltd. (KSE: 042660) to provide Fiber Optic Data Multiplex System (FODMS) - Navigation Sensor Distributors for the second KDX-III destroyer of the Republic of Korea's Navy (ROKN). Under a previously awarded contract from the Special & Naval Shipbuilding Division of Hyundai Heavy Industries Co. Ltd. (KSE: 009540), DRS outfitted the first destroyer of this new fleet with the same equipment.

The FODMS is a unique, general-purpose, dual-network system that provides data and integrated communications between propulsion and power control systems, steering, navigation sensors, weapons systems, alarms, indicators and integrated bridge systems, as well as Aegis combat systems. It is a complete information transfer system designed to meet evolving ship communications requirements and to handle data that is critical to ship operations, enhancing reliability, maintainability and survivability.

The company's DRS EW & Network Systems unit based in Buffalo, New York, will accomplish the work for this contract, which will start immediately and continue through May 2010. The company expects to receive future contracts on this program as the ROKN deploys additional KDX-III destroyers.

For this contract DRS will manufacture, install and test the FODMS to ensure interoperability between legacy systems and the latest Commercial Off-The-Shelf (COTS)-based systems. The company also will provide operation maintenance training to DSME employees and ROKN personnel.

"This award is our second commercial sale of the FODMS to an international customer. It reflects our success in providing vital communications systems that ensure the safety and survivability of a fleet during deployments and our efforts to expand our international business base," said Richard S. Danforth, president of the company's Command, Control & Communications Strategic Business Unit.

Source : DRS Technologies Inc.

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