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Finmeccanica Won a New Order for The U.S. Navy - Finmeccanica, through its company DRS Technologies, Inc., received an award with a ceiling value of USD 691 million for a U.S. Navy Submarine Technology Insertion Hardware (TIH) contract - Finmeccanica.com
Finmeccanica Won a New Order for The U.S. Navy

 

PRZOOM - /newswire/ - Washington, DC, United States, 2011/12/06 - Finmeccanica, through its company DRS Technologies, Inc., received an award with a ceiling value of USD 691 million for a U.S. Navy Submarine Technology Insertion Hardware (TIH) contract - Finmeccanica.com. FNC IM; SIFI.MI

   
 
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DRS has been awarded by Lockheed Martin a five year indefinite delivery/indefinite quantity (IDIQ) contract to provide submarine combat and sonar systems designed around commercially available hardware and software.

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.

About Finmeccanica North America

Finmeccanica North America (Finmeccanica.com) is headquartered in Washington D.C. and is the United States representative of Finmeccanica S.p.A. From the military to the commercial sectors to land, sea and outer space, our group makes products designed to protect our freedom and empower the nation.

 
 
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Agency / Source: Leonardo S.p.a.

 
 

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Finmeccanica Won a New Order for The U.S. Navy

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Contact: Press Office - Finmeccanica.com 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Leonardo S.p.a. securities in any jurisdiction including any other companies listed or named in this release.

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