Yahoo Finance U.S. Navy Awards Leonardo DRS Radar Design Agent and Engineering Services for AN/SPQ-9B
ARLINGTON, Va., May 28, 2024--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it was awarded a contract from NAVSEA to provide AN/SPQ-9B radar design agent and engineering services. The contract includes options, if exercised, would bring the cumulative value to more than $26 million.
Under the contract, DRS will provide system engineering, software development, hardware design, installation, safety, test, product updates, system upgrade and configuration management support.
"We are very proud to be selected as the design agent on SPQ-9B and are honored to support this critical air and surface threat detection program for the Navy," Cari Ossenfort, senior vice president and general manager of the Leonardo DRS Naval Electronics business unit. "Our agility, proven engineering processes as well as our experienced team are the key reasons we are a trusted partner to NAVSEA and PEO Integrated Warfare Systems."
The AN/SPQ-9B is an X-band, pulse Doppler, frequency-agile radar which was designed specifically for the littoral environment. It has a very high clutter improvement factor supporting a very low false track rate in the littorals and in high clutter environments. It scans out to the horizon and performs simultaneous and automatic air and surface target detection and tracking of low flying anti-ship cruise missiles surface threats, and low/slow flying aircraft, UAVs, periscopes, and helicopters.
This award builds upon our existing RF and EW systems capabilities and is an expansion of the support that DRS has provided for AN/SPQ-9B over the past six years. This work is an example of DRS’s deep experience as a leader in complex design and manufacturing supporting a wide range of missions. The company’s capabilities extend across all domains to support naval, ground, air, space, and cyber missions in areas of sensing, force protection, computer networking, as well as naval power and propulsion systems.
About Leonardo DRS
Headquartered in Arlington, VA, Leonardo DRS, Inc. is an innovative and agile provider of advanced defense technology to U.S. national security customers and allies around the world. We specialize in the design, development and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion, and other leading mission-critical technologies. Our innovative people are leading the way in developing disruptive technologies for autonomous, dynamic, interconnected, and multi-domain capabilities to defend against new and emerging threats. For more information and to learn more about our full range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
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Contacts
Leonardo DRS Investor Relations Contacts
Steve Vather
Senior Vice President, Investor Relations and Corporate Finance
+1 703 409 2906
stephen.vather@drs.com
Leonardo DRS Media Contact
Michael Mount
Vice President, Communications and Public Affairs
+1 571 447 4624
mmount@drs.com
