Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

DRS Technologies Awarded $100 Million Contract for Additional M1000 Heavy Equipment Transporter Trailers for the U.S. Army

Mon. July 20, 2009; Posted: 03:15 AM
Stocks RSS
PARSIPPANY, NJ, Jul 20, 2009 (MARKETWIRE via COMTEX) -- DRS | Quote | Chart | News | PowerRating -- DRS Technologies, Inc. announced today that it received an order valued over $100 million to manufacture 270 M1000 Heavy Equipment Transporter (HET) trailers for the U.S. Army.

This recent order from the Army's office of Program Manager, Heavy Tactical Vehicles at the TACOM Lifecycle Management Command, is the follow-on production contract associated with the low-rate initial production of six trailers delivered in June for government test and evaluation.

The M1000 HET trailer is designed and manufactured by the company's DRS Sustainment Systems division, and the work for this contract will be performed at its heavy manufacturing facility in West Plains, Missouri. Trailer deliveries will take place later this year. At the completion of this order, DRS Technologies will have manufactured more than 2,600 HET trailers for the U.S. Army.

The M1000 HET is engineered to transport the M1 Abrams Main Battle Tanks over primary and secondary roads, or cross-country over rough terrain. Due to its extraordinary flexibility, it can carry all types of tracked and wheeled vehicles, containers and large bulk cargo weighing as much as 80 tons, either on- or off-road.

DRS Technologies, headquartered in Parsippany, NJ, is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide. The company is a wholly owned subsidiary of Finmeccanica S.p.A. (FNC.MI) which employs more than 73,000 people worldwide. For more information about DRS Technologies, please visit the company's website at www.drs.com.

Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=1024955

Richard M. Goldberg
Senior Vice President
Public Affairs and Communications
(973) 451-3584
Email Contact

Brian T. Gallagher
Director
Public Affairs and Communications
(973) 898-7322
Email Contact


SOURCE: DRS Technologies

http://www2.marketwire.com/mw/emailprcntct?id=B3D466C2C04AACAB
http://www2.marketwire.com/mw/emailprcntct?id=7B0E25C4939ED587
For full details for DRS click here.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Related News [DRS]
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.