New ETF Book by Larry Connors - Click here to read more
Uncooled FPAs are the core sensor technology found in critical equipment of soldiers on the battlefield such as thermal weapon sights, handheld thermal imaging cameras and Driver's Vision Enhancers (DVE). This technology enables the operator to penetrate battlefield smoke, dust, sand and fog across great distances in even the most extreme environments -- Day or Night.
"This achievement was to some extent a matter of being in the right place, with the right products, at the right time," said Chris Wright, senior vice president of Business Development for the Reconnaissance, Surveillance & Target Acquisition (RSTA) business group of DRS Technologies. "The conflicts in Iraq and Afghanistan have fueled the demand for uncooled infrared-imaging devices such as Thermal Weapon Sights and Driver's Vision Enhancers. We were able to capture key U.S. military contracts for these products -- and in the case of the DVEs -- the sole supplier for the largest U.S. Army DVE program of record. These awards have been instrumental in propelling us from fifth to first."
Wright also attributes this success to DRS leadership, who realized early on that advanced uncooled FPA technology would proliferate if it could be made both affordable and reliable. "As a result, we've made significant capital investments in our detector technologies since 2007, including the expansion of our Dallas, Texas-based wafer fabrication, assembly and production capabilities. In addition, we have accelerated the development and fabrication of next-generation detector technologies. These initiatives have resulted in an increase of our production staff to meet the soaring demand for our detector modules," stated Wright.
DRS' management of these contracts has been equally important to the company's climb to the top of the market-share rankings, said Maxtech International's Gabor F. Fulop, Ph.D. "This company has done a wonderful job of developing electro-optical technologies and scaling up the manufacturing processes to address the needs of today's military users," Dr. Fulop said.
"We are proud of the role our technologies play in supporting the warfighter, as they detect and counter threats that can't be seen by the naked eye," said Terry Murphy, president of RSTA. "These products help save lives and help achieve the military's mission objectives. These are priorities we jointly share with our customer."
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.
For additional information please contact: 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=1EE6DB79BA562144 http://www2.marketwire.com/mw/emailprcntct?id=0FAB427E5E99C1CB
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
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.
