DRS Technologies Receives $531 Million Contract Ceiling Extension

DRS Technologies has received an indefinite delivery/indefinite quantity $531 million contract ceiling extension to its current JV5 production contract to provide JV-5 ultra-rugged vehicle computing and display systems for the U.S. Army's Force XXI Battle Command, Brigade and Below program and Blue Force Tracking and the U.S. Marine Corps situational awareness requirements. The ceiling extension was awarded to DRS by the Army's Communication-Electronics Life Cycle Management Command in Fort Monmouth, New Jersey.