DRS to Make Army Surveillance Subsystems

PARSIPPANY, N.J., Oct. 16 -- DRS Technologies Inc. announced today it was awarded a $16.8 million subcontract by Raytheon Co. to provide major subsystems to Raytheon for the US Army's long-range advanced scout surveillance system (LRAS3). LRAS3 provides Army brigade reconnaissance troops, armor and infantry battalion scout platoons and Stryker brigade combat teams with a long-range detection, recognition, identification and far-target location capability.

LRAS3 provides precise far-target location by incorporating forward-looking infrared technology, a global positioning interferometer, an eye-safe laser range finder and a day video camera.

The contract was awarded to DRS by Raytheon Company's (NYSE: RTN - News) Network Centric Systems business in McKinney, Texas. The company's DRS Optronics unit in Palm Bay, Florida will perform all work associated with the award at its electro-optical design and production facilities. Product deliveries are expected to be completed in May 2004. Including the latest award, DRS has booked more than $64 million on the LRAS3 program.

For more information, visit: www.drs.com