November 9, 2007 DRS Technologies has entered a $250 million contract with the US Navy to offer a satellite-based broadband and VoIP network for military personnel deployed overseas. We’re continually evaluating the very best areas for us to conduct company in as the industry demands,” Corcoran said. DRS leases space in a Cayuga Drive developing owned by the Niagara Frontier Transportation Authority, west of Buffalo Niagara International Airport. Dallas-primarily based Sierra Technologies bought Sierra Study in 1991, prior to selling it to Veritas Capital Fund LP in 1999. Veritas formed Integrated Defense Technologies as a platform for many organizations it owned, such as Sierra. In 2003, DRS Technologies acquired Integrated Defense Technologies – such as Sierra – for $550 million. DRS will relinquish 26,000 square feet of space recognized as hangar bay six as of April 1.
DRS supplies integrated products, solutions and help to military forces, intelligence agencies and prime contractors worldwide. Ruth Keating, senior counsel and manager of real home for the NFTA, told the authority’s board of commissioners this week that the NFTA is speaking with Executive Air Share, another tenant there, about filling some of the space DRS will vacate. DRS will pay rent of about $429,000 to cover the lease extension for its Cheektowaga space, from April 1 via Dec.
Data supplied by the NFTA said DRS and its predecessor, Sierra, had leased space at 485 Cayuga Road since 1964. DRS leases about 125,000 square feet in the Cayuga Drive developing and 2,000 square feet in a nearby Quonset hut. DRS will give its Shipboard Integrated Communications Method (SHINCOM 3100) central switching unit, helicopter audio distribution system, public address server, recorder storage units, console dual screen terminals, outdoor terminals, jackboxes and ancillaries, as nicely as the Avaya G450 PABX telephone system.
DRS Technologies will produce and provide two shipsets, the first of which is expected to be delivered in early 2016. Government Contracting News Wire – GovConWire – offers up-to-the-minute coverage of news that impacts the government contracting neighborhood. Published by Executive Mosaic , we strive to supply coverage of the corporations and executives that serve this nation by way of the merchandise they develop, the visions they share, the jobs they generate and the improvements they bring to the lives of Americans.
In addition to the new Group structure, DRS will be consolidating corporate functions presently primarily based in Parsippany, NJ and Rockville, MD to its Crystal City headquarters in Arlington, Virginia. The Land Command Assistance System acts as the central nervous system of the deployed force, relaying essential info among the battlefield, commanders at headquarters and troops on patrol.