Leonardo DRS Awarded More than $134 Million Production Order for Family of Weapon Sights

Rhea-AI Summary

Leonardo DRS, Inc. has received an order for the continued production of its next-generation thermal weapon sights for the U.S. Army. The production order is worth over $134 million and was made under the Family of Weapon Sights – Individual (FWS-I) IDIQ contract. The FWS-I is a stand-alone, clip-on weapon sight that connects wirelessly to helmet-mounted vision systems, providing soldiers with rapid target acquisition capabilities day or night and in smoke or fog.

ARLINGTON, Va.--(BUSINESS WIRE)-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received an order for continued production of its next-generation thermal weapon sights for the U.S. Army. The recently awarded production order for more than $134 million was made under the Family of Weapon Sights – Individual (FWS-I) IDIQ contract.

Leveraging DRS’ uncooled thermal imaging technology, FWS-I is a stand-alone, clip-on weapon sight that connects wirelessly to helmet-mounted vision systems including the enhanced night vision goggle binoculars (ENVG-B) and the next-gen integrated visual augmentation system (IVAS) and provides rapid target acquisition capabilities to the soldier. It gives users the ability to acquire targets day or night and in smoke or fog, which provides strategic and tactical advantages to the soldier.

“This cutting-edge technology ensures our soldiers will have the most advanced weapon sight systems on the battlefield today. We are proud the U.S. Army recognizes us as a trusted partner to continue to deliver this vital technology,” said Jerry Hathaway, senior vice president and general manager of DRS’s Electro-Optical Infrared Systems business.

About Leonardo DRS

Headquartered in Arlington, VA, Leonardo DRS, Inc. is an innovative and agile provider of advanced defense technology to U.S. national security customers and allies around the world. We specialize in the design, development and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion, and other leading mission-critical technologies. Our innovative people are leading the way in developing disruptive technologies for autonomous, dynamic, interconnected, and multi-domain capabilities to defend against new and emerging threats. For more information and to learn more about our full range of capabilities, visit www.LeonardoDRS.com.

Forward-Looking Statements

This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231106732805/en/

Leonardo DRS Investor Relations Contacts

Steve Vather

Vice President, Investor Relations and Corporate Finance

+1 703 409 2906

stephen.vather@drs.com

Leonardo DRS Media Contact

Michael Mount

Vice President, Communications and Public Affairs

+1 571 447 4624

mmount@drs.com

Source: Leonardo DRS, Inc.

FAQ

What is the company behind the thermal weapon sights?

The company behind the thermal weapon sights is Leonardo DRS, Inc.

What is the contract under which the production order was made?

The production order was made under the Family of Weapon Sights – Individual (FWS-I) IDIQ contract.

What is the value of the production order?

The production order is worth over $134 million.

What are the capabilities of the FWS-I?

The FWS-I is a stand-alone, clip-on weapon sight that connects wirelessly to helmet-mounted vision systems, providing soldiers with rapid target acquisition capabilities day or night and in smoke or fog.

Who is the senior vice president and general manager of DRS’s Electro-Optical Infrared Systems business?

Jerry Hathaway is the senior vice president and general manager of DRS’s Electro-Optical Infrared Systems business.