U.S. Navy Awards Leonardo DRS $417 Million Contract for Submarine Combat System Hardware
Leonardo DRS (NASDAQ: DRS) has been awarded a $417 million contract by the U.S. Navy to provide critical electronic combat control and sonar systems equipment for submarines. The Technology Insertion Hardware TI-26 contract will cover design, procurement, production, testing, installation, and support of various systems including displays, workstations, processors, and network systems.
The contract, awarded by the Naval Undersea Warfare Center, Keyport, will support the Submarine Warfare Federated Tactical System for U.S. Navy submarines. It also includes purchases for the Foreign Military Sales program and the Royal Australian Navy. This latest generation contract highlights DRS's continued role as a trusted partner in submarine combat control and sonar system hardware programs.
Leonardo DRS (NASDAQ: DRS) ha ricevuto un contratto di 417 milioni di dollari dalla Marina degli Stati Uniti per fornire attrezzature critiche di controllo elettronico del combattimento e sistemi sonar per sottomarini. Il contratto di Hardware di Inserimento Tecnologico TI-26 comprenderà la progettazione, l'acquisto, la produzione, il collaudo, l'installazione e il supporto di vari sistemi, tra cui display, postazioni di lavoro, processori e sistemi di rete.
Il contratto, assegnato dal Naval Undersea Warfare Center di Keyport, sosterrà il Sistema Federato Tattico per la Guerra Sottomarina per i sottomarini della Marina degli Stati Uniti. Include anche acquisti per il programma di Vendite Militari Estere e per la Marina Reale Australiana. Questo contratto di ultima generazione mette in evidenza il continuo ruolo di DRS come partner di fiducia nei programmi di hardware per il controllo del combattimento dei sottomarini e dei sistemi sonar.
Leonardo DRS (NASDAQ: DRS) ha sido adjudicado un contrato de 417 millones de dólares por parte de la Marina de los EE. UU. para proporcionar equipos críticos de control de combate electrónico y sistemas de sonar para submarinos. El contrato de Hardware de Inserción Tecnológica TI-26 abarcará el diseño, la adquisición, la producción, la prueba, la instalación y el soporte de varios sistemas, incluidos pantallas, estaciones de trabajo, procesadores y sistemas de red.
El contrato, otorgado por el Centro de Guerra Submarina Naval en Keyport, apoyará el Sistema Táctico Federado de Guerra Submarina para los submarinos de la Marina de EE. UU. También incluye compras para el programa de Ventas Militares Exteriores y la Marina Real Australiana. Este contrato de última generación destaca el papel continuo de DRS como socio de confianza en los programas de hardware de control de combate y sistemas de sonar para submarinos.
레오나르도 DRS (NASDAQ: DRS)는 미국 해군으로부터 4억 1700만 달러 계약을 체결하여 잠수함을 위한 전자 전투 제어 및 소나 시스템 장비를 제공하게 됩니다. 기술 삽입 하드웨어 TI-26 계약은 디자이너, 조달, 생산, 테스트, 설치 및 다양한 시스템의 지원을 포함하며, 여기에는 디스플레이, 작업대, 프로세서 및 네트워크 시스템이 포함됩니다.
키포트의 해군 수중 전쟁 센터가 체결한 이 계약은 미국 해군 잠수함을 위한 잠수함 전투 연합 전술 시스템을 지원합니다. 또한 외국 군사 판매 프로그램과 호주 왕립 해군을 위한 구매도 포함됩니다. 이 최신 세대의 계약은 DRS가 잠수함 전투 제어 및 소나 시스템 하드웨어 프로그램의 신뢰할 수 있는 파트너로서 지속적인 역할을 하고 있음을 강조합니다.
Leonardo DRS (NASDAQ: DRS) a été attribué un contrat de 417 millions de dollars par la marine américaine pour fournir des équipements critiques de contrôle électronique de combat et des systèmes sonar pour les sous-marins. Le contrat de matériel d'insertion technologique TI-26 couvrira la conception, l'acquisition, la production, les tests, l'installation et le support de divers systèmes, y compris des affichages, des stations de travail, des processeurs et des systèmes réseau.
Le contrat, attribué par le Naval Undersea Warfare Center de Keyport, soutiendra le Système Tactique Fédéré pour la Guerre Sous-Marine pour les sous-marins de la marine américaine. Il inclut également des achats pour le programme de ventes militaires étrangères et la Marine Royale australienne. Ce contrat de dernière génération souligne le rôle continu de DRS en tant que partenaire de confiance dans les programmes de matériel de contrôle de combat et de systèmes sonar pour sous-marins.
Leonardo DRS (NASDAQ: DRS) wurde von der US Navy mit einem Vertrag über 417 Millionen Dollar beauftragt, um kritische elektronische Kampfkontroll- und Sonarsystem-Geräte für U-Boote bereitzustellen. Der Vertrag für die Technologieeinsatzhardware TI-26 umfasst Design, Beschaffung, Produktion, Tests, Installation und Unterstützung verschiedener Systeme, darunter Displays, Arbeitsplätze, Prozessoren und Netzwerksysteme.
Der Vertrag, der vom Naval Undersea Warfare Center in Keyport vergeben wurde, wird das Submarine Warfare Federated Tactical System für die U-Boote der US Navy unterstützen. Er beinhaltet auch Käufe für das Programm für Ausländische Militärverkäufe und die Royal Australian Navy. Dieser Vertrag der neuesten Generation hebt die fortdauernde Rolle von DRS als vertrauenswürdiger Partner in den Programmen für Hardware zur Kampfkontrolle von U-Booten und Sonarsystemen hervor.
- Secured a $417 million contract with the U.S. Navy
- Contract covers critical submarine combat and sonar systems
- Includes sales to Foreign Military and Royal Australian Navy
- Demonstrates continued trust as a design agent for submarine systems
- None.
Insights
The $417 million contract awarded to Leonardo DRS by the U.S. Navy represents a significant win for the company in the naval defense sector. This contract for the Technology Insertion Hardware TI-26 program underscores Leonardo DRS's strong position in submarine combat systems and sonar equipment.
Key points to consider:
- The indefinite delivery/indefinite quantity nature of the contract provides flexibility for the Navy and potential for additional orders.
- The inclusion of Foreign Military Sales and the Royal Australian Navy expands the contract's scope, potentially leading to increased international presence for Leonardo DRS.
- As the latest generation of an evolving system, TI-26 demonstrates the company's ability to innovate and maintain long-term relationships with defense clients.
From an investor's perspective, this contract offers several positive implications:
- Steady revenue stream: The
$417 million ceiling provides a substantial backlog, contributing to financial stability. - Market position reinforcement: Being selected again as the design agent strengthens Leonardo DRS's competitive advantage in naval electronics.
- Growth potential: The contract's international component may open doors for future export opportunities.
However, investors should also consider potential risks, such as project execution challenges and the cyclical nature of defense spending. Overall, this contract appears to be a positive development for Leonardo DRS, potentially boosting investor confidence in the company's future prospects.
The TI-26 contract awarded to Leonardo DRS signifies a important advancement in submarine warfare technology. This system's importance lies in its role as the backbone of the Submarine Warfare Federated Tactical System, which is vital for modern submarine operations.
Key technological aspects to note:
- Continuous evolution: The TI-26 represents the latest iteration in a series of upgrades, highlighting the rapid pace of innovation in submarine combat systems.
- Comprehensive scope: The contract covers a wide range of components, including displays, workstations, processors and network systems, indicating a holistic approach to submarine combat control.
- Interoperability: The inclusion of allied navies suggests a focus on creating standardized systems across friendly forces, enhancing joint operations capabilities.
From a technological standpoint, this contract underscores several important trends in naval warfare:
- Increased digitalization of submarine systems, allowing for more efficient data processing and decision-making.
- Enhanced network-centric warfare capabilities, enabling better integration of submarines into larger naval and joint force operations.
- Potential for future AI integration, as more advanced processors and networks could pave the way for machine learning applications in submarine warfare.
While the specific technical details of the TI-26 system are not disclosed, its selection by the U.S. Navy and allies indicates that it likely represents the cutting edge of submarine combat control technology. This positions Leonardo DRS as a key player in shaping the future of underwater warfare capabilities.
The Technology Insertion Hardware TI-26 indefinite delivery/indefinite quantity contract will provide design, procurement, production, sparing, test, installation, and support of displays, workstations, processors, and network systems; the production of subsequent systems, kits and enclosures; and engineering and technical services. The contract was awarded by the
TI-26 is the latest generation of a continuously evolving family of display, processor, and network systems in support of the US Navy's Submarine Warfare Federated Tactical System family of systems required on
“We are very proud to again be selected as the design agent on TI-26 and are honored to support this critical submarine combat control and sonar system hardware program for the
This work is an example of DRS’s deep experience as a leader in complex design and manufacturing supporting a wide range of missions and capabilities. The company’s abilities extend across all domains to support naval, ground, air, space, and cyber missions in areas of sensing, force protection, computer networking, as well as naval power and propulsion systems.
About Leonardo DRS
Headquartered in
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 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.
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Leonardo DRS Investor Relations Contacts
Steve Vather
Senior 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.
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