PARSIPPANY, N.J., April 3 /CNW/ - DRS Technologies, Inc. (NYSE: DRS) and
the Thales Group (Paris: HO.PA) announced today that they have formed DRS
Sonar Systems, LLC, a DRS majority-owned joint venture company with Thales
North America, Inc. The company will focus on undersea warfare systems (UWS)
for defense and homeland security applications.
The company partners two leading global defense technology companies in
order to become a preferred provider of UWS solutions for U.S. and foreign
DRS Sonar Systems will manufacture undersea warfare products and systems
under license from Thales and serve as the point of contact for sales and
support in the United States. The new company also will develop new underwater
systems tailored to U.S. Navy requirements by integrating subsystems from
other contractors and Thales' extensive product base.
"DRS has developed a solid relationship with the U.S. Navy through years
of providing high-quality solutions that increase ship survivability and
maintain a strong naval force," said Steven T. Schorer, president of DRS's
Command, Control, Communications, Computers and Intelligence Segment. "This
expansion into the undersea warfare battlespace allows DRS to offer a broader
scope of modern solutions that meet the requirements of our Navy customers."
"This alliance with Thales provides DRS with an entry into the growing
underwater systems market, and adds another critical capability to our strong
portfolio of products and services we provide the U.S. Navy," said Richard S.
Danforth, president of DRS's Command, Control & Communications Strategic
Business Unit (C3 SBU). "This is an exciting opportunity for us to further
expand our offerings and enhance our reputation as a leading supplier to naval
The company's C3 SBU is a world leader in the development and production
of naval display consoles, ship communication systems, radar and electronic
manufacturing and integration services.
"The new joint venture confirms Thales' strategic multi-domestic
positioning and provides the vehicle to deliver world-class underwater warfare
systems solutions from Thales Underwater Systems to U.S. industry partners for
the benefit of the U.S. Navy," said Allan Cameron, chairman and CEO of Thales
"Thales Underwater Systems is the largest supplier of underwater systems
outside the U.S. and is pleased to collaborate with DRS, a leading provider of
systems, services and products to the U.S. government," said Guy Baruchel,
president of Thales Underwater Systems. "With this partnership, we can now
leverage our global expertise in designing sonar systems for ships, submarines
and aircraft and deliver unparalleled sonar solutions in the U.S. market."
Thales is a leading international electronics and systems group, serving
defense, aerospace and security markets worldwide, and supported by a
comprehensive services offering. The company's civil and military technology
businesses develop in parallel to serve a single objective: the security of
people, property and nations. Thales employs approximately 60,000 people.
DRS Technologies, headquartered in Parsippany, New Jersey, is a leading
supplier of integrated products, services and support to military forces,
intelligence agencies and prime contractors worldwide. The company employs
approximately 10,000 people. For more information about DRS Technologies,
please visit the company's web site at www.drs.com.
DRS is exhibiting today through Thursday at the 2007 U.S. Navy League
Sea-Air-Space Exposition, booth 1502, at the Marriott Wardman Park Hotel in
For further information:
For further information: DRS Technologies Richard M. Goldberg,
973-451-3584 Vice President, Public Affairs firstname.lastname@example.org or Patricia M.
Williamson, 973-898-6025 Vice President, Investor Relations
email@example.com or Thales North America Francis "Chip" Sheller,
703-964-6271 Vice President, Communications firstname.lastname@example.org or
Markus Leutert, +33 (0)1-5777-8726 Thales Corporate Communications