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Home Market Research Business

Leonardo DRS awarded $235M production contract from U.S. Navy (NASDAQ:DRS)

by TheAdviserMagazine
7 months ago
in Business
Reading Time: 1 min read
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Leonardo DRS awarded 5M production contract from U.S. Navy (NASDAQ:DRS)
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Leonardo DRS (NASDAQ:DRS) on Thursday said it was awarded a contract from NAVSEA to produce ship-based air and surface target detection AN/SPQ-9B radars.
The contract includes options, if exercised over five years, would bring the cumulative value to more than $235 million. Under the contract, Leonardo DRS will manufacture, inspect, and test AN/SPQ-9B radars and associated spare kits. Source: Press Release



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