DRS moves HQ; reorganizes

In addition to relocating from the Garden State, DRS Technologies also has reorganized itself into three new operating groups.

DRS Technologies Inc has realigned its operating structure and will consolidate its Parsippany, N.J., and Rockville, Md., corporate functions to new headquarters in Crystal City, Arlington, Va., by the end of the year.

The company, owned by Italian defense giant Finmeccanica, also has been reorganized into three new operating groups, according to an April 30 announcement.
“As part of this reorganization, DRS has committed to enter soon into a new Proxy Agreement with the Defense Security Service that will allow DRS and its subsidiaries to operate as a unified organization without restriction on the company's eligibility to access classified information or compete for classified contracts,” it said.

The relocation and expansion costs, which will add more than 100 employees, will bring in excess of $10 million of capital investment to the region, Virginia Gov. Bob McDonnell’s office announced today.

McDonnell met with officials from DRS at the 2010 Farnborough International Air Show in England, one of the world's largest global aviation events.

As a result of the reorganization, DRS Network and Imaging Systems will include the electro-optical and integrated sensor systems lines of business, and the development of networks that integrate such sensors in a broader tactical C4 environment. Terry Murphy will lead this organization as group president.

DRS Power, Environmental and Sustainment Systems will include the S environmental systems, sustainment products, and power systems lines of business.Roger Sexauer will lead this organization as group president.

DRS Integrated Defense Systems and Services will includes the intelligence gathering, training systems, telecommunications services, and related lines of business as well as the legacy businesses of DRS Defense Solutions and DRS C3 & Aviation Group. Richard Danforth will lead this organization as group president. 

“I am confident that these actions will make our organization much stronger, lean and more competitive,” DRS Technologies CEO William Lynn III, said in the announcement.

DRS Technologies ranks No. 39 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.