Leonardo DRS Wins $77 Million Contract to Provide MEP for New US Army Air Defense Platform

MT Newswires Live

Oct 16, 2024

Leonardo DRS (DRS) said Tuesday that military vehicle manufacturer General Dynamics Land Systems has awarded it a contract to deliver additional mission equipment packages, or MEP, for the new SGT Stout M-SHORAD Stryker.

The company said it will handle the assembly, integration, and testing of MEP systems under this contract, which is worth over $77 million.

Leonardo DRS said the MEP integration into the US Army's SGT Stout Stryker vehicle equipped with the maneuver short-range air defense system will enable soldiers to detect, identify, track, and defeat Group 3 unmanned aerial systems, rotary wing, and fixed-wing threats.

Price: 28.41, Change: +0.19, Percent Change: +0.67

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