Friday, New Jersey-based DRS Technologies, Inc. (NYSE:DRS) reported it had been awarded a contract with the U.S. Army for $42 million. DRS is a provider of services and support for military forces, agencies, and contractors around the world. The contract requires DRS to start production on M989A1 Heavy Expanded Mobility Ammunition Trailers (HEMATs). In total, the Army wants 670 more trailers as part of the expanded five-year Indefinite Delivery/Indefinite Quantity contract that was already in place. Shares of DRS were trading up 3.7 percent at $76.99 in afternoon trading.

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