
DRS Technologies, a subsidiary of the Italy-based Leonardo-Finmeccanica, won a $339 million five-year, firm-fixed price indefinite delivery/indefinite quantity (IDIQ) U.S. Army contract to produce a next-generation hand-held precision laser targeting system to target munitions, the company said Tuesday.The contract calls for DRS to produce the Joint Effects Targeting System (JETS), which is designed for users to engage targets with precision munitions and provide digital connectivity to request call-for-fire. Using JETS, forward observers will be able to call for precision-guided munitions…