This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

DRS Technologies Receives Three Top Defense Security Service Awards For Outstanding Industrial Security

ARLINGTON, Va., June 26, 2013 /PRNewswire/ -- DRS Technologies, a Finmeccanica company, has been awarded the James S. Cogswell Award for Outstanding Industrial Security Achievement.

(Logo: )

For 2013, the Defense Security Service (DSS) awarded three DRS facilities, including its corporate headquarters in Arlington, Va., that exemplify the eminent principles of industrial security and exceed U.S. Department of Defense requirements.  This is the first time DRS Technologies has been recognized for this significant achievement.

The James S. Cogswell Award was established in 1966 and is the most prestigious citation for a cleared facility that demonstrates security excellence and a proven history of substantial compliance by a cleared facility over multiple years.  The award is historically earned by less than one percent of the nation's more than 13,000 eligible cleared defense contractor facilities. 

The three Cogswell Awards come on the heels of DRS recently receiving the highest U.S. honor for protecting classified information and technology when in April 2013 the company was presented with the Defense Security Service Award for Excellence in Counterintelligence.

This is the first time a company operating under a Proxy Agreement has been given the Award for Excellence in Counterintelligence and the Cogswell Award in the same year.

DSS Director Stanley L. Sims said DRS Technologies earned the three Cogswell Awards this year because of the company's commitment to setting and meeting high levels of security performance on a consistent basis.

"Establishing and maintaining a security program that goes well beyond the minimum National Industrial Security Program requirements, while providing security leadership to its cleared facilities reflects DRS's superior commitment to sustaining secure and vigilant operations around the country," Sims said.

This year, just 25 defense industry facilities from more than 13,000 around the United States, were recognized by DSS for the Cogswell Award.  The DRS teams recognized by DSS for this award were the Corporate Security Team in Arlington, Va., the Network and Imaging Systems Team in West Melbourne, Fla. and the Network and Imaging Systems Team in Dallas, Texas.

DRS President and CEO and former U.S. Deputy Defense Secretary, William J. Lynn said maintaining secure industrial defense facilities is an essential responsibility for every company within the defense industry.  "The men and women of the U.S. military rely on industry to ensure its facilities rival the stringent security levels of military installations in order to safeguard our uniformed personnel as they defend us around the world," Lynn said.

Defense Security Service Industrial Security Field Operations personnel are responsible for evaluating defense contractors' compliance with establishing and maintaining a security program that far exceeds the basic National Industrial Security Program requirements. The Cogswell Award selection process is rigorous.  Nominations only go to facilities that have a minimum two consecutive superior industrial security review ratings and show a sustained degree of excellence and innovation in their overall security program management, implementation and oversight.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.99 0.00%
FB $102.01 0.00%
GOOG $682.40 0.00%
TSLA $151.04 0.00%
YHOO $27.04 0.00%


Chart of I:DJI
DOW 15,973.84 +313.66 2.00%
S&P 500 1,864.78 +35.70 1.95%
NASDAQ 4,337.5120 +70.6750 1.66%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs