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It is the policy of DRS Technologies to maintain the highest level of professional and ethical conduct in our business affairs. We place the utmost importance upon our reputation for honesty, integrity and high standards. Our policies reaffirm the importance of the standards in our Code of Business Ethics and Conduct, including strict compliance with all laws - federal, state, local and international - which affect our business.
Our standards are maintained through the actions and conduct of all DRS personnel. Our employees know that it is their obligation to conduct themselves in a manner that ensures the maintenance of these standards. Our Code of Business Ethics and Conduct are distributed to each employee. DRS's management is personally committed to the ideas, principles and procedures described in these documents. Our hard-earned reputation for the highest standards of business conduct is of the greatest importance to DRS.
All DRS employees have a vital interest in compliance with our Ethics Program. Compliance assures the continuance of DRS's reputation for integrity and fair dealing. Within each operating unit of the Company, the chief executive of the unit has the overall responsibility for implementing, monitoring and enforcing our program. DRS employees are responsible for ensuring that their own conduct, as well as the conduct of those who report to them, comply with this program. Our Ethics Program is considered the true expression of the Company's philosophy and intent. All Company units maintain detailed procedures for preventing and detecting violations of national, state, local and international laws and Company policies. In addition, DRS has published a series of policies related to the pursuit, performance and administration of U.S. Government contracts and subcontracts. Adherence to these policies is mandatory for all Company personnel, and each is responsible for ensuring that the policies are understood and implemented in a manner consistent with all requirements.
The Company's Board of Directors has overall policy responsibility for the effective implementation and execution of DRS's Ethics Program. The Board has designated an Ethics Committee, consisting of DRS's President and CEO, Executive Vice President, General Counsel and Secretary, and an outside member of the Board of Directors. This Ethics Committee has been delegated authority for oversight of the operation of the Ethics Program.
The Ethics Committee has established a Compliance and Coordinating Committee that is chaired by the Executive Vice President, General Counsel and Secretary. This Committee has operational control over implementation and review of the Ethics Program. The Senior Vice President, Compliance is designated by the Ethics Committee as the executive level official responsible for the day-to-day operation of the Ethics Compliance program. The Senior Vice President, Compliance reviews and monitors the compliance procedures adopted by each business unit to assure the Board of Directors and DRS management that the procedures are adequate.
Revisions to the Ethics Program may be issued from time to time to reflect expansions or changes in applicable laws and regulations.
Code of Business Ethics and Conduct
The DRS Helpline
DRS Technologies' Prohibition of Bribes and Kickbacks
DRS Technologies' Compliance with International Anti-Corruption Laws Policy