March 04, 2015 7:05 AM ET

Aerospace and Defense

Company Overview of DRS Technologies, Inc.

Company Overview

DRS Technologies, Inc. develops, manufactures, and supports integrated a broad range of systems for military forces, intelligence agencies, and prime contractors worldwide. The company focuses on defense technology. It offers imaging and targeting solutions, cyber and information assurance solutions, control systems, communication solutions, intelligence solutions, tactical systems, sonar systems, training solutions, power and environmental systems, avionics systems, C3 and aviation systems, and unmanned systems; and global enterprise, tactical communications and network, maritime and security, signal, and commercial nuclear services. The company also provides thermal imaging devices, combat...

2345 Crystal Drive

Suite 1000

Arlington, VA 22202

United States

Founded in 1968

10,200 Employees

Phone:

703-412-9128

Fax:

703-416-8010

Key Executives for DRS Technologies, Inc.

Chairman and Chief Executive Officer
Chief Financial Officer and Executive Vice President
Chief Operating Officer and Executive Vice President
President of C4I Group
President of Sensors & Nuclear Controls
Compensation as of Fiscal Year 2014.

DRS Technologies, Inc. Key Developments

Finmeccanica Reportedly Invites Bids For DRS

Finmeccanica SpA (BIT:FNC) is moving ahead with the sale of some assets of DRS Technologies, Inc., paving the way to a possible exit, several sources familiar with the matter said. The decision to sell some DRS assets is part of a wider review of Finmeccanica's portfolio as it looks to cut debt and list investor confidence. Jefferies Group LLC is leading the sale and is expected to send out invitations called "teasers" as soon as next week, one of the sources said. The assets, which will be offered to both industry bidders and financial investors, could be valued at $200 million, two of the sources said. "Finmeccanica is reviewing all sorts of strategic options for DRS, including a majority stake sale," said a source familiar with the situation. Representatives at Finmeccanica and Carlyle declined to comment.

DRS Technologies Launches New Line of Radiometric Camera Cores

DRS Technologies Inc. debuted its new Tamarisk Precision Series line of radiometric camera cores at the 2015 SPIE Photonics West exhibition. Designed for applications that require both accurate temperature measurement and superior image quality, Tamarisk Precision Series is equipped with DRS's patented infrared sensor technology, expert calibration and new developer tools for greater flexibility, customization and integration for original equipment manufacturers. The Tamarisk 320 Precision Series, with its 17-micron pitch, proprietary infrared sensor architecture and 320x240 resolution, offers a means to remotely locate and identify key temperature variances in a given scene. The product includes new features for user-defined color parameters and a real-time temperature readout for swift and accurate decisions. This functionality is a common requirement of electrical and mechanical test and measurement, building inspection, medical diagnostics, fire detection, dual-purpose surveillance and process monitoring, and a host of other applications.

Finmeccanica To Sell DRS

Finmeccanica SpA (BIT:FNC) will offload DRS Technologies, Inc. in 2015. Mauro Moretti, Finmeccanica SpA's Chief Executive Officer said that he was considering selling DRS Technologies, Inc. in its entirety and previous managers have looked at offloading parts of DRS Technologies, Inc. Finmeccanica SpA is seeking to sell off its civilian rail activity.

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