September 30, 2016 9:31 AM ET

Aerospace and Defense

Company Overview of DRS Technologies, Inc.

Company Overview

DRS Technologies, Inc. provides integrated products, services, and support to military forces, intelligence agencies, and prime contractors worldwide. The company offers naval and maritime systems, ground combat mission command and network computing systems, global satellite communications and network infrastructure systems, aviation support and avionics systems, and intelligence and security solutions. It also provides training development and implementation, computer-aided design, depot repair, obsolescence management, gas turbine compressor blade pinning repair, global enterprise solutions, naval sustainment engineering, navy controls, product life cycle support, provisioning for product ...

2345 Crystal Drive

Suite 1000

Arlington, VA 22202

United States

Founded in 1968

10,200 Employees

Phone:

703-416-8000

Fax:

703-416-8010

Key Executives for DRS Technologies, Inc.

Chairman, Chief Executive Officer and Chief Executive Officer of Finmeccanica North America
Chief Financial Officer, Chief Operating Officer and Executive Vice President
President of C4I Group
President of Sensors & Nuclear Controls
President of Sustainment Systems Segment
Age: 60
Compensation as of Fiscal Year 2016.

DRS Technologies, Inc. Key Developments

DRS Technologies, Inc. Receives Up to $400 Million U.S. Army Contract

DRS Technologies, Inc. announced that the U.S. Army has awarded it a competitively-bid indefinite delivery, indefinite quantity contract worth up to $400 million to build the new Joint Assault Bridge system. The JAB system is a track-wheeled vehicle built on a modified M1 Abrams platform. It is designed to carry, deploy and recover a heavy ‘scissor’ bridge that provides gap-crossing capability for combat vehicles to cross wet or dry chasms. The system is an important tool for U.S. military ground forces, giving combat vehicles the ability to freely navigate the battlefield.

Leonardo On Acquisition Trail; Mulls Asset Swap

Leonardo - Finmeccanica S.p.a. (BIT:LDO) intends to make acquisitions. Chief Executive Officer of the company, Mauro Moretti said: “We are ready to buy or exchange businesses. We want to grow in our core areas, particularly in helicopters and defence electronics.” He indaicted that Leonardo could even be willing to swap part of its 25% stake in MBDA Holdings SAS. He is also eyeing control of ATR (GIE Avions de Transport Régional). DRS Technologies, Inc. put up for sale by Leonardo last year and then withdrawn after a stronger than expected turnaround, could also be a swap candidate, although the company intends to retain control, he stated.

DRS Technologies and Roboteam Sign Strategic Partnership for U.S. Army E.O.D. Robotics Opportunity

DRS Technologies has signed a strategic teaming agreement with Roboteam to develop a solution for the U.S. Army's emerging Common Robotic System - Individual (CRS-I) program. This alliance combines Roboteam's technologies and expertise in Military robotics with DRS's market presence, customer awareness, platform systems engineering, and production capabilities. The CRS-I will provide the dismounted warfighter with the capability to conduct lower-level reconnaissance, surveillance, and target acquisition; to remotely perform chemical, biological, radiological and nuclear detection; to remotely clear danger areas and conduct explosive obstacle counter measure operations; and conduct explosive ordnance disposal operations from a standoff distance.

Similar Private Companies By Industry

Company Name Region
4M Research, Inc. United States
A E Wolffe Limited United States
A&G Machine, Inc. United States
A-1 Machining Co. Inc. United States
a.i. solutions, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 4, 2015
DRS Technologies, Aviation and Logistics And Tactical Communications & Network Solutions Business
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact DRS Technologies, Inc., please visit www.drs.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.