DRS Technologies

June 13, 2009 - 12:02am

The world financial crisis is hitting military budgets as well as commercial aviation, forcing Finmeccanica, Italy’s leading defense and aerospace group, to keep a close eye on the evolving situation.

July 7, 2008 - 5:48am

Italy’s Finmeccanica agreed to acquire U.S. defense electronics group DRS Technologies a month before the U.S. Government Accountability Office announced its decision supporting Boeing’s appeal against the award of the KC-X military tanker contract to EADS/Northrop Grumman. It is questionable whether the GAO’s decision signals a wider U.S. intent to block foreign encroachment on the U.S. defense market.

 
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