|Aware of the growing threat of bomb-laden mini drones that recently emerged in Iraq and Syria, the US Army is rushing to field countermeasures and kinetic effects designed specifically to defeat drones. DRS and Moog are cooperating with RADA to demonstrate such 'hard kill' system for testing in October.|
Filed under: BAE Systems, Elbit Systems, Syndicated Industry News, United States
Filed under: Acquisitions, Agusta Westland, Congress, DRS Technologies, Finemeccanica, IT, Italy, production program
Bump – Fresh off good financial reports for the quarter, EADS is now looking at DRS Technologies as well. See an article here. This makes it sound like DRS might be a good buy.
As rumored this weekend Finmeccanica bought DRS today. The deal is for around $5 B. See an article here. This is the biggest acquisition so far by an European company. DRS has been an attractive take over target for a few years, one of the reasons its stock was so high. If this deal can make it through the necessary regulatory and legal review it will be quite stunning. Prior to this BAE and EADS had been doing smaller acquisitions, under a $1B. In today’s political environment due to the KC-45 deal and it being an election year it should be interesting to see Congress’s reaction.
Filed under: Acquisitions, Finemeccanica, Italy, production program, SETA
This article discusses the idea that Finmeccanica, the Italian defense conglomerate, is looking at DRS Technology for an American acquisition. Like EADS and BAE the Italian company has been expanding its presence in the US. Its helicopter arm, Augusta Westland, won the VH-71 Presidential helicopter teamed with Lockheed Martin and is also trying to win the CSAR-X recompete post-protest. DRS which makes advanced sensors and electronics while providing SETA services has long been an attractive take over target. It’s stock though has done very well recently and for Finmeccanica to buy it would require a substantial investment. Read more
WASHINGTON D.C.–(BUSINESS WIRE)–Leveraging its advanced teleport and a long-term alliance with DRS Technical Services, SES WORLD SKIES, a division of SES S.A. (Paris:SESG)(LuxX:SESG), today announced it is hosting a new, mission-critical Department of Defense communications node near the nation’s capital. By installing a Defense Information Systems Network (DISN) connection point at SES WORLD SKIES’ media port in Manassas, Virginia, the U.S. government has greatly enhanced its access to World