June 1, 2008 @ 6:01 pm
· Filed under DRS Technologies, Federal Budget Process, IT, SETA, development program, logistics, production program
These three articles illustrate how the US defense budget as it has grown over the last several years effects localities economically. This one and this one discuss how Western Pennsylvania relies on the budget to support local industry. This article about Hawaii shows the effect of the Pacific Missile Range Facility on the island of Kaua’i. Although tourism is the major economy on that island the conduct of AEGIS missile defense tests certainly adds money to the local economy. Read the rest of this entry »
Tagged with: Contract Awards, declines, defense budget, economy, federal government, federal spending, hawaii, last several years, localities, missile defense tests, money, new administration, pacific missile range, pacific missile range facility, pennsylvania, tourism, western pennsylvania
May 14, 2008 @ 12:20 am
· Filed under Acquisitions, Congress, DRS Technologies, Finemeccanica, IT, Italy, augusta westland, 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.
Tagged with: acquisition, acquisitions, BAE, Congress, drs, EADS, election year, european company, finmeccanica, political environment, stock, target
January 28, 2008 @ 5:04 pm
· Filed under Booz Allen Hamilton, Contract Awards, DLA, DRS Technologies, Department of Defense, logistics
DRS Technologies was hired as a sub-contractor by Booz Allen Hamilton to conduct inspections of DoD fixed fuel sites world wide. See a UPI article for more details. BAH had been given a logistics support contract by the Defense Logistics Agency recently. DRS technologies currently supports DoD fuel system in the US.
