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DRS Technologies Inc. (DRS) is in the Technology Industry

Revenue
Mar 31 2008
$3.2B
Profit
Mar 31 2008
$165.7M
Market Cap
Jul 17 2008
$3.2B

Latest News and Analysis

Additional Resources

  • DRS Awarded $16 Million US Army Contract for Multi-Temperature Refrigeration Container Systems

    PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE:DRS) announced today that it received a $16.2 million order to provide Multi-Temperature Refrigeration Container System MTRCS units to the U.S. Army's Natick Soldier Systems Center at Natick, Massachusetts. The full-rate production order is part of a previously awarded fixed price five-year...

    Articles 2008-06-02

  • DRS Technologies Inc

    DRS Technologies Inc., Parsippany, N.J., said it has received three contract awards worth approximately $55 million from the U.S. Army's Communications-Electronics Command CECOM at Fort Monmouth, N.J., to manufacture more than 2300 Tactical Quiet Generators TQG. The first delivery order is worth $37 million, the second delivery awarded...

    Articles 2008-06-01

  • DRS Technologies Reports Record Fourth Quarter and Fiscal 2008

    PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) today reported record financial results for the fiscal 2008 fourth quarter and year, which ended March 31, 2008. Results for both periods included higher revenues, operating income, net earnings and earnings per share than the same periods a year earlier. For fiscal...

    Articles 2008-05-30

  • Intelsat General Awarded $6.5M X-band Satellite Services Contract from DRS - Potential Value to Reach $48M

    BETHESDA, Md., May 29 /PRNewswire/ -- Intelsat General Corporation, a wholly owned subsidiary of Intelsat, Ltd., has been awarded a contract by DRS Technologies Inc. to provide X-band satellite connectivity, fiber and teleport services in the Middle East using Intelsat infrastructure and the Skynet satellite fleet owned and operated...

    Articles 2008-05-29

  • DRS Technologies Inc. of N.J. and Smiths Detection of Edgewood get

    DRS Technologies Inc., of Parsippany, N.J., and Smiths Detection, of Edgewood, announced they have signed an agreement to jointly develop and produce the model 4A Chemical/Biological Protective Shelter, a contamination free, environmentally controlled working area that enables medical combat and combat service support personnel to work freely without continuously wearing...

    Articles 2008-05-23

  • Featured Stocks on Today's Edition of The Analyst's Review: HXL, TGI, DRS, TDY, AXYS

    NEW YORK, May 22 /PRNewswire/ -- The Analyst's Review is a daily video program hosted by WallSt.net editor, Henry Truc. The show is available at: http://tv.wallst.net/analyst-review/analyst-review.php. The Analyst's Review features informative interviews with Wall Street analysts on a wide range of topics including actively traded stocks, market...

    Articles 2008-05-22

  • DRS Technologies-Smiths Detection Team to Produce Chemical/Biological Protective Shelters

    PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) and Smiths Detection (LSE: SMIN) recently formalized a teaming agreement for the joint development and production of the model 4A Chemical/Biological Protective Shelter (CBPS-M4A). The agreement stems from a request by the customer, the Joint Program Executive Office for Chemical...

    Articles 2008-05-22

  • DRS Technologies Declares Quarterly Dividend

    PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) today announced that its board of directors has declared a quarterly cash dividend of $0.03 per share on the company's common stock. The dividend is payable on June 30, 2008 to stockholders of record as of the close of business...

    Articles 2008-05-14

  • Finmeccanica to Acquire DRS for US$5.2 billion

    Creates a New Leading Player in Defense Electronics with Balanced Global Presence ROME and PARSIPPANY, N.J., May 12 /PRNewswire/ -- Finmeccanica, S.p.A. (Milan: FNC), a world leader in the supply of electronics equipment and defense and security systems and services, and DRS Technologies, Inc. , a leading...

    Articles 2008-05-13

  • Fitch Places DRS Technologies' Ratings on Rating Watch Positive

    NEW YORK -- As disclosed in a press release earlier today, Fitch Ratings has placed the ratings for DRS Technologies, Inc. (NYSE:DRS) on Rating Watch Positive following the announcement that Finmeccanica SpA Finmeccanica has agreed to purchase DRS for approximately US$5.2 billion. For more details on Finmeccanica, please...

    Articles 2008-05-13

  • Finmeccanica and DRS Technologies to Provide Internet Broadcast of Conference Call

    ROME & PARSIPPANY, N.J. -- Finmeccanica SpA (Milan: FNC) and DRS Technologies, Inc. (NYSE: DRS) today announced that they will hold a joint conference call with analysts and the investment community on the signing of a definitive merger agreement for Finmeccanica to acquire DRS. The call will be broadcast live...

    Articles 2008-05-13

  • Investor Alert from Cauley Bowman Carney & Williams, PLLC: Update on Proposed Acquisition of DRS Technologies Inc. - DRS

    LITTLE ROCK, Ark., May 13 /PRNewswire/ -- Cauley Bowman Carney & Williams, PLLC announces an investigation into the proposed acquisition of DRS Technologies Inc. ("DRS"). On May 13, 2008, DRS announced that it has entered into a definitive merger agreement with Italian aerospace and defense company Finmeccanica SpA....

    Articles 2008-05-13

  • DRS Technologies Awarded $55 Million in Contracts to Manufacture Tactical Quiet Generators for US Army

    PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it received three contract awards worth approximately $55 million from the U.S. Army's Communications-Electronics Command CECOM at Fort Monmouth, New Jersey to manufacture more than 2,300 Tactical Quiet Generators TQG. The first delivery order is worth $37...

    Articles 2008-05-12

  • BellwetherReport.com Analyst Report on SIRF, CFX, BRL, and DRS

    BellwetherReport.com is the leading onlinefinancial newsletter for investors seeking top independent and unbiasedresearch. Investors seeking free and unbiased analyst opinions on thecompanies mentioned in this release are encouraged to sign up to www.bellwetherreport.com for a free subscription to access these reports.Today, we have once again scheduled interviews with a...

    Articles 2008-05-08

  • DRS Technologies Issues Statement

    PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) today said in a statement that it is engaged in discussions contemplating a potential strategic transaction involving the company. There is no assurance that any agreement will be reached, and the company will have no further comment at this time. ...

    Articles 2008-05-08

  • Incorporated: 1968
  • CEO: Mr. Mark S. Newman

DRS Technologies is a supplier of defense electronic products, systems and military support services. Co. provides products and services to branches of the U.S. military, aerospace and defense prime contractors, government intelligence agencies, international military forces and industrial markets. Co. focuses on several areas, such as command and control, intelligence, surveillance, reconnaissance, power management, battlefield digitization, advanced communications and networks, military vehicle diagnostics, troop sustainment and technical support.

Key Competitors

DRS Technologies Inc. Company Info

Board of Directors

Mr. Mark S. Newman

Chairman

General Dennis J. Reimer

General Charles G. Boyd

Mr. William F. Heitmann

Mr. C. Shelton James

Admiral Stuart F. Platt

Mr. Eric J. Rosen

Dr. Donald C. Fraser

Mr. Steven S. Honigman

Mr. Ira Albom

Mr. Mark N. Kaplan

Contact Information

5 Sylvan Way

Parsippany, NJ

http://www.drs.com

973 898-1500

NAICS Code

Search, Detection, Navigation, Guidance, Aeronautical, and Nautical System and Instrument Manufacturing: 334511