The Deal: DRS Technologies Inc. has signed a definitive agreement to acquire Integrated Defense Technologies Inc. in a cash-and-stock transaction. DRS will pay $12.25 in cash and 0.1875 shares of DRS in exchange for each share of Integrated Defense. Based on recent closing prices, the deal values Integrated Defense at...
PARSIPPANY, N.J.--BUSINESS WIRE--January 20, 1999--DRS Technologies, Inc. (ASE: DRS) announced today that the company has selected February 11, 1999 as the new date for a special meeting of its stockholders, which initially had been scheduled for January 21, 1999. The meeting will be held primarily to vote on a proposal...
PARSIPPANY, N.J.--BUSINESS WIRE--May 12, 1997--DRS Technologies, Inc. (ASE:DRS) announced today that it has been awarded, through its DRS Photronics Inc. subsidiary in Hauppauge, N.Y., a contract valued at approximately $4.3 million from the U.S. Army's Aviation and Troop Command ATCOM to provide Multiple Platform Boresight Equipment MPBE for use with...
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) and Engineered Support Systems, Inc. (NASDAQ: EASI) jointly announced today that they have signed a definitive agreement for DRS to acquire all of the outstanding stock of Engineered Support Systems, Inc. ESSI for $43.00 per share through a combination of cash and...
BUELLTON, Calif. -- Thin Film Technologies, Inc., TFT a subsidiary of Williams Advanced Materials Inc. WAM, announced today that it has been awarded $5.7 million in new contracts to provide VisilidTM hermetic window assemblies for use on DRS Infrared Technologies' night vision products. DRS Infrared Technologies is a division of...
DRS Technologies Inc. a defense electronics company based in Parsippany, N.J., received contracts valued at approximately $8.2 million for a range of rugged computers, workstations, flat panel displays and servers for a variety of U.S. Army and Marine Corps ground force digital battlefield applications. DRS' units in Gaithersburg and Florida...
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) today confirmed that during the last month it received an unsolicited proposal from L-3 Communications Holdings, Inc. (NYSE: LLL) to acquire DRS for $42.00 per share in cash. The proposal was subject to due diligence and the negotiation of a merger agreement....
DRS Optronics, a division of Parsippany, N.J.-based DRS Technologies, has won a $16.8-million contract from Raytheon ... DRS Optronics, a division of Parsippany, N.J.-based DRS Technologies, has won a $16.8-million contract from Raytheon Co. to provide long-range optical systems for the Army. The production work ...
ST. LOUIS -- Notice to Shareholders of DRS Technologies, Inc.: Johnson Bottini LLP is investigating claims against Michael F. Shanahan, Sr., the former CEO of Engineered Support Systems, Inc., which was acquired by DRS Technologies in 2006. Johnson Bottini LLP believes that DRS Technologies has claims against Mr. Shanahan, who...
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE:DRS) announced today that it has received $153 million in new contracts to support the infrared sighting systems on the U.S. Army's OH-58D Kiowa Warrior helicopters.
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received $33 million in new orders to support the Mast Mounted Sights MMS on the U.S. Army's OH-58D Kiowa Warrior helicopters.
NEW YORK -- L-3 Communications (NYSE: LLL) today confirmed that it had submitted a proposal to acquire DRS Technologies, Inc. (NYSE: DRS) for $42.00 per share in cash. The proposal was based on publicly available information and was subject to due diligence and the negotiation of a merger agreement.
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received a $22 million order to build more than 300 M989A1 Heavy Expanded Mobility Ammunition Trailers HEMATs. DRS-manufactured HEMATs are being used extensively by Multiple Launch Rocket System MLRS battalions deployed to Southwest Asia for Operation Iraqi...
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received an $18.8 million order to provide rugged Applique Computer Systems and peripheral equipment for the U.S. Army's Force XXI Battle Command, Brigade and Below (FBCB2) program.
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received a $52 million contract to provide rugged Applique Computer Systems and peripheral equipment for the U.S. Army's Force XXI Battle Command, Brigade and Below (FBCB2) program. The order was received by DRS from the U.S. Army's...
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received an order valued at approximately $19 million to provide rugged Applique Computer Systems and peripheral equipment for the U.S. Army's Force XXI Battle Command, Brigade and Below (FBCB2) program.
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today that it has received new orders valued at approximately $37 million to manufacture Tactical Quiet Generators TQG from the U.S. Army's Communications-Electronics Command CECOM at Fort Monmouth, New Jersey. For these orders DRS will manufacture TQGs in 3-, 5-, 10-...
PALM BAY -- Parsippany, N.J.-based DRS Technologies won a $49-million Army contract to provide systems for the ... PALM BAY -- Parsippany, N.J.-based DRS Technologies won a $49-million Army contract to provide systems for the Bradley Fighting Vehicle. Work will begin in October at the DRS...
PARSIPPANY, N.J. -- DRS Technologies, Inc. (NYSE: DRS) announced today it was awarded two contracts by the Missiles and Fire Control segment of Lockheed Martin Corporation (NYSE: LMT) to produce key components for the Apache helicopter Arrowhead[R] system. The two awards, for $31.4 and $28.5 million, push the total DRS...
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