William Lynn Confirmed to be New DRS CEO

William Lynn

Italian aerospace and defense group Finmeccanica has confirmed that former Deputy Defense Secretary William Lynn has joined its DRS Technologies subsidiary as chairman and CEO.

The company announced Lynn will succeed current Chairman and CEO Mark Newman, who is retiring. Prior to joining DRS, Lynn served as deputy defense secretary from 2009 to 2011.

He also served as the Pentagon’s chief financial officer from 1997 to 2001. From 2002 to 2009, Lynn was senior vice president of government operations and strategy at Raytheon (NYSE: RTN).

Finmeccanica Chairman and CEO Giuseppe Orsi said Lynn’s responsibilities will include adapting DRS’ activities to a changing U.S. and international defense market.

Check Also

KBR

KBR Wins Potential $93M Navy Combat Integration System Support IDIQ

KBR’s (NYSE: KBR) government services business has won a potential five-year, $92.6M contract to engineer and produce datalink systems and associated platforms for the U.S. Navy’s combat operations.

DLA

DLA Awards Logistics Modernization Integration Support IDIQs to Advantaged Solutions, United Defense International

Advantaged Solutions and United Defense International have each received a potential five-year, $265M contract from the Defense Logistics Agency for logistics modernization integration support.