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  • Thursday, April 25, 2024

Report: Former Deputy Defense Sec. Lynn to Lead DRS Technologies

Italian aerospace and defense group Finmeccanica is expected to appoint former Deputy Defense Secretary William Lynn as chairman and CEO of its DRS Technologies subsidiary, Defense News reports.

If appointed, Lynn would replace Mark Newman, DRS’ chairman and CEO since 1995. Lynn would play a wide role in overseeing Finmeccanica’s U.S.-based operations, according to Defense News.

Finmeccanica acquired DRS in 2008 for $5.2 billion.

Lynn served as deputy defense secretary from February 2009 to October 2011, where he helped develop the Pentagon’s strategies for space, cybersecurity and operational energy.

Lynn also served in the Clinton administration as the Pentagon’s director for program analysis and evaluation and then as Pentagon comptroller.

Prior to re-joining the Pentagon in 2009, Lynn spent nearly a decade in the private sector, including as Raytheon’s (NYSE: RTN) senior vice president of government operations.

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