Tag Archives: divestment

Report: Finmeccanica Plans Sale of $224M in DRS Assets

Finmeccanica is looking to divest approximately $224 million worth of assets in DRS Technologies this year, Defense News reported Tuesday. Tom Kington writes Finmeccanica announced the divestment plan as the Italian conglomerate unveiled a revised earnings guidance and an industrial strategic plan. Last summer, Mauro Moretti, Finmeccanica CEO, said he …

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PAE to Buy CSC Applied Tech Division for $175M Cash; Mike Dignam Comments

PAE has agreed to acquire Computer Sciences Corp.‘s (NYSE: CSC) base operations, aviation and range services division for $175 million in cash as CSC enters its sixth divestiture agreement within the past seven months. The sale of the applied technology division is expected to close during summer 2013 and 5, 400 …

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