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Tag Archives: DRS

Report: Former Unicredit CEO Alessandro Profumo to Succeed Mauro Moretti as Leonardo CEO

Alessandro Profumo, former CEO of Italian bank Unicredit, has been tapped by the Italian government to succeed Mauro Moretti as CEO of Leonardo, Defense News reported Saturday. A spokesman for Italy’s finance ministry told Defense News that Profumo will work to support the state-controlled defense contractor’s business development efforts in the …

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Leonardo to Buy Daylight Solutions Through $150M Equity Deal; Mauro Moretti Comments

Leonardo has agreed to buy 100 percent equity stake in quantum cascade laser platforms maker Daylight Solutions for approximately $150 million through its U.S. subsidiary DRS in a push to grow dual-use integrated technology offerings for civil and military clients. Mauro Moretti, CEO and general manager of Leonardo, said in a statement …

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Leonardo’s DRS Subsidiary to Lead New Air Force Trainer Contract Pursuit Team

Italy-based defense and aerospace conglomerate Leonardo has designated its U.S. subsidiary DRS as prime contractor for an industry team that will bid on the U.S. Air Force‘s T-X fighter pilot trainer contract. DRS said Wednesday it will collaborate with CAE USA and International Turbine Engine Company to build a ground-based training system and propulsion engines for the team’s T-100 Integrated …

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Weekly Roundup August 22 – August 26 2016: JPMorgan Analyst Bullish on Defense & more

August 22 – August 26 2016 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson An investment analyst at the U.S.’ biggest and world’s fifth largest bank endorsed the defense sector this week in a note to investors with a forecast that views continued “green” movement in …

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Weekly Roundup Nov 2 – Nov 6 2015: The Numbers Behind Record-Breaking M&A Year, CSC’s US Govt Spinoff Moves Forward & More

Weekly Roundup Nov 2 – Nov 6 2015 Click here to see Real-Time GovCon Sector Quotes A Note From Our President & Founder Jim Garrettson While government agencies continue to operate at the established levels and tightly control the dollars they have on hand, the stock market is jumping in anticipation …

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DRS to Build Common Display Systems for US Navy

DRS Laurel Technologies (NYSE: DRS) has won a potential $96.3 million contract to produce common display systems for the U.S. Navy. Work will occur in Johnstown, Pennsylvania, through April 2016 under the indefinite-delivery/indefinite-quantity contract, the Defense Department said Friday. The technology is intended for installation in Navy surface ships and …

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DRS’s Jim Scott Elected to 2015 Wash100 for Leadership in MRO and Telecom

Executive Mosaic, Tysons Corner, VA March 3, 2015 – Jim Scott, president of the aviation, communication and homeland security business at DRS Technologies, has been included in this year’s list of Wash100 most influential leaders in GovCon for his leadership role in the telecommunications and maintenance, repair and overhaul services sector. The …

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Army Taps Six Vendors for $250M Automated Test Systems Support IDIQ

The U.S. Army has awarded positions on a six-year, $249.9 million contract to six companies for engineering support services to the branch’s armament research, development and engineering center. Awardees will compete for task orders to perform work under the multiple award, indefinite-delivery/indefinite-quantity, firm-fixed-price contract,  the Defense Department said Tuesday. The Army Contracting …

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Report: Finmeccanica CEO Mauro Moretti Could Mull DRS Sale

Italian defense and aerospace conglomerate Finmeccanica could be considering a sale of its DRS Technologies as part of an organization-wide restructuring initiative, Defense News reported Monday. Mauro Moretti, Finmeccanica CEO, told reporters at the Farnborough International Airshow Monday that his company would analyze potential synergies of core activities between DRS and the rest of …

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DRS Wins Potential $455M Army Vehicle C4ISR Equipment Contract

A DRS Technologies subsidiary has secured a potential $455 million deal to help the U.S. Army install new equipment on vehicles, Military and Aerospace Electronics reported Wednesday. John Keller writes the contract calls for DRS Tactical Systems to produce mounted components for C4ISR equipment (command, control, communications, computers, intelligence, surveillance, and reconnaissance). The Army …

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