The acquisition of by the Italian aerospace and defense group Finmeccanica (now known as Leonardo ) was a major strategic move completed in October 2008. Key Acquisition Details
: Finmeccanica to buy DRS for $5.2 billion (Reuters) — Offers contemporary context on the competitive landscape and analyst warnings regarding the U.S. defense budget peak. Finmeccanica acquires US-based group DRS Technologies finmeccanica buys drs
: Finmeccanica Purchase Of DRS Technologies Looks Smart (Lexington Institute) — An analysis of how the deal allowed DRS to market U.S. products overseas through Finmeccanica’s global network. The acquisition of by the Italian aerospace and
: The deal was designed to give the Rome-based conglomerate a "key local presence" in the United States, the world's largest defense market, and consolidate its position in integrated defense electronics. : To satisfy U
: To satisfy U.S. national security concerns, DRS operates as a wholly-owned subsidiary under a Special Security Agreement (SSA) with the U.S. Department of Defense. This allows it to function as a U.S. entity with a separate board to mitigate foreign ownership control and influence (FOCI). Recommended Articles and Resources