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Home > Company Index > Aerospace & Defense > Aerospace/Defense - Products > DRS Technologies, Inc.

DRS Technologies, Inc.
AMEX: DRS
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 PROFILE
Over hill or over dale, DRS Technologies makes electronic systems that keep an eye on military movements by processing, displaying, and storing complex information. The company's primary products include surveillance and radar systems, as well as electronics equipment such as weapons targeting systems, flight recorders, communications systems, and video recorders for defense and aerospace applications. Not surprisingly, US government agencies (primarily the Department of Defense) account for 80% of sales. DRS Technologies has agreed to sell its magnetic tape head units located in Wisconsin and Bulgaria but intends to retain its California-based unit.

 COMPETITION
Ampex Corporation (AXC)
General Dynamics Corporation (GD)
Lockheed Martin Corporation (LMT)

 DEALS
Deal: DRS Technologies Buys General Atronics
Date Announced: 06.15.00
Value of transaction (US $Mil): 11
Description: Data storage component maker buys hardware company.

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 427.60
1-Yr. Sales Growth: 9.2%
Employees: 2,200
Revenue per employee: $194,363.64

 KEY PEOPLE
• Mark S. Newman
    CEO
• Richard A. Schneider
    CFO

 CONTACT INFO
5 Sylvan Way
Parsippany, NJ 07054
US
Phone: 973-898-1500
Fax: 973-898-4730
Online: Web Site

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