belfasttelegraph Wednesday, 22 October, 2014

DRS Technologies

DRS Technologies

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  1. DRS Technologies pays $14 million to settle allegations that it overcharged the Pentagon

    Arlington-based DRS Technologies Inc. will fork over $13.7 million to settle allegations it overbilled the government for work performed by employees who lacked required job qualifications. The claims, which ... FULL ARTICLE AT Washington Business Journal

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Wikipedia

DRS Technologies, Inc. (DRS) is a US-based defense contractor. Previously traded on the NYSE, the company was purchased by the Italian firm Finmeccanica in October 2008. DRS was founded in 1968 by Leonard Newman (whose son, Mark Newman, is the current CEO) and David Gross, two engineers working for Loral Corporation. The two were working on signal processing techniques for anti-submarine warfare.... Full Article At Wikipedia.org

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