Finmeccanica - Buys Drs

: 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

: 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. finmeccanica buys drs

: Update on the Acquisition of DRS Technologies (Leonardo Official Presentation) — An official PDF breakdown of how the merger reduced Finmeccanica's risk profile and increased its exposure to fast-growing defense electronics. : To satisfy U

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 This allows it to function as a U

: 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 paid approximately $5.2 billion ($81 per share) in cash, which included the assumption of $1.2 billion in net debt.