DRS Technologies Inc (DRS) is a US-based manufacturer of rugged equipment
for the Department of Defence (DoD). The company started life in 1968
as Diagnostic/Retrieval Systems Inc when it was founded by Leonard Newman
and David Gross, two engineers working for Loral Corporation .
The company went public in 1981 and has since expanded its turnover
through a series of aquisitions and mergers,
from a mere $58 million in 1994 to more than $1 billion in 2004.
In 2008, DRS itself was acquired by
Finmeccania (now: Leonardo) in Italy.
Until 2012, Marc Newman (the son of founder Leonard Newman) was CEO of the
company, which continues to operate under its orginal name to this day, with
the subtitle A Finmeccanica Company from 2008 onwards.
After a global restructuring of the parent company in 2016, the name of
the latter was changed to Leonardo and the subtitle was changed
accordingly to a LEONARDO company.