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A Leonardo company
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 [1].
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.
Since April 2017,
DRS has been trading under the name Leonardo DRS.
➤ More about Leonardo
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DRS equipment on this website
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- Diagnostic/Retrieval Systems Inc
- DRS Technologies Inc
- DRS Technologies, A Finmeccanica Company
- DRS Technologies, a LEONARDO company
- LEONARDO DRS
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© Crypto Museum. Created: Thursday 12 April 2012. Last changed: Wednesday, 16 January 2019 - 13:56 CET.
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