PARSIPPANY, N.J., July 17 -- DRS Technologies Inc. said it has completed the acquisition of the assets and certain liabilities of the Navy Controls Div. of Eaton Corp. Renamed DRS Power & Control Technologies, the new company unit is expected to generate approximately $90 million in annual revenues and $0.20 in diluted earnings per share in its first 12 months of operation under DRS ownership. For the rest of fiscal 2003, ending March 31, 2003, the business is expected to contribute $60 million to DRS's sales and $0.12 to diluted earnings per share. The addition of this unit to DRS's...Read full articleRelated content from Photonics MediaArticlesEmbedded AI Localizes Data Processing for Greater Speed, SecurityThe Fraunhofer Institute for Photonic Microsystems (IPMS) aims to support more secure, faster data processing by integrating machine learning algorithms into digital devices. 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