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DRS Technologies Buys Raytheon Divestitures

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Robert C. Pini

DRS Technologies Inc. recently announced an agreement to purchase portions of Raytheon's ground electro-optical systems and focal plane array businesses, which formerly were parts of Hughes Aircraft and Texas Instruments, respectively. DRS expects the $45 million acquisition to bring significant value to the company; first because of a $180 million backlog in orders that the Raytheon businesses bring with them, and second because it will help DRS to broaden the scope of its capabilities and to take a better position in the market. Base for military jobs "We'd like to get our foot in the...Read full article

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    Published: October 1998
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