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DRS Technologies Acquires Nytech
Oct 2002
PARSIPPANY, N.J., Oct. 17 -- DRS Technologies Inc. announced today that it has acquired Nytech Integrated Infrared Systems, of Irvine, Calif.

Financial terms were not disclosed.

Nytech makes thermal imaging systems for portable weapons, head gear, hand-held devices and vehicle-mounted sights. The business also designs stabilized, lightweight gimbals capable of controlling numerous sensors and suitable for mounting on a variety of land, sea and air platforms.

"The acquisition of Nytech enhances DRS's market position as a premier supplier of leading edge, lightweight, thermal imaging systems and supports our objectives to expand in the growing uncooled infrared technology market," said Mark S. Newman, chairman, president and CEO of DRS Technologies.

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