Friday, May 9, 2008

Finmeccanica closes in to buy DRS

Finmeccanica closes in to buy DRS

By Sylvia Pfeifer

Published: May 8 2008 19:43 | Last updated: May 8 2008 19:43

Finmeccanica, the Italian defence and aerospace group, is poised to secure a major foothold in the US market with the acquisition of a key supplier to the American military.

The group is in advanced talks to buy DRS Technologies, which makes engineering and electronics products for the military and intelligence agencies in the US.

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