• Hoovers Logo
    Insightful information about industries, companies, and the people who lead them.

    Learn More.
  • DRS TECHNOLOGIES INC Profile

    Methods used to track military activity are complex, but DRS Technologies makes the tasks manageable with electronic systems that process, display, and store complex military and aerospace data. Its offerings include surveillance and radar systems, ruggedized computers, weapons targeting systems, flight recorders, communications systems, thermal imaging systems, air combat training systems, and video recorders for defense and aerospace applications. DRS, which has acquired and integrated Integrated Defense Technologies -- and has acquired Engineered Support Systems -- relies on US government agencies (primarily the DoD) for 90% of sales. Italy's Finmeccanica has agreed to buy DRS for a reported $4 billion.
    Mark S. Newman
    CEO
    5 Sylvan Way

    Parsippany, NJ 07054

    http://www.drs.com

    Phone: 973-898-1500

    Fax: 973-898-4730
    Sector: Industrial Goods Industry: Aerospace/Defence
  • 2008 Sales 2008 Sales Growth 2008 Net Income 2007 Employees
    $3,295,400,000 16.8% $165,800,000 9,700
  • Key Executives: DRS

    Name Title Officer Since
    Mark S. Newman CEO 1/1/88
    Robert F. Mehmel COO -
    Richard A. Schneider CFO -
    Nina Laserson Dunn General Counsel -
    Michael L. Bowman, USN (Ret.) Divisional Executive VP -
    General Charles G. Boyd, USAF (Ret.) Director 1/1/06
    C. Shelton James Director 2/1/99
    General Dennis J. Reimer, USA (Ret.) Director 1/1/00
  • Top Competitors: DRS

  • Insider Trends: DRS

    Sentiment for DRS is POSITIVE

    • 0M
    • 2M
    • 4M
    • 6M
    • Market Value of Insider Sales
    • Market Value of Insider Purchases
    Total dollar value of all insider purchases and sales over 12 months
  • Insider Transactions: DRS

    Date Name Shares Transaction Type Market Value
    07/18/08 ROSEN ERIC J 5,000 Exercise of Stock Options $52,500.00
    07/16/08 KAPLAN MARK N 2,500 Exercise of Stock Options $26,250.00
    06/19/08 ALBOM IRA 2,500 Exercise of Stock Options $26,250.00
  • Ownership Breakdown : DRS

    Large Block Holder Type Number  
    Institutions 281.00
     
    Mutual Fund 484.00
    Other Major 12.00
  • Short Interest Volume: DRS

    Data as of 6/25/08
    Current Short Interest Shares 301.99 M
    Current Short Interest Ratio 0.00
    Float 41.11 M
    Short Interest as % of Float 0.00
    Average Daily Volume 708,000.00
    Outstanding Shares 41.43 M