Investment Summary

DRS Technologies Invests In Integrated Defense Technology

On November 4, 2003, DRS Technologies invested in defense company Integrated Defense Technology

Investment Highlights
  • This is DRS Technologies’ 1st transaction in the Defense sector.
  • This is DRS Technologies’ 2nd transaction in the United States.
  • This is DRS Technologies’ 1st transaction in Alabama.

Investment Summary

Date 2003-11-04
Target Integrated Defense Technology
Sector Defense
Investor(s) DRS Technologies
Deal Type Acquisition Financing

Target

Integrated Defense Technology

Huntsville, Alabama, United States
Integrated Defense Technologies is a developer and provider of electronic and technology products to the defense and intelligence industries. The company's products are installed on or used in support of an array of military platforms.

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Investor(S) 1

Investor

DRS Technologies

Arlington, Virginia, United States

Category Company
Founded 1968
Sector Aerospace
Employees10,200
DESCRIPTION

DRS Technologies is a supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide and is a recipient of the Defense Security Service Award for Excellence in Counterintelligence as well as three James S. Cogswell Awards for Outstanding Industrial Security Achievement.


DEAL STATS #
Overall 2 of 2
Sector (Defense) 1 of 1
Type (Acquisition Financing) 1 of 1
State (Alabama) 1 of 1
Country (United States) 2 of 2
Year (2003) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-05-28 Eaton Corp - Navy Controls Business

United States

Eaton Corp - Navy Controls Business which manufactures shipboard integrated electrical power distribution and control systems for the U.S. Navy, has 600 employees at facilities in Milwaukee, Wisconsin, and Danbury, Connecticut.

Buy $92M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-05 DRS Technologies - Aviation and Logistics Business

Oklahoma City, Oklahoma, United States

DRS Technologies - Aviation and Logistics Business is a provider of aerospace logistic services.

Sell -