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August 21, 2008 7:46:24 PM CDT


Stories related to: Military-Industrial Complex

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2 Stories

  • May 2008
    • Italian Firm to Buy DRS Technologies

      Italian Firm to Buy DRS Technologies

      (Newser) - Italy's biggest defense contractor has agreed to buy DRS Technologies Inc. for $5.3 billion and grab a share of America's defense market, the Wall Street Journal reports. Finmeccanica will purchase the defense-electronics firm for $81 per share, a 32% premium on share price, pending approval by Washington. The deal is expected to close by year's end. More »

      Tags

      mergers and acquisitions   electronics   military equipment   Military-Industrial Complex

  • March 2008
    • Boeing to Appeal $40B Contract

      Boeing to Appeal $40B Contract

      (Newser) - Boeing vowed today to appeal a controversial $40 billion contract to build refueling tankers for the Air Force, the Wall Street Journal reports. "Our team has taken a very close look at the tanker decision and found serious flaws in the process," Boeing CEO Jim McNerney said. The Air Force awarded the contract to Northrop Grumman and Airbus, which ruffled US feathers by planning to build its tankers in France. More »

      Tags

      Boeing   Airbus   Air Force   contractors   Government Accountability Office   EADS   Military-Industrial Complex

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