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Business/Financial

DRS Closes Acquisition of Soneticom

DDN

Thursday, September 17th, 2009

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Finmeccanica's subsidiary DRS Technologies yesterday said it has completed its acquisition of Florida-based Soneticom, Inc., which provides geolocaton systems, wireless communications and digital signal processing systems and capabilities. Terms of the deal, which was first announced in May, were not disclosed. "Being part of DRS will give Soneticom the ability to access new markets while offering our exsiting government amd commercial customers additional products, services and solutions necessary to ensure successful communication through all stages of their mission," Tim Reynolds,…

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