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Business/Financial

DRS Confirms Interest In Sale

DDN

Friday, May 9th, 2008

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DRS Technologies [DRS] yesterday said it is in discussions regarding a "potential strategic transaction" for the company following a report in the Wall Street Journal that Italian aerospace and defense firm Finmeccanica was pursuing an acquisition of the United States-based defense contractor. DRS declined comment beyond adding that "There is no assurance that any agreement will be reached." The fact that a European defense firm may be looking to acquire a U.S. defense company isn't surprising given that the United…

Congress

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