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DRS Sells Two Business Units To IAP Worldwide Services

Friday, November 6th, 2015

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IAP Worldwide Services said on Nov. 5 that it has acquired two business units from DRS Technologies related to aircraft repair, and information technology (IT) and communications support, expanding its work with the Defense Department and federal agencies.Terms of the deal, which closed on Nov. 4, were not disclosed. IAP, which provides logistics, facilities management, and professional and technical services, said the deal more than doubles the size of its addressable market.An IAP spokeswoman told sister publication Defense Daily that…

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