Finmeccanica Plans Sell-off Of DRS Technologies Assets

摘要

Three years after acquiring U.S. defense electronics firm DRS Technologies, Italy's Finmeccanica group is planning a selective sell-off of DRS assets that could produce up to $800 million in revenue, managers said March 3. The sell-off of units operated by DRS, which saw $4 billion in revenue last year, would form part of a move away from "non-core" DRS activities as well as help cut debt at Finmeccanica, Chief Financial Officer Alessandro Pansa told financial analysts in a meeting in London.