DRS Technologies CEO Outlines Acquisition Strategy

By John Liang / May 14, 2002 at 5:00 AM
NEW YORK -- DRS Technologies' chairman, president and CEO Mark Newman yesterday said his company was well positioned for growth through acquisitions. "We really know how to buy companies and integrate them into our business," Newman told attendees of an aerospace and defense finance conference here. In order for his company to achieve double-digit growth, "we knew we'd have to do acquisitions," he added. During the previous quarter, DRS bolstered its finances by raising $113.6 million through the sale of...

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