Finmeccanica and DRS Technologies in talks over purchase

Finmeccanica and DRS Technologies in talks over purchase
Finmeccanica and DRS Technologies in talks over purchase

Finmeccanica S.p.A., an Italian conglomerate company, is currently in talks to purchase the U.S. defense contractor DRS Technologies.

A supplier of defense electronic products and systems was offered a 3.5-billion-euros ($5.41 billion) bid from Finmeccanica.

Both companies had a meeting on Saturday to discuss the bid, but no definite result or conclusive decision was disclosed.