Author: Jane Edwards|| Date Published: November 20, 2020
Italy-based Leonardo said it intends to maintain control of U.S. defense subsidiary DRS even if the latter goes public, Reuters reported Thursday.
The defense group previously announced that it was considering several options for Leonardo DRS to create shareholder value, including the possibility of an initial public offering on the New York Stock Exchange.
“This vision and a possible IPO are not contradictory, as there are different ways to enhance the value of assets, while at the same time maintaining their control and benefiting from the advantages of having a significant footprint in the country,” Leonardo told the news wire service in a statement.
Amentum Mitie Pacific has secured an indefinite-delivery/indefinite-quantity contract with a potential value of $656.4 million to provide base operating support…
CACI International has secured a potential five-year, $416 million SeaPort-Next Generation task order to sustain and modernize information technology systems…
Cherry Bekaert has acquired accounting and advisory firm Tarsus to expand outsourced accounting, real-time financial reporting and strategic chief financial…
General Dynamics Information Technology has received a U.S. Navy contract worth $988 million to modernize and integrate command, control, communications,…
