October 6, 2005
Defense contractor DRS Technologies Inc. announces plans to acquire Engineered Support Systems Inc. for about $1.97 billion.
On September 22, defense contractor DRS Technologies Inc. announced plans to acquire Engineered Support Systems Inc. for about $1.97 billion. Willkie assisted Lehman Brothers Inc., financial adviser to ESS, in the transaction. The merged companies are expected to become a leading supplier for military forces, intelligence agencies and international military operations, generating revenues in excess of $2.5 billion. DRS expects the merger will further its leadership position in the market, strengthen technological and satellite capacity, and increase the company’s capabilities in the area of homeland security. Partner David Boston and associate David Kurzweil represented Lehman Brothers.
