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Defense Systems Firm Switches To The NYSE.(B)(NYSE STOCKS IN THE NEWS)
Byline: Julie Huynh and David Saito-Chung
DRS Technologies rocketed 10% on heavy volume Tuesday. It had been forming a seven-month base. On Tuesday, the Amex-listed stock began trading on the NYSE.
The firm makes electronic systems that keeps an eye on military movements. Its primary products include surveillance and radar systems, weapons and targeting systems, flight recorders and video recorders for defense and aerospace applications. The U.S. government accounts for roughly 80% of sales.
DRS has formed alliances with defense ...
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