|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||17.18|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
The U.S. Government Accountability Office has upheld a protest filed by a unit of Italy's Finmeccanica SpA against a contract awarded by the U.S. Army to Lockheed Martin Corp for system engineering, logistics and training support services. The GAO, a congressional agency, said on Wednesday the Army's evaluation was flawed because it did not account for Lockheed's reduced staffing levels, which were different from those assumed by the Army. It added that the Army had failed to account for Lockheed's transition plan which could not be compared with the full cost they would have to pay DRS Technical Services, a unit of Finmeccanica.
Hitachi Ltd. said conditions to buy Finmeccanica SpA’s rail business and a signals affiliate had been met, and the deal will close Nov. 2.
Finmeccanica SpA is going through an "important turnaround" as it considers options for the future of its DRS Technologies unit, according to Chief Executive Officer Mauro Moretti. He spoke in ...