Client: Finmeccanica SpA
Representation: US$5.2 billion acquisition of DRS Technologies, Inc.
Lead Professionals: Jeffrey H. Smith
Compensation and Benefits - Business Transactions and Bankruptcy Counseling
Government Contracts - Corporate Transactions
Tax, Trusts, and Estates - Corporate, Securities, Banking, and Finance
Corporate and Securities - Mergers, Acquisitions, and Divestitures
On October 22, 2008, Finmeccanica -- Societá per azioni, Italy's largest aerospace and defense company and a world leader in the aerospace, defense and security industry,successfully completed its acquisition of DRS Technologies, Inc., a leading supplier of integrated defense electronics products, services and support, in a transaction valued at $5.2 billion. The Arnold & Porter LLP team, led by partners Jeffrey Smith and Sarah Kahn, served as lead counsel for Finmeccanica, assisting in numerous aspects of the transaction, including corporate and securities, US and foreign regulatory approvals, government contracts, employee benefits and executive compensation, tax, intellectual property, export control, environmental and real estate.