DRS Technologies, Inc. (DRS) is a US-based defense contractor. Previously traded on the NYSE, the company was purchased by the Italian firm Finmeccanica in October 2008.
Diagnostic/Retrieval Systems, Inc (DRS) was founded in 1968 by Leonard Newman (whose son, Mark Newman, is the current CEO) and David Gross, two engineers working for Loral Corporation. The two were working on signal processing techniques for anti-submarine warfare. When Loral chose to pursue other technology, Newman and Gross founded DRS to continue their research, which ultimately led to development of the AN/SQR-17 passive submarine detection system, a product still used today.
DRS went public in 1981 and acquired its first company in 1984. By 1994, DRS set a goal to become a mid-tier defense contractor, defined by $500M in sales – notwithstanding that DRS at the time had only $58M in sales. Six years later, at the turn of the century, DRS reached the $391M sales level, and in 2004 surpassed the $1B sales mark.[1]
DRS was acquired by Finmeccanica (an italian conglomerate) in 2008.
Health care costs are rising. Many hospital administrators are seeking new and innovative ways to reduce expenses without compromising the care and well being of their patients. Customized Health Care Surveys can help determine satisfaction and increase value allowing you to focus on your strengths to improve patient loyalty and employee retention.
Whatever the telemarketing program, DRS Acquisitions will work with you to develop survey content to enable you to obtain the necessary information. Once the survey results have been obtained, we will provide you with an easy to understand report presenting you with the findings in the format of your choice. We can conduct telephone as well as email surveys to business customers, employees or potential customers and ensure that the questions do not lead or bias the results.
Collection of Information You Affirmatively Provide
This Site collects information from you and from other visitors through responses to our specific requests and through voluntary communication with us via e-mail, web input screens and forms, and/or blogs. With the exception of any personal information submitted for human resources purposes by prospective employees or for investment purposes submitted by stockholders, analysts or potential investors, you should refrain from providing any personal information and you should limit the information you do provide to business contact information, such as your name, company affiliation, title, business mailing address, business telephone number and business e-mail address.
Automatic Collection of Information
As you navigate this Site, certain limited information can and may be collected automatically from you without your active involvement, using methods known as cookies and navigational data collection. Some of the information (e.g., type of web browser) does not identify who you are. Other information, such as your Internet Protocol (“IP”) address, may identify you indirectly, when supplemented with other commercially available sources of information.
When you visit this Site, we send to your computer one or more cookies, which are small text files containing a string of characters. These cookies uniquely identify your computer to the Site. We may use cookies to improve the quality of our service by storing user preferences and tracking user trends. Most web browsers are set up to accept cookies, but you can reset your browser to refuse all cookies or to indicate when a cookie is being sent. However, some features of this Site may not function properly if your cookies are disabled.
Furthermore, our computer servers automatically record information that your browser sends whenever you visit a web site. These server logs may include information, such as the portions of the Site accessed, the IP address assigned to your computer, the type of browser used by your computer, the date and time of your access to the Site, and one or more cookies that may uniquely identify your computer.
Collection, Disclosure, Use and Retention of Information Other Than Employee Data
Except as otherwise stated at the point of collection, we may use your information for improving the content of the Site, customizing this Site to your preferences, communicating information to you and subsequently updating such information, marketing and research purposes, and as further specified in this Privacy Policy. We may combine such information with other passively or actively collected information unless we specify otherwise at the point of collection. We may transfer your information, including personally identifiable information, to third parties, but only (i) to contractors we use to support our business (e.g., fulfillment services, technical support, delivery services and financial institutions), in which case we will require such third parties to agree to treat it in accordance with this Privacy Policy or as you may otherwise have previously consented; (ii) in connection with the sale, assignment or other transfer of the business function of the Company to which the information relates, in which case we will require any such buyer, assignee or transferee to agree to treat it in accordance with this Privacy Policy; or (iii) where required by applicable laws, court orders or government regulations. We will retain your information as long as necessary to carry out and satisfy the purposes set forth in this Privacy Policy. In addition, we will make full use of all information acquired through this Site or otherwise that is not identifiable to you.
Collection, Disclosure, Use and Retention of Employee Data
This Site collects personal information from prospective employees for human resources purposes. The Company also collects personal information for human resources purposes from current, prospective and past employees through internal sources that are unrelated to this Site. All such information, regardless of the source, is collectively referred to in this Privacy Policy as “Employee Data.” Employee Data is collected, disclosed and used to:
Design, evaluate, implement and provide human resources programs and services to fulfill the employment agreement and otherwise administer employment arrangements, which include but are not limited to staffing, compensation and payroll, benefits, employee education, employee diversity and organizational development.
Support employee performance and development assessment programs.
Fulfill legal, contractual and compliance-related commitments, such as subpoenas, garnishments, ethics investigations, disciplinary investigations, security investigations and compliance with lawful requests for information from government agencies.
Supply our external service providers and partners with information so that they can administer programs on our behalf, such as health and welfare, savings plans, pension plans, stock plans, performance incentives, stock awards, life insurance, employment verification, unions and bank direct deposits.
Supply internal service providers, such as our legal, medical, security, corporate electronic directory and information systems management, among others, with information so they can manage their processes and programs.
The Company will not use Employee Data for any other purposes and will not disclose it to any person except for these stated purposes, unless required or permitted by applicable laws. The Company adheres to a self-regulatory program that complies with the Safe Harbor privacy principles set forth in the July 2000 agreement between the European Union (“EU”) and the U.S. Department of Commerce. For more information about the Safe Harbor Program,
Medical Coverage
to protect against routine and extraordinary medical expenses by offering three Preferred Provider Organization (PPO) options all with prescription drug coverage and a range of deductibles, co-payments and out-of-pocket maximums. HMO options are available at certain locations.
Dental Coverage
to provide in or out-of-network provider options for dental care ranging from preventative to full-scale restorative and orthodontic procedures.
Vision Coverage
to provide a voluntary freestanding PPO option with in- and out-of-network benefits for eye exams, frames, lenses and contact lenses.
The Health Care Flexible Spending Account
to allow annual savings of up to $15,000 on a pre-tax basis for unreimbursed or uncovered health care expenses with the optional added convenience of a debit card for automatic payment at purchase.
Wellness Programs
to encourage access to employee assistance, nurse-line, health assessments, health coach and financial/legal resources. On-site medical clinics serve two of DRS’ largest locations in Melbourne, FL.
International Benefits
to employees assigned overseas for short and long term assignments. Benefits include international medical, dental, vision, disability, evacuation, repatriation and travel assistance in alliance and in conjunction with the International SOS and the Defense Base Act.
Life Insurance and Disability*
DRS provides protection at no cost for…
Employee Life and AD&D Insurance
of two times base annual salary.
Short Term Disability
of 70% of base weekly earnings for up to 26 weeks for disabilities due to illness or accident.
Long Term Disability
of 60% of base monthly earnings for disabilities exceeding 26 weeks in duration.
Business Travel Accident
in the event of dismemberment or death while traveling on company business.
Supplemental Life Insurance and Disability*
DRS provides voluntary options for…
Supplemental Employee Life and AD&D Insurance
of up to eight times base annual salary.
Supplemental Employee Long Term Disability
of 70% (10% more than the Company-paid LTD plan) of base monthly earnings.
Spouse and Child Life Insurance
of up to $100,000 and $25,000, respectively.
Diagnostic/Retrieval Systems, Inc (DRS) was founded in 1968 by Leonard Newman (whose son, Mark Newman, is the current CEO) and David Gross, two engineers working for Loral Corporation. The two were working on signal processing techniques for anti-submarine warfare. When Loral chose to pursue other technology, Newman and Gross founded DRS to continue their research, which ultimately led to development of the AN/SQR-17 passive submarine detection system, a product still used today.
DRS went public in 1981 and acquired its first company in 1984. By 1994, DRS set a goal to become a mid-tier defense contractor, defined by $500M in sales – notwithstanding that DRS at the time had only $58M in sales. Six years later, at the turn of the century, DRS reached the $391M sales level, and in 2004 surpassed the $1B sales mark.[1]
DRS was acquired by Finmeccanica (an italian conglomerate) in 2008.
Health care costs are rising. Many hospital administrators are seeking new and innovative ways to reduce expenses without compromising the care and well being of their patients. Customized Health Care Surveys can help determine satisfaction and increase value allowing you to focus on your strengths to improve patient loyalty and employee retention.
Whatever the telemarketing program, DRS Acquisitions will work with you to develop survey content to enable you to obtain the necessary information. Once the survey results have been obtained, we will provide you with an easy to understand report presenting you with the findings in the format of your choice. We can conduct telephone as well as email surveys to business customers, employees or potential customers and ensure that the questions do not lead or bias the results.
Collection of Information You Affirmatively Provide
This Site collects information from you and from other visitors through responses to our specific requests and through voluntary communication with us via e-mail, web input screens and forms, and/or blogs. With the exception of any personal information submitted for human resources purposes by prospective employees or for investment purposes submitted by stockholders, analysts or potential investors, you should refrain from providing any personal information and you should limit the information you do provide to business contact information, such as your name, company affiliation, title, business mailing address, business telephone number and business e-mail address.
Automatic Collection of Information
As you navigate this Site, certain limited information can and may be collected automatically from you without your active involvement, using methods known as cookies and navigational data collection. Some of the information (e.g., type of web browser) does not identify who you are. Other information, such as your Internet Protocol (“IP”) address, may identify you indirectly, when supplemented with other commercially available sources of information.
When you visit this Site, we send to your computer one or more cookies, which are small text files containing a string of characters. These cookies uniquely identify your computer to the Site. We may use cookies to improve the quality of our service by storing user preferences and tracking user trends. Most web browsers are set up to accept cookies, but you can reset your browser to refuse all cookies or to indicate when a cookie is being sent. However, some features of this Site may not function properly if your cookies are disabled.
Furthermore, our computer servers automatically record information that your browser sends whenever you visit a web site. These server logs may include information, such as the portions of the Site accessed, the IP address assigned to your computer, the type of browser used by your computer, the date and time of your access to the Site, and one or more cookies that may uniquely identify your computer.
Collection, Disclosure, Use and Retention of Information Other Than Employee Data
Except as otherwise stated at the point of collection, we may use your information for improving the content of the Site, customizing this Site to your preferences, communicating information to you and subsequently updating such information, marketing and research purposes, and as further specified in this Privacy Policy. We may combine such information with other passively or actively collected information unless we specify otherwise at the point of collection. We may transfer your information, including personally identifiable information, to third parties, but only (i) to contractors we use to support our business (e.g., fulfillment services, technical support, delivery services and financial institutions), in which case we will require such third parties to agree to treat it in accordance with this Privacy Policy or as you may otherwise have previously consented; (ii) in connection with the sale, assignment or other transfer of the business function of the Company to which the information relates, in which case we will require any such buyer, assignee or transferee to agree to treat it in accordance with this Privacy Policy; or (iii) where required by applicable laws, court orders or government regulations. We will retain your information as long as necessary to carry out and satisfy the purposes set forth in this Privacy Policy. In addition, we will make full use of all information acquired through this Site or otherwise that is not identifiable to you.
Collection, Disclosure, Use and Retention of Employee Data
This Site collects personal information from prospective employees for human resources purposes. The Company also collects personal information for human resources purposes from current, prospective and past employees through internal sources that are unrelated to this Site. All such information, regardless of the source, is collectively referred to in this Privacy Policy as “Employee Data.” Employee Data is collected, disclosed and used to:
Design, evaluate, implement and provide human resources programs and services to fulfill the employment agreement and otherwise administer employment arrangements, which include but are not limited to staffing, compensation and payroll, benefits, employee education, employee diversity and organizational development.
Support employee performance and development assessment programs.
Fulfill legal, contractual and compliance-related commitments, such as subpoenas, garnishments, ethics investigations, disciplinary investigations, security investigations and compliance with lawful requests for information from government agencies.
Supply our external service providers and partners with information so that they can administer programs on our behalf, such as health and welfare, savings plans, pension plans, stock plans, performance incentives, stock awards, life insurance, employment verification, unions and bank direct deposits.
Supply internal service providers, such as our legal, medical, security, corporate electronic directory and information systems management, among others, with information so they can manage their processes and programs.
The Company will not use Employee Data for any other purposes and will not disclose it to any person except for these stated purposes, unless required or permitted by applicable laws. The Company adheres to a self-regulatory program that complies with the Safe Harbor privacy principles set forth in the July 2000 agreement between the European Union (“EU”) and the U.S. Department of Commerce. For more information about the Safe Harbor Program,
Medical Coverage
to protect against routine and extraordinary medical expenses by offering three Preferred Provider Organization (PPO) options all with prescription drug coverage and a range of deductibles, co-payments and out-of-pocket maximums. HMO options are available at certain locations.
Dental Coverage
to provide in or out-of-network provider options for dental care ranging from preventative to full-scale restorative and orthodontic procedures.
Vision Coverage
to provide a voluntary freestanding PPO option with in- and out-of-network benefits for eye exams, frames, lenses and contact lenses.
The Health Care Flexible Spending Account
to allow annual savings of up to $15,000 on a pre-tax basis for unreimbursed or uncovered health care expenses with the optional added convenience of a debit card for automatic payment at purchase.
Wellness Programs
to encourage access to employee assistance, nurse-line, health assessments, health coach and financial/legal resources. On-site medical clinics serve two of DRS’ largest locations in Melbourne, FL.
International Benefits
to employees assigned overseas for short and long term assignments. Benefits include international medical, dental, vision, disability, evacuation, repatriation and travel assistance in alliance and in conjunction with the International SOS and the Defense Base Act.
Life Insurance and Disability*
DRS provides protection at no cost for…
Employee Life and AD&D Insurance
of two times base annual salary.
Short Term Disability
of 70% of base weekly earnings for up to 26 weeks for disabilities due to illness or accident.
Long Term Disability
of 60% of base monthly earnings for disabilities exceeding 26 weeks in duration.
Business Travel Accident
in the event of dismemberment or death while traveling on company business.
Supplemental Life Insurance and Disability*
DRS provides voluntary options for…
Supplemental Employee Life and AD&D Insurance
of up to eight times base annual salary.
Supplemental Employee Long Term Disability
of 70% (10% more than the Company-paid LTD plan) of base monthly earnings.
Spouse and Child Life Insurance
of up to $100,000 and $25,000, respectively.
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