NAME: DRS Technologies
LOCATION: Parsippany, N.J.
2007 VARBUSINESS 500 RANK: 107
CEO: Mark Newman
STOCK PRICE JAN. 2, 2008: $53.28
STOCK PRICE MARCH 31, 2008: $58.85
PCT. CHANGE: 10.5%
SPECIALTY: Provides engineering and technology services to the U.S. military.
FINANCIALS: Following a better-than-expected 21 percent rise in quarterly profit in its most recent earnings statement, DRS raised its forecast for fiscal 2008 earnings, for the second consecutive quarter. It now expects to earn $3.24 per share to $3.31 per share on revenue of $3.175 billion to $3.225 billion. Net profit for the company's third quarter was $42.6 million, compared with $35.1 million in the year-ago period.