About 170 staff have been laid off from the DRS Reconnaissance, Surveillance and Target Acquisition facility in Melbourne, leaving about 650 employees at the one hundred N. Babcock Street factory, the organization confirmed this morning. DRS expanded its conventional naval enterprise when it acquired the Navy Controls Division of Eaton Corporation for $92.2 million in Might 2002. Also in May, DRS shares migrated from the American Stock Exchange to the New York Stock Exchange. Principal Subsidiaries: DRS Communications Firm LLC DRS Data & Imaging Systems, Inc. DRS Information & Imaging Systems Ltd.
In January 2003, DRS purchased a Massachusetts-primarily based power and manage enterprise, the Electromagnetics Development Center (EDC) of Kaman Corporation. In order to greater manage its quickly-developing order book, including this most recent addition with the DRS contract, Varitron recently doubled the size of its Saint-Hubert head office. News – The Town of Carleton Place’s economy will take a big hit when DRS Technologies moves its operations to a new Kanata place next year.
There are about 130 employees between the two websites, with Carleton Location producing up much less than half of that number. Carleton Place’s financial improvement co-ordinator Jasmin Ralph, said she had been in talks with DRS representatives considering that spring 2013 to try and uncover a solution to make them keep in town. In the end, Ralph mentioned the major factors she received from DRS about the closure, was due to the aging constructing and the residential region in which it’s situated. Rob Probert who was on vacation, said industrial lands have been presented to DRS for a new facility and other buildings had been investigated.
Carleton Location chief administrative officer Paul Knowles said that over the past decades, industry regulations have changed which is another issue in DRS pulling up stakes. Corcoran mentioned she could not disclose how a lot of jobs will be eliminated at the defense electronics enterprise, which has a extended history in the region. The Cheektowaga operations will relocated among numerous other DRS sites in the United States more than the subsequent numerous months, Corcoran said.
LeBlanc admitted this is the very first time the town has had to deal with some thing of this scale…This type of thing has been hanging more than the head of industries positioned right here…I’m quite sorry that this is happening, especially to the men and women in this community and for the neighborhood itself, but (people) are not losing their jobs. This hard choice was made right after considerably believed and consideration provided the extended-standing partnership that DRS has had in the nearby neighborhood,” said Lorraine M. Corcoran, a DRS spokeswoman.… Read the rest