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Finmeccanica, maxi order in the USA. But the title loses on the stock market

The subsidiary Drs Technologies has been awarded a contract by the US military with a maximum value of 514 million euros – The action loses today in Piazza Affari.

The new order arriving from the USA is not enough to make Finmeccanica regain share, which in Piazza Affari, after a brief rise (+0,38%), loses ground again with a drop of approximately 0,67% (-1,26 % the Ftse Mib). The subsidiary Drs Technologies has in fact been awarded a contract by the US Army for a maximum value of 514 million dollars for the supply of Small Tactical Optical Rifle Mounted Micro-Laser Range Finder (Storm-mLRF).
The contract, of the Idiq (Indefinite-delivery, Indefinite-quantity) type, has a duration of five years and provides for the supply of a minimum of 150 to a maximum of 32.000 micro laser rangefinders. Meanwhile, taking advantage of the sales that hit the stock last week on the wave of the profit warning and the rejection by analysts, on 29 July the managing director Giuseppe Orsi bought 15 shares of the company, at a price of 5,372 euros per share with a total cost of 80.580 euros. This was learned from yesterday's internal dealing communications.

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