Leonardo DRS Opens New Facility at Aberdeen Proving Ground

Rhea-AI Summary

Leonardo DRS (NASDAQ: DRS) has opened a new facility at Aberdeen Proving Ground (APG) in Maryland to enhance collaboration on current and future programs. The facility includes an engineering lab, specialized vehicle integration bays, and equipped conference rooms to increase connectivity with Leonardo DRS program personnel and technologies.

APG hosts several commands overseeing the development, testing, and delivery of soldier capabilities. Leonardo DRS works with these commands on critical programs including networked C4ISR systems, electro-optical/infrared targeting sensors, electronic warfare capabilities, and vehicle-based force protection systems.

The company has a history of successful partnerships at APG, including the delivery of over 100,000 Mounted Family of Computer Systems, Active Protection System for Abrams tanks, and advanced electro-optical/infrared, electronic warfare, and radar programs.

Positive

• Opening of new facility at Aberdeen Proving Ground to enhance collaboration
• Strengthened customer support capabilities and commitment to partnerships
• Long history of successful program partnerships with the Army at APG
• Delivery of over 100,000 Mounted Family of Computer Systems for Army's C4I networking
• Development of Active Protection System for Abrams tanks

Negative

• None.

Insights

Defense Technology Analyst

The opening of Leonardo DRS's new facility at Aberdeen Proving Ground (APG) is a strategic move to enhance collaboration and support for U.S. Army programs. This facility, equipped with an engineering lab and specialized vehicle integration bays, positions the company to better serve critical military technology needs.

The proximity to key Army commands at APG will likely accelerate development cycles and improve responsiveness to customer requirements. This is particularly significant given Leonardo DRS's involvement in high-priority areas such as networked C4ISR systems, electro-optical/infrared targeting, electronic warfare and vehicle-based force protection.

While this news doesn't directly impact immediate financials, it strengthens Leonardo DRS's competitive position for future contracts. The company's track record of delivering over 100,000 Mounted Family of Computer Systems and its work on the Active Protection System for Abrams tanks demonstrate its established presence in critical defense technologies.

For investors, this move signals Leonardo DRS's commitment to maintaining and potentially expanding its market share in defense electronics and systems integration. The enhanced collaboration capabilities could lead to increased contract wins and long-term revenue growth in the defense sector.

ARLINGTON, Va.--(BUSINESS WIRE)-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has opened a new facility designed to enhance collaboration on current and future programs based at the U.S. Army’s Aberdeen Proving Grounds (APG ) in Aberdeen, Maryland.

The new facility will introduce an engineering lab, specialized vehicle integration bays as well as fully equipped conference rooms to increase connectivity with Leonardo DRS program personnel and technologies.

APG is home to several commands that oversee the development, testing and delivery of capabilities used by soldiers across the battlespace. Leonardo DRS works with these commands on several critical programs including networked C4ISR systems, electro-optical/infrared targeting sensors, electronic warfare capabilities, and vehicle-based force protection systems.

“We are proud to open this facility to strengthen our customer support capabilities and highlight our commitment to current and future partnerships across the APG community,” said Leonardo DRS CEO, Bill Lynn. “We believe that program success is based on listening to and working closely with our customer. This facility will bring us closer to APG and provide an accessible and agile environment to support the development, testing and delivery of cutting-edge products for our soldiers.”

The company has a long history of proven program success at APG partnering with the Army on a range of critical programs including the development and delivery of more than one hundred thousand Mounted Family of Computer Systems - creating the backbone of the Army’s current ground combat C4I networking capability; the Active Protection System for Abrams tanks designed to protect against a range of anti-tank missile threats, and the many advanced electro-optical/infrared, electronic warfare, and radar programs that give U.S. soldiers a distinct advantage across the battlespace.

Across those programs, Leonardo DRS has worked closely with the Program Executive Office Command Control and Communications (PEO C3T); Program Executive Office, Intelligence, Electronic Warfare and Sensors (PEO IEW&S); Combat Capabilities Development Command C5ISR Center, and many others throughout the APG community.

Leonardo DRS is an agile and innovative provider of advanced defense technologies. Through its two segments in Advanced Sensing and Computing; and Integrated Mission Systems, the company has an extensive installed base of products supporting U.S. national security customers and allies across the multi-domain battlespace.

About Leonardo DRS

Headquartered in Arlington, VA, Leonardo DRS, Inc. is an innovative and agile provider of advanced defense technology to U.S. national security customers and allies around the world. We specialize in the design, development and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion, and other leading mission-critical technologies. Our innovative people are leading the way in developing disruptive technologies for autonomous, dynamic, interconnected, and multi-domain capabilities to defend against new and emerging threats. For more information and to learn more about our full range of capabilities, visit www.LeonardoDRS.com.

Forward-Looking Statements

This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241001885624/en/

Leonardo DRS Investor Relations Contacts

Steve Vather

Senior Vice President, Investor Relations and Corporate Finance

+1 703 409 2906

stephen.vather@drs.com

Leonardo DRS Media Contact

Michael Mount

Vice President, Communications and Public Affairs

+1 571 447 4624

mmount@drs.com

Source: Leonardo DRS, Inc.

FAQ

What new facility has Leonardo DRS (DRS) opened at Aberdeen Proving Ground?

Leonardo DRS has opened a new facility at Aberdeen Proving Ground (APG) in Maryland, featuring an engineering lab, specialized vehicle integration bays, and fully equipped conference rooms to enhance collaboration on current and future programs.

What types of programs does Leonardo DRS (DRS) work on at Aberdeen Proving Ground?

At Aberdeen Proving Ground, Leonardo DRS works on critical programs including networked C4ISR systems, electro-optical/infrared targeting sensors, electronic warfare capabilities, and vehicle-based force protection systems.

How many Mounted Family of Computer Systems has Leonardo DRS (DRS) delivered to the Army?

Leonardo DRS has delivered over 100,000 Mounted Family of Computer Systems, creating the backbone of the Army's current ground combat C4I networking capability.

What is the purpose of the Active Protection System developed by Leonardo DRS (DRS) for Abrams tanks?

The Active Protection System developed by Leonardo DRS for Abrams tanks is designed to protect against a range of anti-tank missile threats.