Leonardo DRS Recognized as a Subcontract Supplier of the Year by BAE Systems

Rhea-AI Summary

Leonardo DRS (NASDAQ: DRS) has received two prestigious awards from BAE Systems for exceptional supplier performance in 2024. The company earned the Subcontract Supplier of the Year award for delivering superior products supporting military operations, along with a Gold Medallion for achieving 100% ratings in both delivery and quality metrics.

Bill Guyan, senior vice president of Leonardo DRS Land Electronics, emphasized the company's commitment to providing innovative, quality products with integrity for armed forces personnel. Marc Casseres from BAE Systems highlighted the importance of supply chain partnerships in meeting accelerated delivery demands amid global conflicts.

These recognitions were awarded through BAE Systems' 'Partner2Win' program, which fosters supplier relationships and promotes operational excellence, quality, and procurement best practices.

ARLINGTON, Va.--(BUSINESS WIRE)-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been recognized with two awards from BAE Systems for outstanding supplier performance and a commitment to operational excellence in 2024. Leonardo DRS was recognized with BAE Systems’ Subcontract Supplier of the Year award for creating and delivering best-in-class products that support the warfighter. The company was also recognized as a top-level Gold Medallion for achieving a rating of 100% on both delivery and quality of its products.

These awards highlight the contributions by Leonardo DRS to BAE Systems’ partner’s supply chain success, ensuring quality products and on-time deliveries to U.S. military customers.

“Our agility has built our reputation as a trusted partner because we share the same goal with our customers; delivering innovative, quality products with the utmost integrity for the men and women of our armed forces,” said Bill Guyan, senior vice president and general manager of the Leonardo DRS Land Electronics business unit. “We are proud of these two awards from our partner BAE Systems and look forward to growing our strong partnership by delivering on what we promise, supplying high-quality products on time to ensure our warfighters are equipped for mission success.”

“The current conflicts across the globe have mandated faster deliveries and drives for efficiencies for soldiers, sailors, marines, and airmen,” said Marc Casseres, vice president of Operations for BAE Systems’ Combat Mission Systems business. “As we continue to ramp, partnering with a supply chain who shares our commitment and passion for the warfighter is table stakes.”

BAE Systems’ ‘Partner2Win’ program recognizes suppliers for their achievements in operations, quality and procurement. As part of the program, BAE Systems maintains a close relationship with suppliers and creates an environment to share best practices, learnings and innovative solutions to problems. All suppliers awarded this year were recognized for going above and beyond the call of duty to create the highest quality products for our warfighters.

Learn more about BAE Systems Partner2Win Supplier Symposium here.

About BAE Systems:

BAE Systems, Inc. is the U.S. subsidiary of BAE Systems plc, a global defense, aerospace, and security company. We employ nearly 41,000 people across the U.S. and deliver a full range of products and services for air, land, sea and space, as well as advanced electronics, intelligence, security, and IT solutions and support services. Our dedication shows in everything we design, produce, and deliver as we strive to protect our servicemen and women during combat. We push the limits of possibility to provide a critical advantage to our customers where it counts.

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241217412904/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 awards did Leonardo DRS (NASDAQ: DRS) receive from BAE Systems in 2024?

Leonardo DRS received two awards: the Subcontract Supplier of the Year award and a Gold Medallion recognition for achieving 100% ratings in both delivery and quality metrics.

What performance metrics earned DRS the Gold Medallion award from BAE Systems?

Leonardo DRS earned the Gold Medallion by achieving perfect 100% ratings in both product delivery and quality performance metrics.

How does BAE Systems' Partner2Win program benefit suppliers like Leonardo DRS?

The Partner2Win program facilitates close relationships with suppliers, enables sharing of best practices, and recognizes achievements in operations, quality, and procurement.

What impact do these BAE Systems awards have on Leonardo DRS's market position?

These awards strengthen Leonardo DRS's position as a trusted defense supplier, recognizing their excellence in product quality and delivery reliability for military customers.

How is Leonardo DRS addressing current global conflict demands according to the BAE Systems recognition?

Leonardo DRS is meeting increased demands through agile operations, faster deliveries, and maintaining high-quality standards to support military personnel across all service branches.