Welcome to our dedicated page for Leonardo DRS news (Ticker: DRS), a resource for investors and traders seeking the latest updates and insights on Leonardo DRS stock.
Leonardo DRS develops and manufactures advanced defense technologies for U.S. national security customers and allied forces across land, air, sea, space and cyber domains. News from DRS commonly covers quarterly results, funded bookings, backlog, program execution and demand across tactical radars, infrared and RF sensing, network computing, force protection, and electric power and propulsion.
Company updates also include product and capability launches such as rugged shipboard power systems, maritime counter-UAS packages, and open-architecture embedded computing for tactical platforms, along with defense contract vehicles, research-and-development activity, board changes and other governance developments.
Leonardo DRS (NASDAQ: DRS) named Sally Wallace Executive Vice President and Chief Operating Officer, effective immediately. Wallace will continue to report directly to CEO John Baylouny.
Wallace has been with Leonardo DRS since 2002, served as Executive Vice President, Business Operations since 2016, and previously led the C4ISR group. The announcement highlights her more than twenty-five years of defense industry and operational leadership and lists advanced degrees in business and engineering.
Leonardo DRS (NASDAQ: DRS) announced that John Baylouny officially became President and Chief Executive Officer effective January 1, 2026. Baylouny brings more than 35 years of experience across leadership, engineering, operations, and P&L roles and previously served as COO overseeing both operating segments.
The Board had named him President and CEO on October 27, 2025 when prior CEO Bill Lynn retired after 14 years. Baylouny said his priorities include accelerating next‑generation R&D, expanding into high‑opportunity markets, and strengthening defense and international customer relationships.
Leonardo DRS (NASDAQ: DRS) completed the first on-orbit test of its multi-channel software-defined radio with integrated advanced cryptography, the XCM3-Space, launched aboard a Proteus Mercury satellite in late November 2025.
The test met all primary objectives in Low Earth Orbit and validates a next-generation capability for secure, reprogrammable satellite data transport at the tactical edge. The company said its internal R&D completed development in less than twelve months. A second system is scheduled for launch in 2026 to demonstrate additional edge-processing and waveform features.
Leonardo DRS (NASDAQ: DRS) signed a Memorandum of Intent on December 8, 2025, with the Kingdom of Saudi Arabia Ministry of Defense to explore collaboration on ground combat vehicles and dismounted forces aligned with Vision 2030.
The MOI highlights potential work in battle management systems, C6ISR, rugged vehicle computing, multi-function displays, vehicle communications, mobile situational awareness, and in-country vehicle integration and engineering support.
Leonardo DRS (NASDAQ: DRS) announced on November 13, 2025 that it signed a contract with Chaiseri Defense Systems to provide its Battle Management System (BMS) and integration support to modernize the Royal Thai Army’s Stryker situational awareness capabilities.
The agreement assigns Leonardo DRS responsibility for the advanced BMS software, tactical computing integration, project management, engineering, and support services, while Chaiseri will handle local installation, commissioning, operator training, and through-life sustainment. This follows a teaming arrangement from November 2024 and emphasizes expanded local industrial participation and longer-term cooperation on C5/C5ISR capabilities.
Leonardo DRS (Nasdaq: DRS) and Hofmann Engineering signed a Memorandum of Understanding on November 4, 2025 to explore a strategic partnership targeting advanced allied naval propulsion.
The collaboration would examine joint research, system integration, co-development, production, and export of electric, hybrid-electric and steam turbine propulsion systems to support U.S. Navy ship and submarine production, strengthen supply‑chain resilience, and expand Australia’s industrial capacity within the AUKUS framework.
Leonardo DRS (Nasdaq: DRS) announced a board and CEO transition effective January 1, 2026. William J. (Bill) Lynn will retire as Chairman and CEO after 14 years. The Board has named John Baylouny as President & CEO and a board member, and elected Frances Fragos Townsend as Board Chair. Baylouny has 35+ years at the company and has served as COO since late 2018; Townsend has served on the board since 2009 and was lead independent director.
The announcement emphasizes continuity, succession planning, and leadership experienced in operations, technology and government relations.
Leonardo DRS (Nasdaq: DRS) reported third-quarter 2025 results for the period ended September 30, 2025, with revenue of $960 million (up 18% year‑over‑year) and net earnings of $72 million (up 26% YoY). The company posted Adjusted EBITDA of $117 million (up 17% YoY) and Adjusted Diluted EPS of $0.29 (up 21% YoY). Bookings were $1.307 billion, producing a book-to-bill of 1.4x, and backlog rose to $8.909 billion (up 8% YoY).
Cash flow from operations was $107 million and free cash flow was $77 million. The board declared a $0.09 per share cash dividend payable December 2, 2025. DRS updated 2025 guidance to revenue of $3,550M–$3,600M and adjusted diluted EPS of $1.07–$1.12, and noted a tax‑rate outlook of 18%.
Leonardo DRS (NASDAQ: DRS) announced an award from the U.S. Army to develop prototype Vehicle Integrated Power Kits (VIPKs) that export on-demand electrical power from tactical vehicles.
The kits will be built around the company's On-Board Vehicle Power (OBVP) / TITAN solution, which can generate up to 120 kW from a vehicle drivetrain to power communications, electronic warfare, counter‑UAS systems, mobile command and control, radar, directed energy weapons, and expeditionary microgrids while moving or stationary.
The program focuses on prototype development to scale battlefield power infrastructure and underscores Leonardo DRS's experience in rugged integrated power and propulsion systems for U.S. military customers.
Leonardo DRS (NYSE:DRS) and KNDS signed a strategic teaming agreement to offer the combat-proven CAESAR® Self-Propelled Howitzer to the U.S. Army, announced October 13, 2025.
The team will have Leonardo DRS as prime contractor for platform integration and KNDS supplying the mobile artillery system and ammunition, positioning CAESAR® as a longer-range, highly mobile, rapid-firing solution that the companies say addresses U.S. Army needs for range, mobility, precision, and rapid worldwide deployment.
KNDS noted CAESAR®’s 52-caliber ordnance has an extensive combat firing record and that roughly 120 systems are deployed in Ukraine, which they say informs system maturity and integration onto a U.S. tactical truck.