Leonardo DRS, Inc. Stock Price, News & Analysis

Leonardo DRS has secured a $41 million contract from Naval Sea Systems Command to provide combat management system hardware for U.S. Navy surface combatants, allied naval forces, and U.S. Coast Guard. The company will deliver advanced hardware including multi-screen consoles, displays, and peripheral equipment for AEGIS Combat System and Ship Self-Defense System. The systems will be deployed across various ships, serving as the primary operator interface for sailors to process and display battlespace information. The contract extends to allied navies including Australia, South Korea, and Japan. Work will be performed at Leonardo DRS's Johnstown, PA facility, showcasing the company's expertise in complex design and manufacturing across naval, ground, air, space, and cyber missions.

Leonardo DRS (DRS) reported strong Q1 2025 financial results with revenue of $799 million, up 16% year-over-year, and net earnings of $50 million, up 72%. The company achieved notable metrics including:

• Adjusted EBITDA: $82M (+17% YoY)
• Diluted EPS: $0.19 (+73% YoY)
• Bookings: $1B with 1.2x book-to-bill ratio
• Record backlog: $8.6B (+10% YoY)

Growth was driven by ground and naval network computing, tactical radars, and electric power programs. The company paid $24M in dividends ($0.09/share) and repurchased 88,050 shares for $3M. DRS confirmed its 2025 guidance with revenue projected at $3.425B-$3.525B and adjusted EPS of $1.02-$1.08.

Leonardo DRS (Nasdaq: DRS) has announced its upcoming first quarter 2025 earnings conference call, scheduled for Thursday, May 1, 2025, at 10:00 a.m. ET. The company will release its Q1 2025 earnings report before the call.

The conference call will include a live audio broadcast with supplemental information, accessible through the company's investor relations website. Interested participants can register for the call or webcast at https://investors.leonardodrs.com. A replay of the conference call will be available on the website approximately two hours after its conclusion and will remain accessible for 90 days.

Leonardo DRS (NASDAQ: DRS) has secured a $16.9 million prototype project award from the U.S. Army to modernize the Paladin Electric Servo Amplifier (PESA) weapon control system for the M109A7 Paladin self-propelled howitzer. The project focuses on developing a next-generation prototype with updated electrical technology to enhance the producibility and maintainability of line replaceable units.

The PESA system is described as critical technology for the M109A7's operation. The modernization aims to maintain current operational capabilities while improving system efficiency. The project will be executed through Leonardo DRS's Land Electronics business unit, leveraging the company's expertise in electrical, electromechanical, and electronic systems development for military applications.

Leonardo DRS (NASDAQ: DRS) has unveiled its new high-performance Artificial Intelligence Processor (AIP), designed to enhance military operations through real-time threat detection and situational awareness. The ruggedized system integrates with AI algorithms for U.S. Army combat applications, processing battlefield data from advanced image sensors and fusion systems.

The AIP system is platform agnostic, compact, and engineered for extreme environments, building on Leonardo DRS's experience in combat processing systems. This development represents a strategic focus for the company in military network computing and processing integration, particularly in C5I technologies for multi-domain battlefield operations.

The company is actively investing in next-generation Mounted Mission Command Systems, AI processing solutions, and advanced C5ISR/EW Modular Open Suite of Standards aligned systems, aimed at improving sensor fusion and reducing cognitive burden for military personnel.

Leonardo DRS (NASDAQ: DRS) has achieved a significant milestone with the delivery of its 100,000th Mounted Family of Computer Systems (MFoCS) to the U.S. Army. This achievement spans over two decades of providing advanced situational awareness and tactical computing capabilities for ground combat vehicles and command post operations.

The MFoCS is a modular computing hardware system that serves as the foundation for integrated mission command hardware, software, and networking capabilities. The combat-proven system enhances battlefield situational understanding and interoperability across joint forces, particularly in command and control, maneuverability, and logistics.

The announcement was made during a ceremony at Leonardo DRS's Melbourne, Florida facility, where MFoCS systems are developed, assembled, and tested. The company continues to advance C5I technologies for the U.S. military and allied forces, focusing on next-generation Mounted Mission Command Systems, AI processing solutions, and advanced C5ISR/EW Modular Open Suite of Standards.

Leonardo DRS (NASDAQ: DRS) has successfully delivered its first next-generation Integrated Voice Communication Systems (IVCS) for the U.S. Navy's Arleigh Burke DDG51-class destroyers. The IVCS represents state-of-the-art shipboard communications technology, providing mission-critical ship-wide communications capabilities.

The computer-controlled telephone system integrates with ship's announcing systems, shore telephone lines, radio communications, and battle sound-powered telephone circuits. This advanced system builds upon Leonardo DRS's previous communication solutions, including Shipboard Integrated Communications Systems and Secure Voice Switching systems, which are currently deployed across destroyers and frigates in multiple allied navies including the US, Canadian, Australian, New Zealand, Japanese, and South Korean fleets.

Leonardo DRS (NASDAQ: DRS) has received the prestigious SPIE Prism Award for its innovative Stretto® semiconductor laser technology in Quantum Technologies for 2025. The groundbreaking system is the first ruggedized advanced laser solution offering high-precision performance and operational reliability in challenging environments.

The Stretto® system supports scientific advancements in quantum computing, sensing, and communications. This achievement leverages the company's extensive experience in developing advanced laser systems for military, commercial, and scientific applications.

The award, presented by SPIE, an international society for optics and photonics, was determined by a panel of judges from government agencies, commercial enterprises, academia, and the photonics industry.

Leonardo DRS (NASDAQ: DRS) has secured a $45 million U.S. Navy Submarine Industrial Base investment commitment through contracts with HII's Newport News Shipbuilding. The investment will enhance DRS's new 140,000 square-foot naval propulsion manufacturing facility in Goose Creek, SC, enabling a 40,000 square-foot expansion and infrastructure improvements.

The facility, set to open in 2026, will strengthen steam turbine system capabilities and support the Columbia Class submarine program. DRS is currently manufacturing critical components including the main propulsion motor, drives, and controller for the Columbia Class and international allied navies. The investment builds on previous Navy-funded engineering contracts from Newport News Shipbuilding and General Dynamics Electric Boat, reinforcing DRS's naval propulsion capabilities and the U.S. submarine industrial base.