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) has successfully completed its first open-water demonstrations of its maritime Mission Equipment Package (MEP) for counter-UAS naval fleet protection. The system, designed to be mounted on small uncrewed surface vessels, leverages DRS's proven land-based defense technologies.
The MEP demonstration showcased integrated systems including the BlackLab passive RF detection system, STAG electro-optic/infrared gimbal, and a tactical data management system using AI-powered sensor fusion. The system successfully demonstrated detection, identification, and tracking of UAS threats and counter-surface ship tracking under realistic sea conditions.
Leonardo DRS (NASDAQ: DRS) reported strong Q2 2025 financial results, with revenue reaching $829 million, up 10% year-over-year. The defense technology provider achieved net earnings of $54 million, a 42% increase, and Adjusted EBITDA of $96 million, up 17%. Key performance metrics include diluted EPS of $0.20 (up 43%) and adjusted diluted EPS of $0.23 (up 28%).
The company secured bookings of $853 million with a book-to-bill ratio of 1.0x and increased its backlog to $8.6 billion, up 9% year-over-year. Growth was driven by electric power and propulsion, advanced infrared sensing, and ground network computing programs. DRS declared a $0.09 cash dividend per share payable on September 3, 2025, and revised its 2025 guidance upward.
Leonardo DRS (NASDAQ: DRS) announced it will host its second quarter 2025 earnings conference call on Wednesday, July 30, 2025 at 10:00 a.m. ET. The company will release its Q2 2025 earnings report before the conference call.
Investors and analysts can access the live audio broadcast and supplemental materials through the company's investor relations website. Registration for the call and webcast is available at investors.leonardodrs.com. A replay of the conference call will be accessible on the company's website for 90 days following the event.
- 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)
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.