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Leonardo DRS, Inc. - DRS STOCK NEWS

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.

Overview

Leonardo DRS, Inc. is a prime contractor and technology innovator dedicated to the design, development, and manufacture of advanced defense and security solutions. With a diversified portfolio covering land, sea, air, space, and cyber domains, the company excels in providing integrated products and services used by military forces, intelligence agencies, and commercial customers. Its commitment to advanced sensing, network computing, and integrated mission systems ensures real-time operational awareness and decision-making support for its clients.

Core Business Segments

Leonardo DRS operates primarily through two integrated segments. The first, Advanced Sensing and Computing, focuses on the development of sophisticated sensing technologies and network computing systems that deliver critical situational awareness and operational command capabilities. The second, the Integrated Mission Systems segment, encompasses a range of defense products including naval systems, ground combat mission command solutions, and global satellite communications that serve a broad spectrum of defense-oriented applications.

Technological Innovation and Capabilities

The company stands out for its technological prowess in developing systems that span multiple operational environments. Through a combination of force protection, advanced sensing, and electric power propulsion technologies, Leonardo DRS addresses the complex challenges faced by military and defense sectors. Its solutions incorporate cutting-edge integration of sensors, networked computing, and communications infrastructure, ensuring high-performance outcomes in dynamic operational scenarios.

Market Position and Business Model

Operating as a key supplier for both government and commercial sectors, Leonardo DRS is recognized for its capability to deliver secure, reliable, and innovative defense products. The company leverages long-standing relationships with military entities and defense contractors, establishing a stable revenue base through award-winning contracts and state-of-the-art technological solutions. Its model focuses on sustainable integration of diverse systems to ensure interoperability and enhanced mission effectiveness across all defense areas.

Integrated Solutions for Diverse Environments

The range of integrated systems provided by Leonardo DRS addresses varied operational needs, from intelligence and security solutions to advanced avionics and maritime systems. Real-time situational awareness is at the heart of its operations, ensuring that command and control centers have the necessary information to execute precise, measured responses under complex conditions. The company also extends its expertise in power systems and electro-optical/infrared technologies to a select pool of commercial customers, illustrating the adaptability of its innovations.

Industry Expertise and Operational Excellence

Leonardo DRS, Inc. demonstrates extensive industry expertise by continuously evolving its product offerings to meet emerging technical challenges in the defense and security sectors. Its comprehensive approach integrates advanced computing with sensor technology, forming a robust platform for enhanced mission performance. With a clear focus on operational excellence and technological advancement, the company maintains its competitive edge in a rapidly changing industry environment.

Competitive Landscape and Strategic Positioning

Within the competitive arena of defense contractors, Leonardo DRS distinguishes itself by consistently delivering technically advanced and reliable systems. Its dual-segment strategy enables the organization to address both the tactical and strategic requirements of modern defense operations. This balanced approach ensures flexibility in deployment and the capacity to adapt to various operational challenges, cementing its standing as a credible and technically proficient supplier in the defense ecosystem.

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Leonardo DRS, Inc. (NASDAQ: DRS) has delivered the 1,000th Solaris™ ruggedized laser system at the heart of Northrop Grumman’s Common Infrared Countermeasures (CIRCM) system. This technology is designed to protect aircraft from missile threats, and the company is proud to be a trusted partner with Northrop Grumman. The Solaris is the laser source for Northrop Grumman’s 5th generation IRCM technology, working to 'dazzle' the missile’s infrared guidance system and ensure the safety of aircraft. The company has an extensive installed base of laser technology across the U.S. military, focusing on advanced sensing capability for aircraft protection and sensors supporting the U.S. armed forces.
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Leonardo DRS, Inc. (Nasdaq: DRS) has announced a conference call to discuss its fourth quarter 2023 and full year 2023 results. The call is scheduled for February 27, 2024, at 10:00 a.m. (ET). The company will release its quarterly earnings press release before the call. The live audio broadcast and supplemental information will be available on the company’s investor relations website. Participants can register online to attend the conference call or webcast, with a replay available on the website for 90 days after the call.
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Leonardo DRS, Inc. (NASDAQ: DRS) has launched the Stretto family of high-precision lasers, covering the ultraviolet, visible, and near-infrared spectrum. The technology is designed for quantum information science, offering reliability, adaptability, and resistance to temperature and pressure fluctuations. The product is aimed at quantum sensors, clocks, and computing systems, positioning DRS for success in leading the future of sensing.
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Leonardo DRS, Inc. (NASDAQ: DRS) has been awarded contracts valued at over $3 billion to provide integrated electric propulsion system products for the U.S. Navy’s Columbia-class submarines. This contract solidifies DRS’s position through shipset 12 for the Columbia-class program. The company was chosen by General Dynamics Electric Boat and the U.S. Navy to design and manufacture key components of the primary propulsion system of the next-generation ballistic missile submarine fleet. The Columbia-class submarines are designed to replace the fleet of Ohio-class submarines and will be the largest ever built by the United States. Leonardo DRS is a leading provider of next-generation electrical power conversion and propulsion technology for the U.S. Navy.
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Leonardo DRS, Inc. (NASDAQ: DRS) successfully completes sea trials for the Ulsan-Class Future Frigate experimental Batch-3 (FFX-III) for the Republic of Korea Navy. The hybrid electric drive propulsion system features advanced permanent magnet propulsion motors, supporting the ship’s anti-submarine warfare (ASW) mission with less noise generation and superior fuel economy. The sea trial showcased exceptional performance, economy, safety features, and the ability to meet and exceed all performance requirements. The ROK Navy plans to begin deployment of the ship immediately.
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Leonardo DRS Inc. (NASDAQ: DRS) announced the pricing of an upsized public secondary offering of 18,000,000 shares of its common stock at an offering price of $17.75 per share by Leonardo US Holding, LLC. The offering is expected to close on November 21, 2023, subject to customary closing conditions. Upon completion of the offering, Leonardo S.p.A. will beneficially own approximately 73.3% of the outstanding common stock of DRS. The shares of common stock in the offering are being offered pursuant to an automatically effective shelf registration statement on Form S-3 filed with the SEC on November 15, 2023.
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Leonardo DRS Inc. (NASDAQ: DRS) has announced a public secondary offering of 16,500,000 shares of its common stock by Leonardo US Holding, LLC, a subsidiary of Leonardo S.p.A. The underwriters have a 30-day option to purchase up to an additional 2,475,000 shares. After the offering, Leonardo S.p.A. is expected to own approximately 73.9% of DRS's outstanding common stock. DRS is not offering any shares and will not receive any proceeds from the sale. Morgan Stanley, BofA Securities, and J.P. Morgan are acting as joint book-running managers for the offering.
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Leonardo DRS, Inc. has received an order for the continued production of its next-generation thermal weapon sights for the U.S. Army. The production order is worth over $134 million and was made under the Family of Weapon Sights – Individual (FWS-I) IDIQ contract. The FWS-I is a stand-alone, clip-on weapon sight that connects wirelessly to helmet-mounted vision systems, providing soldiers with rapid target acquisition capabilities day or night and in smoke or fog.
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Leonardo DRS, a leading defense technology provider, reported strong financial results for Q3 2023. Revenues increased by 11% to $703 million, while net earnings decreased by 83% to $47 million. Adjusted EBITDA rose by 41% to $82 million, and diluted EPS dropped by 87% to $0.18. The company also announced a $3 billion contract for the electric power and propulsion system on seven Columbia Class submarines. The 2023 guidance was updated to narrow the revenue and adjusted EBITDA ranges and raise the adjusted diluted EPS range.
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Leonardo DRS has been awarded a contract by the U.S. Army to produce a prototype of the next-generation Joint Effects Targeting System II (JETS II) multi-sensor targeting technology for Forward Observers. The 30-month performance prototype contract aims to improve precision accuracy and reduce weight, leading to higher target success rates and greater protection for warfighters on the ground.
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FAQ

What is the current stock price of Leonardo DRS (DRS)?

The current stock price of Leonardo DRS (DRS) is $30.15 as of April 4, 2025.

What is the market cap of Leonardo DRS (DRS)?

The market cap of Leonardo DRS (DRS) is approximately 8.3B.

What are the primary business segments of Leonardo DRS, Inc.?

Leonardo DRS, Inc. operates mainly in two segments: Advanced Sensing and Computing and Integrated Mission Systems, each addressing specific defense technology needs by offering integrated solutions.

How does Leonardo DRS enhance operational decision-making?

The company develops advanced sensing and network computing systems which provide real-time situational awareness, enabling effective command and control for military and security operations.

What types of products and systems does Leonardo DRS offer?

Leonardo DRS delivers a broad range of products that include sensing systems, network computing technologies, naval and maritime defense systems, ground combat mission command solutions, and advanced communications infrastructure.

Who are the primary customers of Leonardo DRS, Inc.?

The company serves military forces, intelligence agencies, and defense contractors, while also extending certain technological solutions to select commercial customers.

How does Leonardo DRS maintain its competitive position in the defense industry?

By consistently integrating advanced technologies and developing innovative solutions that meet stringent defense requirements, Leonardo DRS sustains its reputation as a reliable and technically advanced supplier.

What role does technology innovation play in Leonardo DRS's operations?

Technology innovation is central to the company’s operations, involving the development of advanced sensors, integrated computing systems, and secure communications platforms that enhance operational effectiveness.

How is Leonardo DRS, Inc. structured to address diverse defense needs?

The company is structured into two main segments, focusing on both the tactical requirements through advanced sensing and computing, and strategic capabilities via integrated mission systems, allowing for comprehensive defense solutions.
Leonardo DRS, Inc.

Nasdaq:DRS

DRS Rankings

DRS Stock Data

8.28B
74.56M
71.79%
26.89%
0.64%
Aerospace & Defense
Search, Detection, Navagation, Guidance, Aeronautical Sys
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United States
ARLINGTON