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, Inc. (DRS) is a prime contractor and a leading innovator in technology, dedicated to providing integrated products, services, and support to military forces, intelligence agencies, and defense contractors across the globe. Headquartered in Arlington, Virginia, Leonardo DRS is a wholly owned subsidiary of Leonardo S.p.A., which employs over 47,000 people worldwide.
The company specializes in various sectors including naval and maritime systems, ground combat mission command and network computing, global satellite communications and network infrastructure, avionics systems, and intelligence and security solutions. Leonardo DRS also constructs power systems and electro-optical/infrared systems for a wide array of commercial customers, showcasing its versatility.
In the field of defense, Leonardo DRS stands out as a provider of advanced technologies across land, air, sea, space, and cyber domains. Their core capabilities are divided into two main segments: Advanced Sensing and Computing and Integrated Mission Systems. The Advanced Sensing and Computing segment, which accounts for the majority of their revenue, focuses on designing, developing, and manufacturing sensing and network computing technology. This technology is crucial for enabling real-time situational awareness, which is essential for enhanced operational decision-making and execution by their customers.
Leonardo DRS has recently achieved significant milestones, including advancements in force protection and electric power and propulsion technologies. Their ongoing projects and partnerships further solidify their position as a key player in the defense industry.
To explore the full range of their capabilities, visit their official website at www.leonardodrs.com or follow them on Twitter at @drstechnologies.
Leonardo DRS, Inc. (NASDAQ:DRS) announced the launch of its Multiband Uncooled SmallSat Imaging Radiometer (MUSIR) technology, designed to measure Earth's surface temperature from space. This technology allows for advanced thermal infrared measurements and faster revisit times through satellite constellations. Collaborating with NASA, the company achieved design-to-launch readiness in just 16 months. MUSIR utilizes an uncooled focal plane array, eliminating the need for cryogenic coolers, which results in a lighter and more efficient instrument suitable for small satellites. This initiative positions DRS as a key player in the growing space technology market, emphasizing its commitment to providing innovative and cost-effective solutions for Earth observation.
Leonardo DRS, Inc. (Nasdaq: DRS) will hold a conference call on May 3, 2023, at 5:00 p.m. ET to discuss its first-quarter 2023 results. A press release detailing quarterly earnings will be issued before the call. Investors can access the audio broadcast and supporting documents on the company's investor relations website. A replay of the call will be available two hours after its conclusion and will remain accessible for 90 days.
Based in Arlington, VA, Leonardo DRS provides advanced defense technology to U.S. national security clients and global allies, specializing in various high-tech solutions for military applications. The company emphasizes its commitment to developing innovative technologies aimed at tackling emerging defense challenges.
Leonardo DRS, Inc. (NASDAQ: DRS) announced contracts exceeding $1 billion to supply integrated electric propulsion components for the U.S. Navy’s Columbia-class submarine. This program is crucial as it will replace the aging Ohio-class submarines. CEO Bill Lynn emphasized the commitment to national security through innovative systems. Manufacturing will occur at facilities in Massachusetts, Wisconsin, Connecticut, and Missouri. DRS is recognized for its advanced electrical power technology, supporting modern naval platforms. The Columbia-class program is a top priority for the Navy.
Leonardo DRS, Inc. (NASDAQ: DRS) has unveiled its new 6KVA Uninterruptible Power Supply (UPS), part of its Pivotal Power Solutions line. This advanced power conversion technology is tailored for mission-critical systems on U.S. Navy ships, providing reliable and conditioned backup power. The UPS is lighter, meets MIL-DTL-24765 standards, and supports longer battery life with reduced maintenance costs. Compatible with existing systems, it enhances equipment density while ensuring robust electrical performance.
Leonardo DRS emphasizes its commitment to support naval forces in the U.S., Canada, and allied nations through innovative power solutions.
FAQ
What is the current stock price of Leonardo DRS (DRS)?
What is the market cap of Leonardo DRS (DRS)?
What does Leonardo DRS, Inc. specialize in?
Where is Leonardo DRS, Inc. headquartered?
Who owns Leonardo DRS, Inc.?
What are the main segments of Leonardo DRS, Inc.?
What is the Advanced Sensing and Computing segment responsible for?
How many employees does Leonardo S.p.A. have worldwide?
What kind of technologies does Leonardo DRS, Inc. provide?
Where can I find more information about Leonardo DRS, Inc.?
What recent achievements has Leonardo DRS, Inc. made?
What kind of customers does Leonardo DRS, Inc. serve?
