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Leonardo DRS, Inc. (DRS) delivers cutting-edge defense technologies through advanced sensing systems and integrated mission solutions. This news hub provides investors and industry professionals with essential updates on strategic developments shaping modern military capabilities.
Access authoritative coverage of contract awards, technology milestones, and strategic partnerships that define Leonardo DRS's position in defense innovation. Our curated news collection spans naval systems enhancements, ground combat solutions advancements, and cyber defense developments critical for informed analysis.
Key updates include detailed reports on advanced computing platforms, electro-optical systems, and networked command infrastructure deployments. Track the company's progress in delivering real-time situational awareness tools and secure communications systems to military and commercial clients.
Bookmark this page for streamlined access to verified updates about Leonardo DRS's dual focus areas: Advanced Sensing & Computing and Integrated Mission Systems. Stay informed about critical developments affecting defense sector investments without promotional bias.
Leonardo DRS, Inc. (Nasdaq: DRS) announced its first-quarter 2024 financial results, showing significant growth across various financial metrics. Revenue reached $688 million, up 21% year-over-year, with net earnings up 142% to $29 million. Adjusted EBITDA increased by 43% to $70 million, and diluted EPS rose by 120% to $0.11. The company reported a book-to-bill ratio of 1.2x, bookings worth $815 million, and a backlog of $7.8 billion, up 84% year-over-year. Leonardo DRS expressed confidence in its 2024 guidance, anticipating solid performance throughout the year.
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