Leonardo DRS Inc

Leonardo DRS, Inc. engages in the provision of defense products and technologies. It develops and manufactures defense products for the U.S. military, intelligence agencies and allies around the world. Its broad technology portfolio focuses on advanced sensing, network computing, force protection, and electrical power and propulsion, as well as a range of key defense priorities. The company operates through two segments: Advanced Sensors & Computing, and Integrated Mission Systems. The Advanced Sensors & Computing segment has been aligned to push towards a more autonomous future. It consists of six business units, which include Airborne & Intelligence Systems, Daylight Solutions, DRS RADA Technologies, Electro-Optical & Infrared Systems, Land Electronics, and Naval Electronics. The Integrated Mission Systems segment consists of both a ground vehicle integrator and naval power and propulsion system provider. Leonardo DRS was founded by Leonard Newman and David E. Gross in 1969 and is headquartered in Arlington, VA.

Earnings data Q4 2022

Earnings data Q1 2023

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Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Leonardo DRS Inc (DRS) reports robust Q4 performance and outlines growth strategies for 2023

Leonardo DRS Inc (DRS) showcases resilience and growth potential amidst operational achievements and financial strength.
Strategic initiatives, solid financial results, and a clear guidance for 2023 position DRS for sustained success in the defense industry.
Despite challenges and uncertainties, DRS's focus on innovation, customer diversification, and operational excellence bode well for its future growth.

Leonardo DRS Inc (DRS) beats Q1 expectations, eyes future growth

Leonardo DRS Inc (DRS) delivered strong Q1 results, surpassing expectations and demonstrating resilience in a challenging environment. While facing financial declines, the company remains optimistic about future growth prospects, emphasizing confidence in meeting full-year guidance and strategic positioning for success.

Leonardo DRS Inc (DRS) reports robust Q2 performance and optimistic outlook

Leonardo DRS Inc (DRS) delivered strong Q2 results, showcasing growth in revenues, bookings, and backlog. Despite challenges like supply chain issues and inflation, the company remains optimistic about future performance. With a focus on defense budget increases and program successes, DRS is poised for continued growth and success.

Leonardo DRS Inc reports robust Q3 performance and anticipates growth

Leonardo DRS Inc's Q3 performance showed strong revenue growth and backlog increase, with a focus on operational efficiency and cash generation. Challenges in the supply chain persist, but opportunities for growth and margin expansion are anticipated.

Leonardo DRS Inc (DRS) posts strong Q4 results, eyes international growth

Leonardo DRS Inc (DRS) delivered a solid performance in Q4 2023, showcasing revenue growth, strong EBITDA, and a healthy backlog. The company's focus on innovation and international markets positions it well for future growth, despite potential challenges in program margins and M&A.

Leonardo DRS Inc posts stellar Q1 results, eyes growth opportunities

Leonardo DRS Inc delivered strong financial results, showcasing robust revenue growth, margin expansion, and increased profitability.
The company's strategic focus on force protection and customer-driven outcomes positions them well for sustained growth and market leadership.
While facing challenges in working capital management and market dynamics, Leonardo DRS Inc remains optimistic about their future prospects and growth trajectory.

Leonardo DRS Inc (DRS) posts stellar Q2 results and eyes future growth opportunities

Leonardo DRS Inc (DRS) reported strong Q2 2024 results, showcasing robust financial performance and strategic achievements.
The company's focus on operational efficiency, revenue growth, and margin expansion positions it well for future success.
DRS's ability to secure significant contracts, expand facilities, and drive cash flow generation underscores its resilience and growth potential.

Leonardo DRS Inc (DRS) posts robust Q3 results and eyes growth opportunities

Leonardo DRS Inc (DRS) reported strong Q3 2024 performance with notable revenue and earnings growth, driven by key technology demand.
The company's strategic acquisitions, innovation showcases, and financial strength position it well for future growth and market leadership.
While challenges like market competition and operational complexities exist, DRS has opportunities to leverage its strengths for sustained success.

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Here is how Leonardo DRS, Inc. (DRS) and Mercury Systems (MRCY) have performed compared to their sector so far this year.

Is Leonardo DRS, Inc. (DRS) Stock Outpacing Its Aerospace Peers This Year?

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been recognized with two awards from BAE Systems for outstanding supplier performance and a commitment to operational excellence in 2024. Leonardo DRS was recognized with BAE Systems' Subcontract Supplier of the Year award for creating and delivering best-in-class products that support the warfighter. The company was also recognized as a top-level Gold Medallion for achieving a rating of 100% on both d.

Leonardo DRS Recognized as a Subcontract Supplier of the Year by BAE Systems

Is Leonardo DRS, Inc. (DRS) Outperforming Other Aerospace Stocks This Year?

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DRS, CHH and ANF made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 29, 2024.

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Does Leonardo DRS, Inc. (DRS) have what it takes to be a top stock pick for momentum investors? Let's find out.

Leonardo DRS, Inc. (DRS) is a Great Momentum Stock: Should You Buy?

DRS makes a strong case for investment in the aerospace-defense equipment industry, given its long-run growth prospects, better debt position and rising backlog.

Reasons to Add Leonardo DRS Stock to Your Portfolio Now

Here is how Leonardo DRS, Inc. (DRS) and L3Harris (LHX) have performed compared to their sector so far this year.

Are Aerospace Stocks Lagging Leonardo DRS, Inc. (DRS) This Year?

Leonardo DRS is rated a Strong Buy due to defense spending tailwinds, improving margins, and expected double-digit EPS growth in 2025 and 2026. The company specializes in advanced sensing, network computing, and propulsion technologies, with 80% of its revenue from the U.S. Defense Department. Despite competitive challenges, Leonardo's sole-source contracts and intellectual property provide a narrow to medium moat.

Leonardo DRS: Expect Its Fast, Profitable Growth To Continue

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it was awarded a contract from NAVSEA to produce ship-based air and surface target detection AN/SPQ-9B radars. The contract includes options, if exercised over five years, would bring the cumulative value to more than $235 million. Under the contract, Leonardo DRS will manufacture, inspect, and test AN/SPQ-9B radars and associated spare kits. “The SPQ-9B radar is a vital ship protection system used across the.

U.S. Navy Awards Leonardo DRS $235 Million Production Contract for AN/SPQ-9B Ship Protection Radar

Leonardo DRS, Inc. (DRS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Leonardo DRS, Inc. (DRS) Upgraded to Strong Buy: What Does It Mean for the Stock?

Leonardo DRS, Inc. (NASDAQ:DRS ) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Steve Vather - Senior Vice President, Investor Relations and Corporate Finance Bill Lynn - Chairman and Chief Executive Officer Mike Dippold - Chief Financial Officer Conference Call Participants Peter Arment - Baird Robert Stallard - Vertical Research Michael Ciarmoli - Truist Securities Seth Seifman - JP Morgan Ron Epstein - Bank of America Operator Ladies and gentlemen, good day, and welcome to the Leonardo DRS Third Quarter Fiscal Year 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Leonardo DRS, Inc. (DRS) Q3 2024 Earnings Call Transcript

Leonardo DRS, Inc. (DRS) came out with quarterly earnings of $0.24 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.20 per share a year ago.

Leonardo DRS, Inc. (DRS) Surpasses Q3 Earnings and Revenue Estimates

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the third quarter 2024, which ended September 30, 2024. CEO Commentary “We delivered strong third quarter results, highlighted by robust bookings, mid-teens organic revenue growth, increases to all of our key profit metrics and healthy free cash flow generation. Our strategy, execution focus and steadfast commitment to our customers are dri.

Leonardo DRS Announces Financial Results for Third Quarter 2024

Leonardo DRS, Inc. (DRS) is well positioned to outperform the market, as it exhibits above-average growth in financials.

Leonardo DRS, Inc. (DRS) is an Incredible Growth Stock: 3 Reasons Why

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced that it has been awarded a contract by General Dynamics Land Systems (GDLS) to provide additional mission equipment packages (MEP) for new SGT Stout Maneuver Short Range Air Defense (M-SHORAD) Stryker capability. The contract is valued at more than $77 million and as part of this contract Leonardo DRS will be responsible for MEP assembly, integration and test. With the integrated MEP, the SGT Stout Stryker allows soldie.

Leonardo DRS Awarded Contract to Deliver Additional Mission Equipment Packages for New SGT Stout Maneuver Short-Range Air Defense Platforms

BRFS, UL and DRS made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 15, 2024.

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it will celebrate its sixth year of sponsoring the “Stick It to Cancer” fundraiser at the United States Army (AUSA) expo in Washington, D.C. to recognize Breast Cancer Awareness Month, and support military members and their families dealing with breast cancer. To raise awareness of breast cancer, Leonardo DRS will again partner with The Henry M. Jackson Foundation for the Advancement of Military Medicine (HJF.

Leonardo DRS Celebrates Six Years of Going Pink at AUSA to Raise Money for Military Women and Family Members Suffering From Breast Cancer

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) and BlueHalo announced today the successful live-fire demonstration of a new Counter Unmanned Aircraft System (C-UAS) Directed Energy (DE) Stryker designed to defeat Group 1-3 UAS with multiple kinetic and non-kinetic defeat technologies. During last month's demonstration for U.S. Army officials in Socorro, N.M., the mobile C-UAS capability successfully destroyed numerous drones using BlueHalo's 26kW LOCUST Laser Weapon System. A.

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