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

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Leonardo DRS reports strong Q1 performance and capitalizes on market opportunities

Leonardo DRS delivered a strong performance in Q1 2023, with notable strengths in technology advancements and strategic positioning in key markets. While facing potential challenges, the company is well-positioned to capitalize on opportunities presented by budget increases and growing demand for its products and services.

Leonardo DRS Reports Strong Q2 Results Amid Defense Spending Growth

Leonardo DRS delivered strong financial performance in Q2 2023, driven by accelerated revenues and a significant increase in backlog. The company faces challenges related to supply chain inflation and labor availability but is well-positioned to capitalize on opportunities in the space market and defense spending growth.

Leonardo DRS Achieves 10% Organic Revenue Growth in Q3

Leonardo DRS reported strong Q3 performance, driven by accelerated revenue growth, increased backlog, and improved margins. While facing operational challenges, the company is well-positioned to capitalize on strong customer demand and pursue strategic M&A opportunities.

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been recognized with the prestigious 2024 Herschel Award for the development of a groundbreaking cooled infrared sensor that unlocks the ability for advanced military and scientific capabilities across multiple domains, including space. The award was presented by the Military Sensing Symposium Materials and Detectors Specialty Group. The 2024 award recognized DRS's work in developing the linear mode Hg.

Leonardo DRS Recognized with Prestigious Award for Revolutionary Infrared Sensor

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Wednesday, May 1, 2024 beginning at 10:00 a.m. (ET) to discuss its first quarter 2024 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website. To attend the conference.

Leonardo DRS Schedules First Quarter 2024 Earnings Conference Call for May 1, 2024

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today its newest combat computing product as its latest addition to the company's proven tactical computing portfolio of products used across U.S. and allied militaries. This new offering is fully compliant with the U.S. Army's C4ISR/Electronic Warfare Modular Open Suite of Standards (CMOSS). This modular open systems architecture (MOSA) platform will enable flexibility and advanced capabilities intended to converge sel.

Leonardo DRS Introduces New Mounted Form Factor Mission System to Address the U.S. Army's CMOSS Modernization Initiative

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, hosted its first investor day since its return to the public markets in November 2022. The event featured presentations from members of the executive leadership team who detailed the company's differentiated portfolio, strategic priorities, operations and growth outlook. During the presentation, the company issued the following: Reaffirmation of 2024 guidance previously issued.

Leonardo DRS 2024 Investor Day Highlights

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, will host its investor day in-person in New York and via webcast with financial analysts and institutional investors today, March 14, 2024, beginning at 9:00 a.m. E.T. and concluding at approximately 11:45 a.m. E.T. During the event, the Leonardo DRS management team will discuss the company's differentiated portfolio, strategic priorities, operations and growth outlook. Prepar.

Leonardo DRS to Host Investor Day

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Leonardo DRS, Inc. (DRS) Q4 2023 Earnings Call Transcript

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has signed a ground lease in the Charleston, South Carolina metropolitan area to develop a state-of-the-art manufacturing facility, allowing the company to grow its naval propulsion capability and streamline its support of priority U.S. Navy programs. When complete there will be over 140,000 square feet of purpose-built advanced manufacturing, assembly and testing space representing an approximate net inve.

Leonardo DRS Signs Land Lease to Build State-of-the-Art Naval Propulsion Manufacturing and Test Facility Near Charleston, S.C.

Leonardo DRS, Inc. (DRS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.35 per share a year ago.

Leonardo DRS, Inc. (DRS) Q4 Earnings and Revenues Beat Estimates

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the fourth quarter and full year ended December 31, 2023. CEO Commentary “We delivered solid 2023 financial results, which continue to demonstrate the strength of our portfolio and the clear customer demand for our technologies. I am incredibly proud of the tremendous effort from the entire team to execute for our customers, drive innovatio.

Leonardo DRS Announces Financial Results for Fourth Quarter and Full Year 2023

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Leonardo DRS, Inc. (DRS) is on the Move, Here's Why the Trend Could be Sustainable

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Recent Price Trend in Leonardo DRS, Inc. (DRS) is Your Friend, Here's Why

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has delivered the 1,000th Solaris™ ruggedized laser system that is at the heart of Northrop Grumman's Common Infrared Countermeasures (CIRCM) system. CIRCM is a next-generation aircraft protection system designed to defend rotary wing, tilt rotor, and small fixed wing platforms across the U.S. armed services from a range of missile threats. “We are proud to be a trusted partner with Northrop Grumman on thi.

Leonardo DRS Delivers 1,000th Laser System Key to Rotor and Fixed-Wing Aircraft Protection System

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Tuesday, February 27, 2024 beginning at 10:00 a.m. (ET) to discuss its fourth quarter 2023 and full year 2023 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website.

Leonardo DRS Schedules Fourth Quarter 2023 and Full Year 2023 Earnings Conference Call for February 27, 2024

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has launched the Stretto family of high-precision lasers, a next-generation system with unparalleled performance covering the ultraviolet, visible, and near-infrared spectrum. The technology is designed to bring a range of new benefits to quantum information science, including computing, sensing, timing and networking. Stretto lasers are designed to bring the reliability and adaptability required for cutti.

Leonardo DRS Unveils Stretto Family of Laser Systems for Quantum Information Science Applications

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Leonardo DRS, Inc. (DRS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

News for Leonardo DRS Inc Stock (DRS)