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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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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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it is releasing its next-generation stabilized, multi-sensor EO/IR payload gimbal for small to medium Unmanned Aircraft Systems, light fixed-wing aircraft and helicopters. The Small Unmanned Aircraft System Tactical Agile Gimbal (STAG)-8 gimbal is designed to deliver improved intelligence surveillance reconnaissance and targeting mission performance. The STAG-8 gimbal provides a combination of the newest smal.

Leonardo DRS Unveils New 8-inch Electro-Optical/Infrared Stabilized Gimbal for Group 2 and 3 UAS Platforms

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received a new contract to produce its next-generation infrared weapon sights for U.S. Army infantry snipers. The firm-fixed-price contract from the Army's Contracting Command is valued at more than $94 million over five years. Under the contract, Leonardo DRS will produce the advanced system known as the Family of Weapon Sights – Sniper, Improved Night / Day Observation Device Block III. The advanced.

Leonardo DRS Awarded $94 Million Contract for Advanced Infrared Weapon Sights for Army Snipers

Since November 2022, Leonardo DRS gained 45% while its mother company was only up by 32%. Leonardo DRS is gaining support thanks to the Biden administration's 2024 defense budget. Positive news on Leonardo's core business also supports our buy rating.

Leonardo: DRS Upside To Price In

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, announced today that it has been added to the Russell 2000® and broad-market Russell 3000® Indexes as part of the 2023 Russell index annual reconstitution, which will be effective after the US market opens on June 26, 2023. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strateg.

Leonardo DRS Set to Join the Russell 2000® and Russell 3000® Indexes

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been recognized with the prestigious 2023 Herschel Award for its role in the development of advanced infrared detectors used in next-generation infrared sights for ground combat vehicles. The award was presented by the Military Sensing Symposium (MSS) Materials and Detectors Specialty Group. Leonardo DRS was joined by two other recipients that also made significant contributions to the development of t.

Leonardo DRS Recognized With Prestigious Award for Role in Development of Critical Infrared Technology

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the first quarter 2023, which ended March 31, 2023. CEO Commentary “Leonardo DRS had a solid start to the year with the first quarter coming in ahead of our expectations. We continue to experience strong demand as evidenced by our healthy bookings. Our differentiated technology portfolio is well positioned to drive long-term growth.

Leonardo DRS Announces Financial Results for First Quarter 2023

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ:DRS) announced today that its new high-precision radiometer technology is being used to measure the Earth's surface temperature from space. The image collection from the company's Multiband Uncooled SmallSat Imaging Radiometer (MUSIR) payload is part of an innovative demonstration mission for NASA.

Leonardo DRS Demonstration Mission Utilizes Innovative Technology to Capture Earth Images for NASA

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Wednesday, May 3, 2023 beginning at 5:00 p.m. (ET) to discuss its first quarter 2023 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of the conference call with corresponding press release and supplemental information will be available on the company's investor relations website.

Leonardo DRS Schedules First Quarter 2023 Earnings Conference Call for May 3, 2023

Leonardo DRS: Lower 2023 Guidance, But The Stock Is Undervalued

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been awarded contracts valued at over $1 billion, when fully funded, to provide the integrated electric propulsion components for the U.S. Navy's next-generation Columbia-class submarine.

Leonardo DRS Receives Over $1 Billion to Support U.S. Navy's Columbia-Class Submarine Program

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today it is introducing its next-generation of power conversion technology in the company's Pivotal Power Solutions line of products, to ensure available and reliable electrical power for mission-critical systems on U.S. Navy ships.

Leonardo DRS Introduces the Next Generation of Power Conversion Technology for Naval Platforms

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the fourth quarter and year ended December 31, 2022. CEO Commentary “2022 was a transformative year for Leonardo DRS. We executed on several strategic actions to strengthen our position in core technology markets.

Leonardo DRS Announces Financial Results for Fourth Quarter and Fiscal Year 2022

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Tuesday, March 28, 2023 beginning at 10:30 a.m. (ET) to discuss its fourth quarter and full year 2022 results. The company plans to issue its quarterly earnings press release prior to the conference call.

Leonardo DRS Schedules Fourth Quarter and Full Year 2022 Earnings Conference Call for March 28, 2023

Leonardo DRS is new to the NASDAQ after merging with RADA Electronics. Shares opened at $11.50 and climbed to $13.46. The company operates in the essential defense and homeland security industry specializing in communications and radar systems selling to rather than competing with big contractors building ships and tanks.

Good Moves At Leonardo DRS Catches Attention

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News for Leonardo DRS Inc Stock (DRS)