Leonardo DRS, Inc. is a prominent provider of advanced technology solutions and services primarily focused on the defense and aerospace sectors
The company specializes in delivering innovative systems in areas such as electronic warfare, sensors, and command and control capabilities, which enhance the effectiveness and safety of military operations. With a strong emphasis on research and development, Leonardo DRS works collaboratively with government and commercial partners to create cutting-edge products that meet the evolving needs of national security and defense. Their expertise also extends to supporting maritime and land-based platforms, further solidifying their role as a key player in the defense technology landscape.
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Leonardo DRS, Inc. (NASDAQDRS) announced today that its cutting-edge Stretto® semiconductor laser technology has been honored with the prestigious SPIE Prism Award for its exceptional innovation in Quantum Technologies for 2025. The annual award honors the best new optics and photonics products on the market.
Leonardo DRS, Inc. (NASDAQDRS) announced today that it has received a $45 million U.S. Navy Submarine Industrial Base (SIB) investment commitment through contracts with HII’s Newport News Shipbuilding. The investment is expected to expand the capabilities of DRS’s new, 140,000 square-foot naval propulsion manufacturing facility currently under-construction in Goose Creek, SC, and includes capital equipment and other infrastructure enhancements.
Aerospace and defense company Leonardo DRS (NASDAQDRS) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 5.9% year on year to $981 million. The company’s full-year revenue guidance of $3.48 billion at the midpoint came in 1.6% above analysts’ estimates. Its non-GAAP profit of $0.38 per share was 7.6% above analysts’ consensus estimates.
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, 2024.
LEONARDO DRS INC was identified as a growth stock that isn't overvalued. NASDAQ:DRS is excelling in various growth indicators while maintaining a solid financial footing.
Leonardo DRS, Inc. (NASDAQDRS) announced today that it was awarded a contract to provide and integrate the latest Battle Management Systems (BMS) C4I hardware and software into new Royal Thailand Army combat vehicles. The total value of the award is more than $7 million. The contract was awarded by the U.S. Army through the U.S. Government Grant Assistance program.
Leonardo DRS, Inc. (NASDAQDRS) announced today it has been awarded a contract to provide the U.S. Army with next-generation Mortar Fire Control Systems (MFCS). The firm fixed-price IDIQ contract is worth more than $99 million.
Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Thursday, February 20, 2025 beginning at 10:00 a.m. (ET) to discuss its fourth quarter 2024 and full year 2024 results. The company plans to issue its quarterly earnings press release prior to the conference call.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the defense contractors industry, including Leonardo DRS (NASDAQDRS) and its peers.
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Leonardo DRS, Inc. (NASDAQDRS) 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 delivery and quality of its products.
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As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the defense contractors industry, including Leidos (NYSELDOS) and its peers.
Leonardo DRS has had an impressive run over the past six months as its shares have beaten the S&P 500 by 27.4%. The stock now trades at $33.58, marking a 37.9% gain. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
Leonardo DRS, Inc. (NASDAQDRS) 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.
