DRS

ARLINGTON, Va., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) has been awarded a 10-year prime contract under NASA’s Solutions for Enterprise-Wide Procurement (SEWP) VI Program. The government-wide acquisition contract (GWAC) vehicle gives federal agencies a proven and streamlined path to rapidly procure approved Leonardo DRS products and services through 2036. NASA administers the government-wide SEWP acquisition contract. The award extends DRS's role as a SEWP prime contractor, a position the company has held since 2015. The DRS award covers a broad range of the company’s products and services. DRS currently lists 368 contract line items representing vetted approved

ARLINGTON, Va., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has been awarded a $500 million ceiling indefinite-delivery/indefinite-quantity (IDIQ) contract with three-year period of performance from the Joint Interagency Task Force 401 (JIATF-401). The award positions DRS to support JIATF-401 mission needs through the rapid fielding of operationally relevant capabilities. The JIATF-401 IDIQ is designed to increase speed and agility in delivering vetted Counter UAS (C-UAS) technologies and systems to operators. Under this contract, DRS will be eligible to compete for task orders that enable the rapid delivery of integrated C-UAS sensing capabil

ARLINGTON, Va., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has been awarded a contract by the U.S. Army Combat Capabilities Development Command, or DEVCOM, C5ISR Center to support the Delivering Unmatched Thermal Capability Hastened, or DUTCH, initiative. Supported by the Office of the Assistant Secretary of War for Critical Technologies, the DUTCH initiative is focused on accelerating the development and transition of next-generation uncooled thermal infrared (IR) sensing capabilities for defense applications. The initiative is intended to advance high-performance, affordable thermal-imaging technology that can support rapid integration acro

ARLINGTON, Va., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has received a $63 million production order from the U.S. Army for its next-generation Family of Weapon Sights – Individual, or FWS-I, thermal weapon sight system. The order was placed under the Army’s existing indefinite-delivery/indefinite-quantity, or IDIQ, contract for advanced, battlefield-proven, thermal weapon sight systems supporting dismounted soldiers. FWS-I is a lightweight, uncooled thermal imaging system designed to wirelessly integrate with solider-worn vision devices, including the Enhanced Night Vision Goggle–Binocular, or ENVG-B, and the Integrated Visual Augmentation

ARLINGTON, Va., Oct. 12, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced today that John Baylouny, the company’s president and chief executive officer, received the Association of the United States Army’s John W. Dixon Award during the 2026 AUSA Annual Meeting and Exposition. Established in 1989, the John W. Dixon Award recognizes distinguished service in the industrial community resulting in outstanding contributions to national defense. The annual award honors leaders whose work has made a lasting impact on the U.S. Army, the defense industrial base and the nation’s security. Baylouny brings more than 35 years of aerospace and defense industry experience, including

ARLINGTON, Va., Oct. 12, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) today announced the launch of its cxMHR radar and confirmed that the company has begun initial production, marking the milestone at the Association of the U.S. Army's 2026 Annual Meeting & Exposition in Washington, D.C. The cxMHR, short for C-Band Extended Multi-Mission Hemispheric Radar, is a fully digital, software-defined, C-band Active Electronically Scanned Array (AESA) system built for modern integrated air and missile defense (IAMD) operations. Four AESA radar panels, Identification Friendly or Foe (IFF), command-and-control and supporting peripherals are integrated into a single, ISO-containerized sy

ARLINGTON, Va., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) has completed final training and delivery for the Improved Night/Day Observation Device (INOD) Block III thermal weapon sights provided to the Australian Army under the LAND 159 Tranche 1 program. The INOD Block III is a clip-on thermal weapon sight designed to help snipers and special operations forces detect, identify and engage targets in low-light and degraded visual conditions, including darkness, smoke, haze and adverse weather. Mounted in front of an existing direct-view optic, the system is designed to preserve the operator’s zeroed scope and is compatible with magnifications from 5x to greater than

ARLINGTON, Va., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced the establishment of DRS UK, a new subsidiary created to support the company’s business in the United Kingdom, along with the launch of local production of tactical radars in the UK. The newly purpose-built production site expands DRS’s manufacturing footprint and creates a dedicated local presence to support UK defence customers, industry partners and system integrators. The company said the investment is intended to strengthen long-term support for UK programmes and provide greater flexibility to meet evolving operational requirements. DRS tactical radars are designed to detect, track and classi

4 - Leonardo DRS, Inc. (0001833756) (Issuer)

ARLINGTON, Va., Sept. 29, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) has scheduled a conference call for Thursday, October 29, 2026 beginning at 10:00 a.m. (ET) to discuss its third quarter 2026 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 call or webcast, participants should register online at https://investors.leonardodrs.com. A replay will be available on the company’s website approximately two hours after t

ARLINGTON, Va., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has entered into a contract with Doosan Enerbility to provide the electric propulsion system for the Republic of Korea Navy's KDDX destroyer program, the lead ship of which is being built by Hanwha Ocean. KDDX is a next-generation guided-missile destroyer, considered a cornerstone of South Korea’s future naval fleet requirements. The program is expected to deliver at least six destroyers and represents South Korea’s first indigenously designed and built destroyer program. Under the award, DRS will supply an integrated electric power and propulsion solution featuring its power-dense 1

Guggenheim initiated coverage of Leonardo DRS with a rating of Buy and set a new price target of $51.00

4 - Leonardo DRS, Inc. (0001833756) (Issuer)

ARLINGTON, Va., Sept. 10, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has been awarded contracts totaling $96 million to provide critical electronics hardware for the MK 41 Vertical Launching System (VLS). The MK 41 VLS is the U.S. Navy’s premier shipborne missile launching system and is also fielded by 14 allied navies worldwide. The awards reinforce Leonardo DRS’s role in supporting naval combat system readiness with trusted, mission-critical electronics. Under the awards, Leonardo DRS will provide a range of advanced electronics hardware, including Programmable Power Supplies (PPS), Launch Control Units (LCU), and Module Transformer Platform/System

4 - Leonardo DRS, Inc. (0001833756) (Issuer)

4 - Leonardo DRS, Inc. (0001833756) (Issuer)

ARLINGTON, Va., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced it has been awarded an Other Transaction Agreement contract for Prototype by the U.S. Space Force to advance next-generation technology designed to further strengthen U.S. national defense capabilities.  Under the award, Leonardo DRS will further develop affordable and scalable sensor technology that helps defense systems detect, identify, track, and target fast-moving threats in challenging conditions in support of mission needs for U.S. space superiority and space control efforts.  A key focus of the program is improving affordability and producibility, leveraging advancements in sensing and pr

ABU DHABI, United Arab Emirates, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Space42, the UAE-based AI-powered SpaceTech company with global reach has signed a Memorandum of Understanding (MoU) with Leonardo DRS. The agreement establishes a framework to integrate Leonardo DRS mission systems with Space42’s secure satellite connectivity to boost sovereign national security across the United Arab Emirates. Under the MoU, Leonardo DRS will contribute its expertise in C5ISR mission systems while Space42 will provide secure, AI-enabled satellite communications and Beyond Line of Sight (BLOS) connectivity. Together, the companies will explore the joint design and integration of advanced mission capabilit

ARLINGTON, Va., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced today that the company’s SGT STOUT M-SHORAD Mission Equipment Package (MEP) successfully defeated Group 1–2 small, unmanned aircraft system (UAS) threats during a U.S. Government test event, demonstrating the system’s ability to adapt rapidly to evolving air threats through a modular, open-architecture design. "SGT STOUT was engineered from the start for modernization, so capability can evolve as the threat evolves," said Aaron Hankins, senior vice president and general manager of the Leonardo DRS Land Systems business unit. "This event highlights an upgrade path that emphasizes speed, safety, cybe

CAPE CANAVERAL, Fla., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Equity Insider News Commentary - In a recent conversation on the Fighter Pilot Podcast, Tim Franta, chief executive of Starfighters Space, Inc. (NYSE:FJET), laid out an unusually clear picture of what his company actually does and where he intends to take it. It is a story that runs from a 1950s-designed fighter jet to low Earth orbit, and it lands squarely in two of the fastest-moving corners of aerospace today: hypersonic testing and small-payload launch. For investors trying to understand where a company like Starfighters fits among the better-known names in space and defense, from GE Aerospace (NYSE:GE) and Kratos Defense (NASDAQ:

4 - Leonardo DRS, Inc. (0001833756) (Issuer)

ARLINGTON, Va., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has signed an agreement for a new facility in Brookfield, Connecticut, that will expand and consolidate operations for its Naval Power Systems business, strengthening increased throughput and support for critical U.S. Navy programs and positioning the company for future growth across the evolving nuclear energy landscape. Located at 120 Park Ridge Road in Brookfield, the new site will provide 141,087 square feet of space and bring together operations currently spread across three locations in Danbury and Bethel, Connecticut. Initial occupancy is expected in early 2027, with the poten

10-Q - Leonardo DRS, Inc. (0001833756) (Filer)

Revenue: $913 million, up 10% year-over-yearNet Earnings: $86 million, up 59% year-over-yearAdjusted EBITDA: $128 million, up 33% year-over-yearDiluted EPS: $0.32, up 60% year-over-yearAdjusted Diluted EPS: $0.35, up 52% year-over-yearBookings: $1.1 billion (book-to-bill ratio of 1.2x)Record Funded Backlog: $5.1 billion, up 17% year-over-yearIncreases 2026 guidance for Adjusted EBITDA and Adjusted Diluted EPSAnnounced the $450 million acquisition of Raft, expanding DRS’s multi-domain AI, data fusion and mission software capabilitiesDividend: Company declares cash dividend of $0.09 per share to be paid on August 27, 2026 ARLINGTON, Va., July 30, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc.

8-K - Leonardo DRS, Inc. (0001833756) (Filer)