Leonardo DRS is downgraded from strong buy to buy after a 23.7% rally, as the valuation gap has closed. DRS benefits from global defense budget expansion and rising demand for advanced sensor and electronic warfare solutions, supporting mid-to-high single-digit revenue growth. Q4 2025 expectations are for modest 1.4% sales growth and a 2.4% EPS decline, with multi-year EBITDA CAGR projected at ...
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it was awarded a subcontract to provide Infrared Mission Payloads in support of the Space Development Agency's (SDA) Tracking Layer Tranche 3 (TRKT3), a piece of the U.S. military's advanced missile defense program. As the space-based mission payload provider, DRS will design, build, integrate, and test advan...
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) today announced the official opening of its new, state-of-the-art naval power and propulsion manufacturing and testing facility in the Charleston, South Carolina region. The more than 140,000-square-foot facility is a major investment to expand domestic production capacity in support of U.S. Navy submarine and shipbuilding progra...
TEL AVIV, Israel, Jan. 12, 2026 /PRNewswire/ -- Axon Vision (TASE: AXN), a leading provider of AI-powered solutions for defense applications, announced today that it has received an order from Leonardo DRS for the delivery of its new AI-based system for C-UAS missions. Valued at approximately $350,000, the contract covers the delivery of an initial set of systems that provides end-to-end detect...
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Tuesday, February 24, 2026 beginning at 10:00 a.m. (ET) to discuss its fourth quarter 2025 and full year 2025 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 pres...
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today the appointment of Sally Wallace as Executive Vice President, Chief Operating Officer (COO). Wallace, who has been with the company since 2002, will assume her new responsibilities effective immediately and will continue to report directly to CEO John Baylouny. “Wallace is a strong leader and a trusted partner. Th...
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that John Baylouny has officially assumed the role of President and Chief Executive Officer, effective January 1, 2026. Baylouny is deeply rooted in the organization, bringing more than 35 years of experience across senior leadership, engineering, design, operations, and P&L leadership roles. As COO, he oversaw th...
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today the successful first on-orbit test of its revolutionary multi-channel software-defined radio (SDR) with integrated advanced cryptography. This milestone marks a significant advance in validating a technology poised to establish a new standard for secure U.S. military satellite data transport at the tactical edge. ...
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