Tuesday’s Afternoon Update

Leonardo DRS (NASDAQ:DRS) secured a $39.6M contract from the U.S. Navy for satellite communication terminals. The deal covers production, integration, and support of JTT-X units for EA-18G Growler aircraft, enhancing communications and situational awareness for Naval Aviation. The contract aligns with the Navy’s Global Lightning initiative and includes advanced encryption capabilities.

Leonardo DRS (Nasdaq: DRS) secured $96M in contracts to supply electronics hardware for the MK 41 Vertical Launching System, used by the U.S. Navy and 14 allied navies. The hardware includes power supplies, launch control units, and transformer systems for shipborne missile operations.

Leonardo DRS (NYSE:DRS) secured $96 million in contracts to supply electronics hardware for the U.S. Navy's MK 41 Vertical Launching System, including power supplies and launch control units. Work will be done at facilities in Pennsylvania and Florida under multi-year agreements.

Parsons (PSN) reported flat Q2 revenue of $1.58B, missing estimates, and lowered full-year guidance, causing its stock to drop 26.3%. BWX (BWXT) reported $901.6M revenue, up 18%, meeting expectations and beating EBITDA guidance. RTX (RTX) reported $24.71B revenue, up 14.5%, beating expectations and raising EPS guidance. The stock is up 3.2% since reporting.

The U.S. Space Force awarded Leonardo DRS a contract for a sensor to track and target fast-moving objects in space. The project is part of a $500M+ acquisition push. Leonardo DRS emphasized affordability, scalability, and resilient supply chains. The sensor aims to reduce the time between threat detection and actionable data delivery, though specific targets and contract details were not disclosed.

Leonardo DRS has secured a technology contract with the US Space Force. The company's stock is currently trading at $37.70 USD, with a 5-day change of -0.79%. This contract win could impact investor perceptions of the company's growth prospects in the defense and aerospace sectors.