$DRS

Leonardo DRS (NASDAQ:DRS) secured a $500M contract for counter-drone systems from the Joint Interagency Task Force 401. The 3-year agreement allows the company to compete for task orders, supporting force protection and air defense missions. Actual contract value depends on winning competitive task orders.

Leonardo DRS (Nasdaq: DRS) received a U.S. Army contract to demonstrate advanced thermal camera cores for defense applications, including drones, missiles, and night vision. The DUTCH initiative aims to accelerate next-gen uncooled IR sensing tech. DRS will showcase high-definition, high-frame-rate cameras, with potential use in various military platforms. The company is expanding production capacity to meet growing demand.

Leonardo DRS (NASDAQ:DRS) received a $63M U.S. Army order for its thermal weapon sight system, FWS-I, under an existing contract. The system integrates with soldier-worn devices for enhanced target acquisition. The company highlights its advanced sensing and connected soldier systems capabilities.

Leonardo DRS (Nasdaq: DRS) launched its cxMHR radar, starting initial production. The C-band AESA system offers 360-degree coverage, detecting threats up to 330km away. It was unveiled at AUSA Annual 2026. The company specializes in defense technologies for national security.

Leonardo DRS (Nasdaq: DRS) completed delivery and training for the INOD Block III thermal weapon sights to the Australian Army under the LAND 159 Tranche 1 program. The sights enhance sniper operations in challenging conditions and improve interoperability with U.S. forces. The company provided training and support for the systems, which use advanced thermal imaging and battery technology. NIOA managed local coordination for the program.

Leonardo DRS (Nasdaq: DRS) established DRS UK, a new subsidiary to support its UK business, and launched local production of tactical radars. The investment aims to strengthen long-term support for UK defense programs and meet evolving operational requirements. The company has deployed over 10,000 radar panels worldwide, serving the US Armed Forces, NATO allies, and other international customers.

Leonardo DRS (NASDAQ:DRS) won a contract to supply electric propulsion for South Korea’s KDDX destroyer program, covering motors and electronic drives. The program may include six destroyers, but the announcement does not confirm funded orders for all. Leonardo DRS reported Q2 revenue of $913M, up 10% YoY, with electric power and propulsion as growth drivers. The contract value and timing remain unspecified, and future revenue depends on additional ship funding and awards.

Leonardo DRS (DRS) secured a contract to supply electric power and propulsion systems for South Korea's KDDX destroyers, reinforcing its role in naval electric propulsion. The contract adds to its backlog but doesn't alter the short-term outlook. Analysts project $4.6B revenue and $463.4M earnings by 2029, with a 45% potential upside. Risks include margin pressure from input costs and R&D spending.

Leonardo DRS (DRS) secures $96M Navy contract for electronics production. Florida Resilience Conference to discuss climate challenges. Jacksonville exceeds affordable housing goals. Dell founder involved in $7.7B insurance acquisition.

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.