ARLINGTON, Va. --(BUSINESS WIRE)--Aug. 22, 2024-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been awarded a contract to build additional advanced Joint Assault Bridge systems for the U.S. Army and the Romanian military (through a Foreign Military Sales agreement).
ARLINGTON, Va. --(BUSINESS WIRE)--Aug. 20, 2024-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received an order for continued production of its advanced Sniper Weapon Sights for U.S. Army snipers. The recently awarded production order for $52 million was made under the current
ARLINGTON, Va. --(BUSINESS WIRE)--Jul. 31, 2024-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it was awarded a contract by the U.S. Navy to provide critical electronic combat control and sonar systems equipment for installation across the service’s fleet of submarines and allied fleets.
Revenue: $753 million , up 20% year-over-year Net Earnings: $38 million , up 9% year-over-year Adjusted EBITDA: $82 million , up 32% year-over-year Diluted EPS: $0.14 , up 8% year-over-year Adjusted Diluted EPS: $0.18 , up 20% year-over-year Bookings: $941 million (book-to-bill ratio of 1.2x)
ARLINGTON, Va. --(BUSINESS WIRE)--Jul. 17, 2024-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it received a BAE Systems ‘Partner 2 Win’ Supplier of the Year award. DRS was chosen from a select pool of suppliers that delivered exceptional performance and contributions to supply chain
ARLINGTON, Va. --(BUSINESS WIRE)--Jul. 16, 2024-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that its Naval Power Systems facility in Danbury, CT . has been awarded the 2024 James S. Cogswell Award for Outstanding Industrial Security Achievement by the Defense Counterintelligence and Security
ARLINGTON, Va. --(BUSINESS WIRE)--Jul. 1, 2024-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has provided the 1,000 th advanced sensor package which is at the core of BAE Systems’ 2-Color Advanced Warning System (2CAWS), a next-generation missile warning and hostile fire detection
ARLINGTON, Va. --(BUSINESS WIRE)--Jun. 28, 2024-- Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Tuesday, July 30, 2024 beginning at 10:00 a.m. (ET) to discuss its second quarter 2024 results. The company plans to issue its quarterly earnings press release prior to the
ARLINGTON, Va. --(BUSINESS WIRE)--Jun. 10, 2024-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received another full-rate production contract to supply its industry-leading Quantum Cascade Laser (QCL) technology to enable Common Infrared Countermeasure (CIRCM) systems for critical
ARLINGTON, Va. --(BUSINESS WIRE)--May 28, 2024-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it was awarded a contract from NAVSEA to provide AN/SPQ-9B radar design agent and engineering services. The contract includes options, if exercised, would bring the cumulative value to more than
