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 e...
Leonardo has recently expanded through deals in land systems, cybersecurity and AI-enabled mission software. CEO Lorenzo Mariani said the company would pursue acquisitions and strategic partnerships to support long-term growth.
Revenue: $913 million, up 10% year-over-year Net Earnings: $86 million, up 59% year-over-year Adjusted EBITDA: $128 million, up 33% year-over-year Diluted EPS: $0.32, up 60% year-over-year Adjusted Diluted EPS: $0.35, up 52% year-over-year Bookings: $1.1 billion (book-to-bill ratio of 1.2x) Record Funded Backlog: $5.1 billion, up 17% year-over-year Increases 2026 guidance for Adjusted EBITDA an...
ARLINGTON, Va., July 28, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) today announced that it has entered into a definitive agreement to acquire Raft LLC (“Raft”) in an all-cash transaction valued at $450 million.
ARLINGTON, Va., July 15, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today the company has signed a contract to supply more than 50,000 Tenum® Orbit™ thermal imaging cameras under a blanket purchase agreement, marking a major production milestone for the company and underscoring growing demand for advanced thermal imaging technology across emerging mission applications.
ARLINGTON, Va.--(BUSINESS WIRE)--Announcement of Tenum® 640 Orbit™, an uncooled long-wave infrared (LWIR) thermal camera module for unmanned air, ground, and maritime platforms.
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the first quarter 2026, which ended March 31, 2026. CEO Commentary “Leonardo DRS delivered a strong start to the year. Our first quarter 2026 results meaningfully outperformed expectations thanks to disciplined execution, program momentum a...