Articles from Leonardo DRS

Leonardo DRS, Inc. (NASDAQDRS) announced today that it was awarded a contract from NAVSEA to produce ship-based air and surface target detection AN/SPQ-9B radars. The contract includes options, if exercised over five years, would bring the cumulative value to more than $235 million.

Leonardo DRS, Inc. (NASDAQDRS) 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). Under the contract, the award is worth more than $49 million.

Leonardo DRS, Inc. (NASDAQDRS) 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 Agency (DCSA).

Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, hosted its first investor day since its return to the public markets in November 2022. The event featured presentations from members of the executive leadership team who detailed the company’s differentiated portfolio, strategic priorities, operations and growth outlook.

Leonardo DRS (DRS) announced today that it has received a contract award from the U.S. Army to provide advanced infrared sensors for the next-generation sighting systems. These sensors will replace the current Horizontal Technology Integration (HTI), 2nd Generation Sensors for high-value platforms across the US Army fleet, including the Abrams Main Battle Tank, and the Optionally Manned Fighting Vehicle. The Firm-Fixed-Price and Cost Plus-Fixed-Fee contract is worth $39.5 million.

Leonardo DRS, Inc. (“DRS”), a leading mid-tier defense technology provider, today announced that on October 24, 2022, DRS and RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (“RADA”) received regulatory approval from The Committee on Foreign Investment in the United States (“CFIUS”), representing one of the more important regulatory approvals required as a condition to close the previously announced merger of the two companies.

RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (“RADA”), a leading global provider of advanced software-defined military tactical radars, together with Leonardo DRS, Inc. (“DRS”), a leading mid-tier defense technology provider, today announced its upcoming participation in the Jefferies 2022 Industrials Conference and the 42nd Annual Canaccord Genuity Growth Conference.

RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) (“RADA”), a leading provider of advanced software-defined military tactical radars, and Leonardo DRS Inc. (“Leonardo DRS”), a leading mid-tier defense technology provider, today announced that they have entered into a definitive agreement to merge and become a combined public company (the “Combined Company”). The capabilities of the two companies are expected to generate strong growth from a wide range of new and high-growth markets, and are shaping the future battlefield for the U.S. military and its allies across all domains.