Articles from Leonardo DRS, Inc.

Leonardo DRS, Inc. (NASDAQDRS) announced today it has been awarded a contract to provide the U.S. Army with next-generation Mortar Fire Control Systems (MFCS). The firm fixed-price IDIQ contract is worth more than $99 million.

Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Thursday, February 20, 2025 beginning at 10:00 a.m. (ET) to discuss its fourth quarter 2024 and full year 2024 results. The company plans to issue its quarterly earnings press release prior to the conference call.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has been recognized with two awards from BAE Systems for outstanding supplier performance and a commitment to operational excellence in 2024. Leonardo DRS was recognized with BAE Systems’ Subcontract Supplier of the Year award for creating and delivering best-in-class products that support the warfighter. The company was also recognized as a top-level Gold Medallion for achieving a rating of 100% on both delivery and quality of its products.

Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the third quarter 2024, which ended September 30, 2024.

Leonardo DRS, Inc. (NASDAQDRS) announced that it has been awarded a contract by General Dynamics Land Systems (GDLS) to provide additional mission equipment packages (MEP) for new SGT Stout Maneuver Short Range Air Defense (M-SHORAD) Stryker capability. The contract is valued at more than $77 million and as part of this contract Leonardo DRS will be responsible for MEP assembly, integration and test.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it will celebrate its sixth year of sponsoring the “Stick It to Cancer” fundraiser at the United States Army (AUSA) expo in Washington, D.C. to recognize Breast Cancer Awareness Month, and support military members and their families dealing with breast cancer.

Leonardo DRS, Inc. (NASDAQDRS) and BlueHalo announced today the successful live-fire demonstration of a new Counter Unmanned Aircraft System (C-UAS) Directed Energy (DE) Stryker designed to defeat Group 1-3 UAS with multiple kinetic and non-kinetic defeat technologies.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has opened a new facility designed to enhance collaboration on current and future programs based at the U.S. Army’s Aberdeen Proving Grounds (APG ) in Aberdeen, Maryland.

Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Wednesday, October 30, 2024 beginning at 10:00 a.m. (ET) to discuss its third quarter 2024 results. The company plans to issue its quarterly earnings press release prior to the conference call.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has delivered, ahead of schedule, critical C5I capabilities for the Australian Army’s Heavy Armoured Capability Systems. The delivery provides the new vehicles with the latest situational awareness technology allowing the Australian Army to keep ahead of new and emerging threats in the region.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has received an order for continued production of its next-generation thermal weapon sights for the U.S. Army. The production order for $117 million was made under the current Family of Weapon Sights – Individual (FWS-I) IDIQ contract.

Leonardo DRS, Inc. (NASDAQDRS) 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 Family of Weapon Sights–Sniper (FWS-S) IDIQ contract.

Leonardo DRS, Inc. (NASDAQDRS) 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. The contract ceiling is more than $417 million.

Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the second quarter 2024, which ended June 30, 2024.

Leonardo DRS, Inc. (NASDAQDRS) 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 success for BAE Systems’ Electronic Systems sector in 2023.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has provided the 1,000th 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 system. The system is designed to protect U.S. Army pilots and crews from new and emerging missile threats.

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 conference call.

Leonardo DRS, Inc. (NASDAQDRS) 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 military aircraft protection. The award from Northrop Grumman continues the collaboration between the two companies on this QCL capability that provides advanced protection against current, evolving, and proliferating missile threats to U.S. military aircraft.

Leonardo DRS, Inc. (NASDAQDRS) 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 $26 million.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it was awarded a contract from Boeing Defense to provide the upgraded Aerial Refueling Operator Station (AROS 2.0) for new U.S. Air Force KC-46 Pegasus refueling tanker aircraft.

Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the first quarter 2024, which ended March 31, 2024.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has been recognized with the prestigious 2024 Herschel Award for the development of a groundbreaking cooled infrared sensor that unlocks the ability for advanced military and scientific capabilities across multiple domains, including space. The award was presented by the Military Sensing Symposium Materials and Detectors Specialty Group.

Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Wednesday, May 1, 2024 beginning at 10:00 a.m. (ET) to discuss its first quarter 2024 results. The company plans to issue its quarterly earnings press release prior to the conference call.

Leonardo DRS, Inc. (NASDAQDRS) announced today its newest combat computing product as its latest addition to the company’s proven tactical computing portfolio of products used across U.S. and allied militaries. This new offering is fully compliant with the U.S. Army’s C4ISR/Electronic Warfare Modular Open Suite of Standards (CMOSS).

Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, will host its investor day in-person in New York and via webcast with financial analysts and institutional investors today, March 14, 2024, beginning at 9:00 a.m. E.T. and concluding at approximately 11:45 a.m. E.T.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has signed a ground lease in the Charleston, South Carolina metropolitan area to develop a state-of-the-art manufacturing facility, allowing the company to grow its naval propulsion capability and streamline its support of priority U.S. Navy programs.

Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the fourth quarter and full year ended December 31, 2023.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has delivered the 1,000th Solaris™ ruggedized laser system that is at the heart of Northrop Grumman’s Common Infrared Countermeasures (CIRCM) system. CIRCM is a next-generation aircraft protection system designed to defend rotary wing, tilt rotor, and small fixed wing platforms across the U.S. armed services from a range of missile threats.

Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Tuesday, February 27, 2024 beginning at 10:00 a.m. (ET) to discuss its fourth quarter 2023 and full year 2023 results. The company plans to issue its quarterly earnings press release prior to the conference call.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has launched the Stretto family of high-precision lasers, a next-generation system with unparalleled performance covering the ultraviolet, visible, and near-infrared spectrum. The technology is designed to bring a range of new benefits to quantum information science, including computing, sensing, timing and networking.

Leonardo DRS, Inc. (NASDAQDRS) has been awarded contracts valued at over $3 billion, when fully funded, to provide integrated electric propulsion system products for the U.S. Navy’s Columbia-class submarines. This contract solidifies DRS’s position through shipset 12 for the Columbia-class program. This award was previously announced on the DRS 2023 Q3 earnings call.

Leonardo DRS, Inc. (NASDAQDRS) announced today the successful completion of comprehensive sea trials of the first Ulsan-Class Future Frigate experimental Batch-3 (FFX-III) for the Republic of Korea Navy (ROK Navy). DRS provides the hybrid electric drive propulsion system for the ship, featuring quiet, compact, advanced permanent magnet propulsion motors, supporting the ship’s anti-submarine warfare (ASW) mission with less noise generation and superior fuel economy. This sea trial follows the delivery of eight shipsets for the Daegu-Class FFX-II.

LEONARDO DRS INC. (NASDAQDRS) Leonardo DRS, Inc. (“DRS”) announced today the pricing of an upsized public secondary offering of 18,000,000 shares of its common stock at an offering price of $17.75 per share by Leonardo US Holding, LLC (the “Selling Stockholder”), a subsidiary of Leonardo S.p.A. The Selling Stockholder granted the underwriters a 30-day option to purchase up to an additional 2,700,000 shares of DRS’s common stock from the Selling Stockholder at the public offering price, less underwriting discounts and commissions. The offering is expected to close on November 21, 2023, subject to customary closing conditions. Upon completion of the offering, Leonardo S.p.A. will beneficially own approximately 73.3% of the outstanding common stock of DRS, or approximately 72.3% if the underwriters fully exercise their option to purchase additional shares. All of the shares in the offering will be sold by the Selling Stockholder. DRS is not offering any shares of common stock in this offering and will not receive any proceeds from the sale of shares by the Selling Stockholder.

LEONARDO DRS INC. (NASDAQDRS) Leonardo DRS, Inc. (“DRS”) announced today the commencement of a public secondary offering of 16,500,000 shares of its common stock by Leonardo US Holding, LLC (the “Selling Stockholder”), a subsidiary of Leonardo S.p.A. The Selling Stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 2,475,000 shares of DRS’s common stock from the Selling Stockholder. Upon completion of the offering, Leonardo S.p.A. is expected to beneficially own approximately 73.9% of the outstanding common stock of DRS, or approximately 72.9% if the underwriters fully exercise their option to purchase additional shares. All of the shares in the offering will be sold by the Selling Stockholder. DRS is not offering any shares of common stock in this offering and will not receive any proceeds from the sale of shares by the Selling Stockholder.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has received an order for continued production of its next-generation thermal weapon sights for the U.S. Army. The recently awarded production order for more than $134 million was made under the Family of Weapon Sights – Individual (FWS-I) IDIQ contract.

Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the third quarter 2023, which ended September 30, 2023.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has been awarded a contract to produce a prototype of the next-generation Joint Effects Targeting System II (JETS II) multi-sensor targeting technology for Forward Observers. The 30-month performance prototype contract was awarded by the U.S. Army.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has successfully demonstrated its On Board Vehicle Power (OBVP) technology to provide vehicle-based electrical power in support of vehicle-based weapon systems.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it will celebrate its fifth year of sponsoring the “Stick It to Cancer” fundraiser at the United States Army (AUSA) expo in Washington, D.C. to recognize Breast Cancer Awareness Month, and support military members and their families dealing with breast cancer.

Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has announced that it will host its investor day on Thursday, March 14, 2024 with presentations scheduled to begin at 9:00 a.m. (ET) in midtown Manhattan near the Nasdaq MarketSite.

Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Thursday, November 2, 2023 beginning at 10:00 a.m. (ET) to discuss its third quarter 2023 results. The company plans to issue its quarterly earnings press release prior to the conference call.

Leonardo DRS, Inc. (Nasdaq and TASE: DRS) (“Leonardo DRS” or the “Company”) today announced that it is taking steps to voluntarily delist its common stock from the Tel Aviv Stock Exchange (the “TASE”).

Leonardo DRS, Inc. (NASDAQDRS) announced today that it is releasing its next-generation 5-inch stabilized, multi-sensor EO/IR payload gimbal, with market leading high-definition nighttime imaging capability.

Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the second quarter 2023, which ended June 30, 2023.

Leonardo DRS, Inc. (NASDAQDRS) announced today that its Airborne and Intelligence Systems business unit was awarded a Raytheon Technologies Premier Award for performance in 2022 and overall excellence in collaboration and customer service. The recognition is based on the partnership between Leonardo DRS and Raytheon’s Collins Aerospace division for the Tactical Combat Training System Increment II (TCTS II) program.

Leonardo DRS, Inc. (NASDAQDRS) announced today that its Land Systems business unit facility in Bridgeton, Mo. has been awarded the 2023 James S. Cogswell Award for Outstanding Industrial Security Achievement by the Defense Counterintelligence and Security Agency (DCSA).

Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Wednesday, August 2, 2023 beginning at 10:00 a.m. (ET) to discuss its second quarter 2023 results. The company plans to issue its quarterly earnings press release prior to the conference call.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it is releasing its next-generation stabilized, multi-sensor EO/IR payload gimbal for small to medium Unmanned Aircraft Systems, light fixed-wing aircraft and helicopters. The Small Unmanned Aircraft System Tactical Agile Gimbal (STAG)-8 gimbal is designed to deliver improved intelligence surveillance reconnaissance and targeting mission performance.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has received a new contract to produce its next-generation infrared weapon sights for U.S. Army infantry snipers. The firm-fixed-price contract from the Army’s Contracting Command is valued at more than $94 million over five years.

Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, announced today that it has been added to the Russell 2000® and broad-market Russell 3000® Indexes as part of the 2023 Russell index annual reconstitution, which will be effective after the US market opens on June 26, 2023.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has been recognized with the prestigious 2023 Herschel Award for its role in the development of advanced infrared detectors used in next-generation infrared sights for ground combat vehicles. The award was presented by the Military Sensing Symposium (MSS) Materials and Detectors Specialty Group.

Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the first quarter 2023, which ended March 31, 2023.

Leonardo DRS, Inc. (NASDAQDRS) announced today that its new high-precision radiometer technology is being used to measure the Earth’s surface temperature from space. The image collection from the company’s Multiband Uncooled SmallSat Imaging Radiometer (MUSIR) payload is part of an innovative demonstration mission for NASA. MUSIR, with its unique, space-based uncooled thermal imaging radiometer technology, is paving the way for small, affordable satellite constellations.

Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Wednesday, May 3, 2023 beginning at 5:00 p.m. (ET) to discuss its first quarter 2023 results. The company plans to issue its quarterly earnings press release prior to the conference call.

Leonardo DRS, Inc. (NASDAQDRS) announced today that it has been awarded contracts valued at over $1 billion, when fully funded, to provide the integrated electric propulsion components for the U.S. Navy’s next-generation Columbia-class submarine.

Leonardo DRS, Inc. (NASDAQDRS) announced today it is introducing its next-generation of power conversion technology in the company’s Pivotal Power Solutions line of products, to ensure available and reliable electrical power for mission-critical systems on U.S. Navy ships.

Leonardo DRS (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the fourth quarter and year ended December 31, 2022.

Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Tuesday, March 28, 2023 beginning at 10:30 a.m. (ET) to discuss its fourth quarter and full year 2022 results. The company plans to issue its quarterly earnings press release prior to the conference call.

Leonardo DRS, Inc. (Nasdaq: DRS) announced today it was awarded a contract to provide additional counter unmanned aircraft system (C-UAS) platforms in support of U.S. Army’s Integrated Fires/Rapid Capabilities Office’s on-going Mobile-Low, Slow, Small Unmanned Aircraft System Integrated Defeat System (M-LIDS) program.

Leonardo DRS, Inc. (Nasdaq: DRS) announced today the appointment of Dr. Louis Reginald “Reggie” Brothers to the company’s Board of Directors. His appointment will be effective on January 1, 2023.

Leonardo DRS, Inc. (“DRS”) announced today the appointment of Eric C. Salzman to the company’s Board of Directors. His appointment was effective on November 28, 2022.

Leonardo DRS, Inc. (“Leonardo DRS”, or the “Company”), a leading mid-tier defense technology provider, today announced the successful completion of the all-stock merger between Leonardo DRS and RADA Electronic Industries Ltd. (“RADA”) to become a combined public company (the “Combined Company”). As previously disclosed, RADA shareholders will retain 19.5% ownership in the Combined Company with Leonardo DRS’s parent company, Leonardo S.p.A., (MIL: LDO), owning the remaining 80.5%. Leonardo DRS’s stock will be listed on NASDAQ and the Tel Aviv Stock Exchange (“TASE”) under the symbol “DRS” with RADA’s existing stock symbol converting to the Leonardo DRS symbol effective at the opening of NASDAQ trading on November 29, 2022 and TASE trading on November 30, 2022.

Leonardo DRS, Inc. (“DRS”), a leading mid-tier defense technology provider, today announced its upcoming participation in Baird’s 2022 Annual Global Industrial Conference.

Leonardo DRS, Inc. (“DRS”) announced today that it has received a contract to produce its next-generation thermal weapon sights for the U.S. Army. The firm-fixed-price contract from the U.S. Army Contracting Command is valued at $579 million over five years.

Leonardo DRS, Inc. (DRS) announced today its Land Systems business unit in St. Louis, Missouri has entered into an agreement with SpearUAV Ltd. (Spear) of Israel to develop a version of Spear’s VIPER nano-scale aerial munition for the US market.

Leonardo DRS, Inc.(DRS) announced today that it has received contracts to provide its advanced thermal weapon sights for the Swedish Ministry of Defense (MOD). The firm-fixed-price contracts are worth approximately $50 million.

Leonardo DRS, Inc. (“DRS”) announced today that it has successfully completed factory acceptance testing and shipment of the first production unit of the main propulsion motor for the U.S. Navy’s new COLUMBIA Class submarine. The motor was recently shipped to General Dynamics Electric Boat (EB) for integration into the lead ship of the class.