Leonardo DRS, Inc. is a prominent provider of advanced technology solutions and services primarily focused on the defense and aerospace sectors
The company specializes in delivering innovative systems in areas such as electronic warfare, sensors, and command and control capabilities, which enhance the effectiveness and safety of military operations. With a strong emphasis on research and development, Leonardo DRS works collaboratively with government and commercial partners to create cutting-edge products that meet the evolving needs of national security and defense. Their expertise also extends to supporting maritime and land-based platforms, further solidifying their role as a key player in the defense technology landscape.
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.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the defense contractors industry, including Leonardo DRS (NASDAQDRS) and its peers.
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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.
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As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the defense contractors industry, including Leidos (NYSELDOS) and its peers.
Leonardo DRS has had an impressive run over the past six months as its shares have beaten the S&P 500 by 27.4%. The stock now trades at $33.58, marking a 37.9% gain. This was partly due to its solid quarterly results, and the run-up might have investors contemplating their next move.
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.
Shares of aerospace and defense company Leonardo DRS (NASDAQDRS)
jumped 14.4% in the morning session after the company reported a "beat and raise" quarter. Third quarter results blew past analysts' revenue, EBITDA, and EPS expectations. The top line benefited from demand for programs related to advanced infrared sensing, force protection and tactical radars, while the bottom line was supported by improved volumes.
Aerospace and defense company Leonardo DRS (NASDAQDRS) reported Q3 CY2024 results topping the market’s revenue expectations, with sales up 15.5% year on year to $812 million. The company’s full-year revenue guidance of $3.18 billion at the midpoint also came in 1.2% above analysts’ estimates. Its GAAP profit of $0.21 per share was also 27.3% above analysts’ consensus estimates.
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. (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.
