Welcome to our dedicated page for Leonardo DRS news (Ticker: DRS), a resource for investors and traders seeking the latest updates and insights on Leonardo DRS stock.
Leonardo DRS develops and manufactures advanced defense technologies for U.S. national security customers and allied forces across land, air, sea, space and cyber domains. News from DRS commonly covers quarterly results, funded bookings, backlog, program execution and demand across tactical radars, infrared and RF sensing, network computing, force protection, and electric power and propulsion.
Company updates also include product and capability launches such as rugged shipboard power systems, maritime counter-UAS packages, and open-architecture embedded computing for tactical platforms, along with defense contract vehicles, research-and-development activity, board changes and other governance developments.
Leonardo DRS (Nasdaq: DRS) reported Q1 2026 results: revenue $846M (+6% YoY), net earnings $62M (+24% YoY), adjusted EBITDA $105M (+28% YoY), and adjusted diluted EPS $0.26 (+30% YoY). Funded backlog reached $4.7B. Board declared a $0.09 per-share cash dividend payable June 2, 2026. The company raised 2026 guidance for revenue, adjusted EBITDA and adjusted diluted EPS ranges.
Leonardo DRS (Nasdaq: DRS) introduced a rugged 2 kVA AC uninterruptible power supply (UPS) built for shipboard and harsh maritime environments. The unit is IP54-hardened and described as military-qualified; qualification testing to applicable MIL-STD requirements (EMI, shock, vibration, salt fog, fungus) will complete this summer.
The UPS targets mission-critical loads outside controlled spaces and is positioned to support naval power-conversion needs for submarines and surface ships.
Leonardo DRS (Nasdaq: DRS) announced the Maritime Mission Equipment Package (M-MEP), an integrated maritime counter-UAS capability fielded on an autonomous unmanned surface vessel (AUSV).
The M-MEP combines maritime radar, EO-IR sensors, SAGEcore™ AI-enabled sensor fusion, networking, and a platform integration kit to detect, identify, track, and defeat aerial unmanned threats and speed fielding across ships and USVs.
Leonardo DRS (Nasdaq: DRS) will hold a conference call on May 5, 2026 at 10:00 a.m. ET to discuss its first quarter 2026 results. The company will issue its quarterly earnings press release prior to the call and provide supplemental materials on its investor relations website.
Live audio and webcast registration are available at the company investor site. A replay will be posted about two hours after the call and remain available for 90 days.
Leonardo DRS (Nasdaq: DRS) introduced THOR, a SOSA-aligned, 3U VPX rugged embedded computing chassis for tactical edge AI, sensor fusion, and multi-domain operations on March 24, 2026.
THOR supports Intel, Arm, and NVIDIA payloads, internal data rates up to 100 Gbps, MIL-STD ruggedization, and is available as a configurable kit or fully integrated subsystem.
Leonardo DRS (Nasdaq: DRS) was awarded an engineering solutions contract under the Advanced Technology Support Program V (ATSP5) to support rapid fielding of emerging technologies for the U.S. military. The IDIQ contract has a total potential value of more than $25 billion over ten years and lists Leonardo DRS as one of 13 awardees. Under ATSP5, Leonardo DRS can deliver work across advanced sensing, computing, integrated mission systems, and R&D in quantum computing, nanoelectronics, additive manufacturing, and submicron engineering. The award enables competition for future task orders across the contract’s period of performance.
Leonardo DRS (Nasdaq: DRS) announced the appointment of Reuben Jeffery III to its Board of Directors, effective April 1, 2026. He succeeds David W. Carey, who is retiring at term end. Jeffery brings public policy, global finance, and corporate governance experience from senior government roles and two decades on Wall Street.
Jeffery served as CEO of Rockefeller & Co. (2010–2018), held senior U.S. government posts including CFTC chair, and earned degrees from Yale and Stanford.
Leonardo DRS (NASDAQ: DRS) announced on March 3, 2026 that Dr. Philip Perconti, Senior Vice President & Chief Technology Officer, was named to the inaugural 2026 Defense News Index: Tech Disruptors list.
Perconti leads corporate R&D strategy, accelerates technology innovation, and has prior service as Army Chief Scientist and director of the U.S. Army Research Laboratory with oversight of programs exceeding $1.2 billion.
Leonardo DRS (Nasdaq: DRS) reported Q4 2025 revenue of $1.06B and full-year revenue of $3.65B, with 2025 net earnings of $278M and adjusted EBITDA of $453M. Bookings were $4.25B for 2025 (book-to-bill 1.2x) and backlog ended at $8.73B. The company recognized a net non-routine impact from a $100M, 10-year quantum laser IP license and a legacy program conclusion. DRS initiated 2026 guidance of $3.85B–$3.95B revenue and adjusted diluted EPS of $1.20–$1.26.
Leonardo DRS (Nasdaq: DRS) was awarded multiple contracts under the Missile Defense Agency SHIELD IDIQ, an indefinite-delivery/indefinite-quantity vehicle with a $151 billion ceiling. The awards enable rapid delivery of next-generation air and missile defense capabilities and position DRS to compete for future task orders.
Backed by a nationwide industrial footprint, DRS said it will apply rapid design and manufacturing to accelerate fielding for the warfighter.