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 (DRS) has received a three-year Naval Air Systems Command contract for initial production of its DAIRCM aircraft survivability system.
The indefinite-delivery/indefinite-quantity (IDIQ) contract covers low-rate initial production, aircraft integration, systems engineering, program management and logistics support. The award follows the Engineering and Manufacturing Development phase, during which DRS incorporated capability and producibility enhancements. DAIRCM has already been deployed on aircraft operating under a Joint Urgent Operational Need Statement.
Leonardo DRS (Nasdaq: DRS) received AUSA's National Partner Award for Best New Product/Service for its THOR tactical-edge computing chassis. THOR provides computing for combat vehicles and other tactical platforms, including environments with limited or degraded network connectivity.
Introduced in March 2026, the system uses an open architecture designed to support upgrades as mission requirements evolve. It is available as a configurable chassis kit or within an integrated DRS solution, depending on customer and platform requirements.
Leonardo DRS (Nasdaq: DRS) appointed Shaveta J. Kapoor as chief human resources officer to lead its human resources strategy and workforce initiatives. Her responsibilities include talent and leadership development as the company continues investing in technical skills and manufacturing capacity.
Kapoor most recently served as chief human resources officer at ASRC Federal for nearly six years. She previously held leadership roles at Serco spanning human resources, corporate strategy and acquisition integration. DRS employs nearly 7,000 people across the United States.
Leonardo DRS (DRS) has been selected by AeroVironment to support production under the U.S. Army’s Enduring-High Energy Laser program. DRS’ subcontract supports AV’s production of LOCUST X3 laser weapon systems, with DRS providing integration expertise and power and thermal management subsystems for a mobile capability intended to counter unmanned aircraft.
Leonardo DRS (DRS) was selected by AeroVironment to supply integration expertise for the U.S. Army’s Enduring-High Energy Laser production program. Its subcontract supports AeroVironment’s production of LOCUST X3 laser weapon systems. DRS will provide power and thermal management subsystems for a mobile laser system intended to counter unmanned aircraft threats.
Leonardo DRS (DRS) reported third-quarter 2026 revenue growth of 11% year over year and raised its full-year financial outlook. Revenue reached $1,066 million, while net earnings rose 60% to $115 million and diluted earnings per share increased 65% to $0.43. Adjusted EBITDA, a non-GAAP earnings measure, rose 27% to $149 million, with its margin reaching 14.0%.
Quarterly bookings totaled $1,639 million, and funded backlog reached $5.6 billion, up 21% year over year. Both operating segments increased revenue and operating earnings. The company now expects 2026 revenue of $3,950 million–$3,985 million and adjusted diluted earnings per share of $1.50–$1.53. Quarterly operating cash flow and free cash flow declined year over year to $96 million and $61 million, respectively. A regular $0.09-per-share dividend is payable November 25, 2026, to holders of record November 12.
Leonardo DRS (DRS) has been awarded a 10-year prime contract under NASA’s Solutions for Enterprise-Wide Procurement (SEWP) VI program. The government-wide purchasing contract allows federal agencies to procure approved DRS products and services, with ordering running from November 1, 2026, through October 31, 2036.
The award extends DRS’s role as a SEWP prime contractor, held since 2015. Agencies have procured more than $110 million in DRS products and services through SEWP V. DRS expects its 368 SEWP V catalog line items to transition to SEWP VI, subject to final program requirements. The current SEWP V contract will continue to be administered through April 30, 2027.
Leonardo DRS (Nasdaq: DRS) has won a contract from Joint Interagency Task Force 401 with a $500 million ceiling. The contract has a three-year period of performance and uses an indefinite-delivery/indefinite-quantity structure, allowing orders to be placed as needs arise.
DRS is eligible to compete for future task orders to deliver integrated counter-drone sensing capabilities for force protection and low-altitude air defense. The contract is designed to speed delivery of vetted counter-drone technologies and systems to operators. The ceiling is not a disclosed task-order award; DRS will compete for orders throughout the contract period.
Leonardo DRS (DRS) received a U.S. Army contract to demonstrate uncooled thermal camera cores for the DUTCH sensing initiative. The award comes from the Army DEVCOM C5ISR Center. DRS will demonstrate high-definition, high-frame-rate camera cores under an initiative intended to accelerate next-generation thermal sensing development and transition into defense applications.
Leonardo DRS (DRS) has received a $63 million U.S. Army production order for its Family of Weapon Sights–Individual thermal weapon sight system.
The order was placed under the Army’s existing indefinite-delivery/indefinite-quantity contract, which allows orders under an established contract. FWS-I is designed to wirelessly connect with soldier-worn vision devices, including the Enhanced Night Vision Goggle–Binocular and Integrated Visual Augmentation System. The connection lets soldiers view weapon-sight thermal imagery through a helmet-mounted display without shouldering the weapon.