Leonardo DRS, Inc. Stock Price, News & Analysis

Leonardo DRS (Nasdaq: DRS) and Hofmann Engineering signed a Memorandum of Understanding on November 4, 2025 to explore a strategic partnership targeting advanced allied naval propulsion.

The collaboration would examine joint research, system integration, co-development, production, and export of electric, hybrid-electric and steam turbine propulsion systems to support U.S. Navy ship and submarine production, strengthen supply‑chain resilience, and expand Australia’s industrial capacity within the AUKUS framework.

Leonardo DRS (Nasdaq: DRS) announced a board and CEO transition effective January 1, 2026. William J. (Bill) Lynn will retire as Chairman and CEO after 14 years. The Board has named John Baylouny as President & CEO and a board member, and elected Frances Fragos Townsend as Board Chair. Baylouny has 35+ years at the company and has served as COO since late 2018; Townsend has served on the board since 2009 and was lead independent director.

The announcement emphasizes continuity, succession planning, and leadership experienced in operations, technology and government relations.

Leonardo DRS (Nasdaq: DRS) reported third-quarter 2025 results for the period ended September 30, 2025, with revenue of $960 million (up 18% year‑over‑year) and net earnings of $72 million (up 26% YoY). The company posted Adjusted EBITDA of $117 million (up 17% YoY) and Adjusted Diluted EPS of $0.29 (up 21% YoY). Bookings were $1.307 billion, producing a book-to-bill of 1.4x, and backlog rose to $8.909 billion (up 8% YoY).

Cash flow from operations was $107 million and free cash flow was $77 million. The board declared a $0.09 per share cash dividend payable December 2, 2025. DRS updated 2025 guidance to revenue of $3,550M–$3,600M and adjusted diluted EPS of $1.07–$1.12, and noted a tax‑rate outlook of 18%.

Leonardo DRS (NASDAQ: DRS) announced an award from the U.S. Army to develop prototype Vehicle Integrated Power Kits (VIPKs) that export on-demand electrical power from tactical vehicles.

The kits will be built around the company's On-Board Vehicle Power (OBVP) / TITAN solution, which can generate up to 120 kW from a vehicle drivetrain to power communications, electronic warfare, counter‑UAS systems, mobile command and control, radar, directed energy weapons, and expeditionary microgrids while moving or stationary.

The program focuses on prototype development to scale battlefield power infrastructure and underscores Leonardo DRS's experience in rugged integrated power and propulsion systems for U.S. military customers.

Leonardo DRS (NYSE:DRS) and KNDS signed a strategic teaming agreement to offer the combat-proven CAESAR® Self-Propelled Howitzer to the U.S. Army, announced October 13, 2025.

The team will have Leonardo DRS as prime contractor for platform integration and KNDS supplying the mobile artillery system and ammunition, positioning CAESAR® as a longer-range, highly mobile, rapid-firing solution that the companies say addresses U.S. Army needs for range, mobility, precision, and rapid worldwide deployment.

KNDS noted CAESAR®’s 52-caliber ordnance has an extensive combat firing record and that roughly 120 systems are deployed in Ukraine, which they say informs system maturity and integration onto a U.S. tactical truck.

Leonardo DRS (NASDAQ: DRS) on October 12, 2025 launched SAGEcore, a ruggedized AI software platform for real-time threat detection and decision support at the tactical edge.

SAGEcore fuses multiple sensor feeds (radar, infrared, intelligence broadcasts) and runs AI/ML on ruggedized edge GPUs to reduce latency, enable multi-target tracking, support counter-UAS, electronic warfare and autonomy, and operate when disconnected from networks. Built-in features include SOSA-compatible data fusion, high-assurance encryption, cross-domain capability, and PACE communications. The platform is designed for vehicles, airborne, maritime and space systems and is intended for rapid integration via OTAs and traditional acquisition pathways.

Leonardo DRS (NASDAQ: DRS) will mark its seventh year of supporting the “Stick It to Cancer” fundraiser during the 2025 AUSA Annual Meeting & Exposition in Washington, D.C., recognizing Breast Cancer Awareness Month.

The company is partnering again with The Henry M. Jackson Foundation to benefit the Look Good Feel Better program and Murtha Cancer Center Research Program. At Hall A, Booth #703 on October 14, attendees can place a breast-cancer awareness sticker on a Wall of Heroes; Leonardo DRS will donate $5 per sticker up to $20,000. Special edition Defense News with a sticker will be available October 13.

Leonardo DRS (NASDAQ: DRS) won first place in a Department of Defense counter‑drone competition on October 9, 2025 by demonstrating its Ring C‑UxS electronic warfare system.

The Ring system uses radio‑frequency (RF) detection, GNSS techniques, and RF datalink manipulation to detect, identify, and defeat small UAS (Groups 1–3) from air, land, or sea. Leonardo DRS and partner Regulus excelled in dismounted detect‑identify‑track‑defeat scenarios during a JCO demonstration intended to inform DoD requirements. The company noted the technology has been deployed across multiple platforms and operational theaters, and emphasized its role as prime contractor/integrator on MLIDS and provider of the M‑SHORAD Mission Equipment Package.

Hoverfly Technologies (DRS) closed a $20 million Series B on October 8, 2025, led by existing investor Leonardo DRS with $15 million and new investor Korea Robot Manufacturing (KRM) with $5 million. The round is the company's largest to date and includes a manufacturing agreement with DRS to expand production of the Hoverfly Sentry and a new line for the Hoverfly Spectre.

KRM will be exclusive manufacturer of key components, establish a U.S. production facility, and serve as a reseller alongside DRS. Hoverfly has sold over 800 tethered drones and promotes its NEXUS BVLOS networking capability adopted in concept by the U.S. Army.