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 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.
Leonardo DRS (DRS) announced that president and CEO John Baylouny received AUSA’s John W. Dixon Award during its 2026 Annual Meeting and Exposition. The Association of the United States Army presents the annual award for distinguished industrial service and contributions to national defense.
Baylouny became president and CEO in January 2026, after serving as chief operating officer since 2018. He has more than 35 years of aerospace and defense industry experience, including more than 15 years in executive leadership roles. He also supports AUSA’s Greater Los Angeles Chapter and serves as an adviser to its annual Space Symposium.
Leonardo DRS (Nasdaq: DRS) launched its cxMHR radar and confirmed initial production has begun for the air and missile defense system. The fully digital C-band radar integrates radar panels, identification equipment and command-and-control functions into a containerized system deployable on a single vehicle. The company is displaying cxMHR at the Association of the U.S. Army's 2026 Annual Meeting & Exposition in Washington, D.C., through October 14.
Leonardo DRS (Nasdaq: DRS) completed final training and delivery of INOD Block III thermal weapon sights for the Australian Army.
The delivery was under LAND 159 Tranche 1. The clip-on sights are designed to help snipers detect, identify and engage targets in low-light and degraded visual conditions. DRS provided hands-on training to support operation and maintenance of the systems. Australian defense company NIOA, the program’s prime contractor, managed local program coordination and delivery logistics on behalf of the Australian Army.
Leonardo DRS (DRS) has established DRS UK and launched local tactical radar production at a newly purpose-built UK site.
The subsidiary supports the company’s UK business, while the production site expands its manufacturing footprint and provides a local presence for defence customers, industry partners and system integrators. The company said the investment is intended to strengthen long-term support for UK programmes and provide greater flexibility to meet evolving operational requirements. The UK operation will serve as a hub for its tactical radar business in the UK and Europe.
Leonardo DRS (DRS) has scheduled a conference call for October 29, 2026, to discuss its third-quarter 2026 results. The call begins at 10:00 a.m. ET, and the company plans to issue its earnings release beforehand.
Leonardo DRS (DRS) has signed a contract with Doosan Enerbility to supply the electric propulsion system for the Republic of Korea Navy’s next‑generation KDDX guided‑missile destroyer program.
The company will provide an integrated power and propulsion solution using its 100‑Series permanent magnet motors and compact variable‑frequency drives for what is expected to be at least six indigenously designed destroyers, the navy’s first full‑electric‑drive surface combatants.