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Leonardo DRS Inc. - DRS STOCK NEWS

Welcome to our dedicated news page for Leonardo DRS (Ticker: DRS), a resource for investors and traders seeking the latest updates and insights on Leonardo DRS.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Leonardo DRS's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Leonardo DRS, Inc. (NASDAQ: DRS) has been honored with the 2024 Herschel Award for developing a revolutionary cooled infrared sensor that enhances military and scientific applications in various domains, including space. The award recognizes DRS's work on linear mode HgCdTe Avalanche Photodiodes for single photon counting sensors, enabling passive imaging under low light conditions. The technology facilitates ultrasensitive receivers for LIDAR, laser communication, remote sensing, gas detection, and 3-D imaging. DRS's collaboration with NASA, DARPA, and the Air Force Research Laboratory underscores its commitment to advancing defense and science technologies. This achievement follows DRS's previous recognition for its contribution to advanced infrared detectors. The Herschel Award, presented for significant infrared device science and technology advancements, highlights DRS's position as a leading provider of infrared sensors and camera systems for the U.S. government and global allies, emphasizing its expertise in sensing technology and laser applications.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
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Rhea-AI Summary
Leonardo DRS, Inc. (DRS) has scheduled a conference call to discuss its first quarter 2024 results. The live audio broadcast will be available on the company's investor relations website. Participants can register online to attend the conference call or webcast.
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Rhea-AI Sentiment
End-of-Day
-1.45%
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Rhea-AI Summary
Leonardo DRS, Inc. (NASDAQ: DRS) unveils a cutting-edge combat computing product, fully compliant with U.S. Army standards, aimed at enhancing Army network modernization. The new CMFF system offers advanced capabilities for mission command, maneuver, and fires, providing improved situational awareness and networking on the battlefield.
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-0.09%
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Rhea-AI Summary
Leonardo DRS, Inc. (DRS) recently hosted its first investor day post its return to the public markets, showcasing a strong outlook for 2024-2026 with 4-7% organic revenue growth and a 14% adjusted EBITDA margin by 2026.
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-4.48%
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News
Rhea-AI Summary
Leonardo DRS, Inc. (DRS) will host its investor day discussing its portfolio, priorities, operations, and growth outlook. The event will feature key executives and allow virtual participation with a live Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.48%
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Rhea-AI Summary
Leonardo DRS, Inc. (NASDAQ: DRS) signs a ground lease in Charleston, SC to develop a new manufacturing facility for naval propulsion systems. The $120 million investment will enhance the company's support for U.S. Navy programs, including the Columbia-class ballistic missile submarine. The facility will boost manufacturing, integration, and testing capabilities, creating a national asset for addressing current and future Navy needs.
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Rhea-AI Sentiment
End-of-Day
8.72%
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Rhea-AI Summary
Leonardo DRS, Inc. (DRS) reports strong financial results for Q4 and full year 2023, with revenue reaching $926 million and $2.8 billion respectively. The company's net earnings were $74 million for Q4 and $168 million for the year. DRS also achieved a record backlog of $7.8 billion, up 82% from the prior year. Initiating 2024 guidance, DRS plans a significant $120 million net capital investment for a new naval propulsion facility in South Carolina.
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Rhea-AI Sentiment
End-of-Day
8.72%
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Rhea-AI Summary
Leonardo DRS, Inc. (NASDAQ: DRS) has delivered the 1,000th Solaris™ ruggedized laser system at the heart of Northrop Grumman’s Common Infrared Countermeasures (CIRCM) system. This technology is designed to protect aircraft from missile threats, and the company is proud to be a trusted partner with Northrop Grumman. The Solaris is the laser source for Northrop Grumman’s 5th generation IRCM technology, working to 'dazzle' the missile’s infrared guidance system and ensure the safety of aircraft. The company has an extensive installed base of laser technology across the U.S. military, focusing on advanced sensing capability for aircraft protection and sensors supporting the U.S. armed forces.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
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Rhea-AI Summary
Leonardo DRS, Inc. (Nasdaq: DRS) has announced a conference call to discuss its fourth quarter 2023 and full year 2023 results. The call is scheduled for February 27, 2024, at 10:00 a.m. (ET). The company will release its quarterly earnings press release before the call. The live audio broadcast and supplemental information will be available on the company’s investor relations website. Participants can register online to attend the conference call or webcast, with a replay available on the website for 90 days after the call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.89%
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Rhea-AI Summary
Leonardo DRS, Inc. (NASDAQ: DRS) has launched the Stretto family of high-precision lasers, covering the ultraviolet, visible, and near-infrared spectrum. The technology is designed for quantum information science, offering reliability, adaptability, and resistance to temperature and pressure fluctuations. The product is aimed at quantum sensors, clocks, and computing systems, positioning DRS for success in leading the future of sensing.
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-0.31%
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Leonardo DRS Inc.

Nasdaq:DRS

DRS Rankings

DRS Stock Data

5.51B
72.84M
72.25%
28.13%
0.95%
Small Arms Ammunition Manufacturing
Manufacturing
Link
US
Arlington

About DRS

leonardo drs is a prime contractor, leading technology innovator and supplier of integrated products, services and support to military forces, intelligence agencies and defense contractors worldwide. the company specializes in naval and maritime systems, ground combat mission command and network computing, global satellite communications and network infrastructure, avionics systems, and intelligence and security solutions. additionally, the company builds power systems and electro-optical/infrared systems for a wide range of commercial customers. headquartered in arlington, virginia, leonardo drs is a wholly owned subsidiary of leonardo s.p.a., which employs more than 47,000 people worldwide. see the full range of capabilities at www.leonardodrs.com and on twitter @drstechnologies.