STOCK TITAN

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.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Leonardo DRS's position in the market.

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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
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%
Tags
none
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%
Tags
earnings
-
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.31%
Tags
none
-
Rhea-AI Summary
Leonardo DRS, Inc. (NASDAQ: DRS) has been awarded contracts valued at over $3 billion to provide integrated electric propulsion system products for the U.S. Navy’s Columbia-class submarines. This contract solidifies DRS’s position through shipset 12 for the Columbia-class program. The company was chosen by General Dynamics Electric Boat and the U.S. Navy to design and manufacture key components of the primary propulsion system of the next-generation ballistic missile submarine fleet. The Columbia-class submarines are designed to replace the fleet of Ohio-class submarines and will be the largest ever built by the United States. Leonardo DRS is a leading provider of next-generation electrical power conversion and propulsion technology for the U.S. Navy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.05%
Tags
none
Rhea-AI Summary
Leonardo DRS, Inc. (NASDAQ: DRS) successfully completes sea trials for the Ulsan-Class Future Frigate experimental Batch-3 (FFX-III) for the Republic of Korea Navy. The hybrid electric drive propulsion system features advanced permanent magnet propulsion motors, supporting the ship’s anti-submarine warfare (ASW) mission with less noise generation and superior fuel economy. The sea trial showcased exceptional performance, economy, safety features, and the ability to meet and exceed all performance requirements. The ROK Navy plans to begin deployment of the ship immediately.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.01%
Tags
none
-
Rhea-AI Summary
Leonardo DRS Inc. (NASDAQ: DRS) announced the pricing of an upsized public secondary offering of 18,000,000 shares of its common stock at an offering price of $17.75 per share by Leonardo US Holding, LLC. The offering is expected to close on November 21, 2023, subject to customary closing conditions. Upon completion of the offering, Leonardo S.p.A. will beneficially own approximately 73.3% of the outstanding common stock of DRS. The shares of common stock in the offering are being offered pursuant to an automatically effective shelf registration statement on Form S-3 filed with the SEC on November 15, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
Tags
offering
-
Rhea-AI Summary
Leonardo DRS Inc. (NASDAQ: DRS) has announced a public secondary offering of 16,500,000 shares of its common stock by Leonardo US Holding, LLC, a subsidiary of Leonardo S.p.A. The underwriters have a 30-day option to purchase up to an additional 2,475,000 shares. After the offering, Leonardo S.p.A. is expected to own approximately 73.9% of DRS's outstanding common stock. DRS is not offering any shares and will not receive any proceeds from the sale. Morgan Stanley, BofA Securities, and J.P. Morgan are acting as joint book-running managers for the offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.21%
Tags
offering
Rhea-AI Summary
Leonardo DRS, Inc. has received an order for the continued production of its next-generation thermal weapon sights for the U.S. Army. The production order is worth over $134 million and was made under the Family of Weapon Sights – Individual (FWS-I) IDIQ contract. The FWS-I is a stand-alone, clip-on weapon sight that connects wirelessly to helmet-mounted vision systems, providing soldiers with rapid target acquisition capabilities day or night and in smoke or fog.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Leonardo DRS Inc.

Nasdaq:DRS

DRS Rankings

DRS Stock Data

6.02B
72.42M
72.39%
28.28%
1.11%
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.