Leonardo DRS and Kingdom of Saudi Arabia Ministry of Defense Agree to Expand Collaboration

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ARLINGTON, Va.--(BUSINESS WIRE)-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has signed a Memorandum of Intent (MOI) with the Kingdom of Saudi Arabia’s Ministry of Defense (MOD) to explore opportunities for MOD ground combat vehicles and dismounted forces in support of the country’s Vision 2030 defense modernization roadmap.

The MOI was signed in Washington, D.C. following announcement of the United States of America’s Strategic Defense Agreement with Saudi Arabia. Signing for Leonardo DRS was Bill Guyan, the company’s Senior Vice President, Business Development and President, International Business. Eng. Khalid Al-Jawini, Director of Projects for Procurement for the Saudi Arabian Ministry of Defense, signed for the MOD under the oversight of H.E. Dr. Khaled bin Hussein Al-Biyari, Assistant Minister of Defense for Executive Affairs.

The MOI identifies prospective opportunities to collaborate in areas where Leonardo DRS is an industry leader in combat-proven, advanced network computing and combat computing capabilities, including:

• High-performance battle management systems providing digital command-and-control tools to give crews real-time awareness, communication, and coordination capabilities on the battlefield.
• Advanced C6ISR solutions for units at the brigade level and below to support faster decision-making, provide a broader understanding of the battlefield, deliver network protection, and increase the gathering and sharing of critical intelligence capabilities.
• Rugged vehicle computing hardware Multi-Function Rugged Displays, and other high-performance, high-performance computing solutions.
• Advanced Vehicle Communication Systems for enhanced command and control while ensuring reliable combat vehicle-based communication.
• Advanced mobile situational awareness capabilities for special forces and dismounted soldiers that network sensors and communications.
• Vehicle integration and engineering services to support in-country integration teams with complex modernization programs across the Saudi MOD vehicle fleet.

“By signing this MOI, Leonardo DRS is reinforcing its commitment to support the Kingdom of Saudi Arabia with its cutting-edge battlespace communications architecture and vehicle integration services that will deliver a more connected, protected, and combat effective land force,” Guyan said. “As a trusted provider of advanced defense technology for the U.S. military and allied militaries around the world, we are proud of the opportunity to potentially expand our relationship in supporting the efforts of Saudi Arabia to advance its national defense strategy.”

This MOI aligns with Leonardo DRS’ broader strategy to grow its presence in the Middle East and expand industrial cooperation in the region. It builds on the company’s Memorandum of Agreement with SAMI Advanced Electronics Company for localization of rugged vehicle hardware to support Vision 2030’s goals of growing local industrial capability and enhancing the Kingdom’s defense readiness.

Leonardo DRS is a trusted provider of advanced battle management systems, network computing and vehicle integration capabilities for the U.S. military and allied forces around the world. The company is a recognized leader in providing proven, high-performance tactical computing, smart displays, AI-enabled processing, and integrated C4/C5/C6ISR solutions that reduce the cognitive burden on commanders and crews operating in complex combat environments. The systems are designed to deliver real time situational awareness and are scalable, platform agnostic, and support open architectures.

Learn more about our, proven, mission-critical AI-capable combat computing and network computing systems at www.LeonardoDRS.com.

About Leonardo DRS

Leonardo DRS Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.

Forward-Looking Statements

This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.

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Leonardo DRS Investor Relations Contact

Steve Vather

Senior Vice President, Corporate Development (M&A) and Investor Relations

+1 703 409 2906

stephen.vather@drs.com



Leonardo DRS Media Contact

Michael Mount

Vice President, Communications and Public Affairs

+1 571 447 4624

mmount@drs.com



Press Office

Tel 703.416.8000

www.drs.com

Source: Leonardo DRS, Inc.