Leonardo DRS Expands Federal Access to Mission-Critical Technologies Through NASA SEWP VI

The contract supports task orders using firm-fixed-price, labor-hour, time-and-materials and other pricing arrangements.

Rhea-AI Summary

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.

3 points · 0 major

PositiveiHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.10-year SEWP VI prime contract provides federal procurement access from November 1, 2026, through October 31, 2036.
• Minor pointMore than $110 million in DRS products and services already procured by agencies through SEWP V.
• Minor point. Forward-looking: it has not happened yet and may not happen.368 SEWP V catalog line items are expected by DRS to transition to SEWP VI.

Negative

• Minor point. Forward-looking: it has not happened yet and may not happen.Final program requirements remain a condition of the expected SEWP V catalog transition.

Key Figures

Prime contract term: 10 years Prior SEWP V purchases: More than $110 million Contract line items: 368 +1 more

Prime contract term

10 years

NASA SEWP VI

Prior SEWP V purchases

More than $110 million

DRS products and services procured through SEWP V

Contract line items

368

DRS products, parts and services listed in its SEWP V catalog

SEWP VI ordering period

Nov. 1, 2026–October 31, 2036

Ordering period dates

Key Terms

government-wide acquisition contract (gwac), indefinite-delivery/indefinite-quantity, firm-fixed-price, time-and-materials

4 terms

government-wide acquisition contract (gwac) regulatory

"The government-wide acquisition contract (GWAC) vehicle gives federal agencies"

A government-wide acquisition contract (GWAC) is a pre-competed, multiple-award contracting vehicle established by a federal agency that other federal agencies can use to buy IT products, services, and solutions. GWACs are typically structured as multiple-award IDIQ (indefinite delivery/indefinite quantity) contracts: qualified vendors are awarded a spot on the GWAC’s vendor list after a competitive process, and individual agencies place task or delivery orders against that list without running a full procurement each time. GWACs are available only to authorized federal entities (and any other users specifically permitted by the contract) and do not transfer the underlying procurement rules or budgetary responsibility from the ordering agency to the GWAC sponsor.

indefinite-delivery/indefinite-quantity regulatory

"All SEWP VI awards are indefinite-delivery/indefinite-quantity contracts"

An indefinite-delivery/indefinite-quantity (IDIQ) contract is a purchasing agreement used mainly by governments where the buyer commits to buy goods or services over a set time but does not specify exact quantities or delivery dates up front. For investors this matters because an IDIQ can create a steady pipeline of potential orders and recurring revenue like a standing grocery list a store can draw from, while leaving total future sales and timing uncertain.

firm-fixed-price regulatory

"issue firm-fixed-price, labor-hour, time-and-materials"

A firm-fixed-price contract sets a single, unchanging price for goods or services that the seller must deliver, regardless of how much those costs rise or fall during performance. For investors, this matters because the buyer bears little cost uncertainty while the seller absorbs any cost overruns, which can make revenue more predictable but can squeeze profit margins if expenses increase—think of agreeing to buy a product at a set price even if the seller’s costs go up.

time-and-materials regulatory

"labor-hour, time-and-materials and other pricing-arrangement task orders"

A time-and-materials arrangement is a billing method where a customer pays for the actual hours worked plus the cost of any parts or supplies used, rather than a fixed price for the whole job. For investors, it matters because revenue and profit depend on how much work is done and what materials cost, so companies using this model often show more variable income and predictable cash flow tied to utilization rates—like paying a repairperson by the hour plus parts.

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Ten-year prime contract provides federal agencies with a streamlined path to rapidly procure DRS products and services in support of national security and modernization missions

ARLINGTON, Va., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) has been awarded a 10-year prime contract under NASA’s Solutions for Enterprise-Wide Procurement (SEWP) VI Program. The government-wide acquisition contract (GWAC) vehicle gives federal agencies a proven and streamlined path to rapidly procure approved Leonardo DRS products and services through 2036.

NASA administers the government-wide SEWP acquisition contract. The award extends DRS's role as a SEWP prime contractor, a position the company has held since 2015. The DRS award covers a broad range of the company’s products and services. DRS currently lists 368 contract line items representing vetted approved products, parts and services from multiple business units in its SEWP V catalog. These offerings are expected to transition to the SEWP VI contract, subject to final program requirements.

Recent task orders have supported the U.S. Army, Navy, Air Force, Army Communications-Electronics Command, the Defense Logistics Agency (DLA) and Foreign Military Sales (FMS). Government agencies have already procured more than $110 million in DRS products and services through SEWP V. NASA documented an “Excellent” performance rating for DRS in January 2026.

DRS is not a traditional reseller. DRS focuses on providing its own products directly to US Government customers via SEWP, complemented by commercial off-the-shelf offerings available through teaming relationships with stocking distributors. The ten-year SEWP VI ordering period opens Nov. 1, 2026, through October 31, 2036. All SEWP VI awards are indefinite-delivery/indefinite-quantity contracts with the ability to issue firm-fixed-price, labor-hour, time-and-materials and other pricing-arrangement task orders. The current SEWP V contract will continue to be administered through April 30, 2027.

"This award recognizes a decade of proven performance, and directly benefits to our current and future customers," said Denny Crumley, senior vice president and general manager of the DRS Land Electronics business unit. "In today's dynamic environment, our customers need more contracting options and faster paths to buy and field trusted capability. This award preserves a rapid, low-cost procurement path for the next decade. We are proud of the team that earned it and DRS is committed to delivering for every customer who uses it."

The SEWP contract provides streamlined access to commercial products and services, including hardware, software, cloud services, cybersecurity tools, engineering and consulting services, and data-intensive mission support. SEWP VI areas of focus include: information technology, computing, software, navigation, communications and power technologies. The program also introduces stand-alone services, giving agencies greater flexibility to acquire solutions that address mission and program requirements.

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.

DRS Investor Relations Contact
Camilla Yanushevsky
Director, Investor Relations
+1 571 309 8216
investorrelations@drs.com

DRS Media Contact
Charles Jones
Director, Marketing and Corporate Communications
+1 571-737-8800
charles.jones@drs.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

When does Leonardo DRS’s NASA SEWP VI contract ordering period begin and end?

The 10-year ordering period begins November 1, 2026, and runs through October 31, 2036. The current SEWP V contract will continue to be administered through April 30, 2027.

What types of task orders does Leonardo DRS’s SEWP VI contract allow?

The contract allows firm-fixed-price, labor-hour, time-and-materials and other pricing-arrangement task orders. All SEWP VI awards are indefinite-delivery/indefinite-quantity contracts, a structure for ordering products and services over the contract period.