Leonardo DRS Selected by United States Space Force to Advance Technology in support of advanced Space Superiority Solutions
Rhea-AI Summary
Leonardo DRS (Nasdaq: DRS) reported that the U.S. Space Force awarded the company an Other Transaction Agreement prototype contract to advance next-generation, affordable and scalable sensor technology. The work focuses on detecting, identifying, tracking and targeting fast-moving threats in challenging conditions to support U.S. space superiority and space control missions, while emphasizing improved producibility and resilient supply chains.
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Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Aug 11 | Defense demonstration | Positive | +1.1% | SGT STOUT demonstration defeated Group 1–2 unmanned aerial system threats |
| Aug 04 | Facility expansion | Positive | -1.4% | New Connecticut facility supported naval power systems business expansion |
| Jul 30 | Q2 earnings report | Positive | -2.0% | Revenue, earnings, backlog, and 2026 adjusted guidance increased |
| Jul 28 | Acquisition agreement | Positive | +1.6% | Raft acquisition expanded AI, data fusion, and mission software capabilities |
| Jul 15 | Camera contract | Positive | -1.2% | Contract covered more than 50,000 Tenum Orbit thermal imaging cameras |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive announcements produced mixed reactions, with two aligned gains and three divergences.
Key Terms
other transaction agreement regulatory
electro-optical and infrared technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
ARLINGTON, Va., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced it has been awarded an Other Transaction Agreement contract for Prototype by the U.S. Space Force to advance next-generation technology designed to further strengthen U.S. national defense capabilities.
Under the award, Leonardo DRS will further develop affordable and scalable sensor technology that helps defense systems detect, identify, track, and target fast-moving threats in challenging conditions in support of mission needs for U.S. space superiority and space control efforts.
A key focus of the program is improving affordability and producibility, leveraging advancements in sensing and processing and moving toward designs that can be manufactured more efficiently, scaled to meet demand, and built with a resilient supply chain to support urgent national security needs.
“This award recognizes our innovative best-in-class sensor technology, proven experience and continued investment in space-based capabilities for critical national security programs,” said John Baylouny, President and CEO of Leonardo DRS. “These investments allow our company to push the boundaries of advanced sensing and targeting and implement scaled manufacturing to support national security priorities.”
“We are incredibly proud to support this vital space-based mission,” said Jerry Hathaway, senior vice president and general manager, Leonardo DRS Electro-Optical and Infrared Systems. “This award builds upon our current and next-generation affordable sensing technologies developed by our innovative space and sensor engineering teams and leverages our proven performance and expertise in sensor design and manufacturing.”
Leonardo DRS is a leading provider of advanced infrared sensing systems used by the U.S. government and allied nations across ground, sea, air, and space missions. The company’s advanced sensing, secure communications, and laser technologies support critical efforts including Counter-UAS, autonomous maritime fleet protection, and mounted and dismounted ground combat systems.
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.
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
Charles Jones
Director, Marketing and Corporate Communications
+1 571 737 8800
charles.jones@drs.com
For more information regarding this OTA award, please click here.
