A contract where a buyer agrees to purchase goods or services over a set period without fixing the exact delivery schedule or total quantity up front; the buyer issues individual orders as needs arise within agreed minimum and maximum limits. For investors, these deals can create a reliable stream of potential future revenue and a measurable backlog, while still leaving uncertainty because actual sales depend on the buyer’s ordering decisions — similar to a standing shopping agreement that guarantees at least some business but not a fixed number of items.
multiple award contractregulatory
A multiple award contract is a purchasing arrangement where a buyer, often a government agency, pre-qualifies several suppliers to provide the same goods or services under shared terms so those buyers can place individual orders from any of the approved vendors. For investors, it matters because winning a spot on such a contract can create a steady, predictable pipeline of potential work and revenue, though actual sales depend on how many orders a company wins compared with its competitors.
quantum computingtechnical
Quantum computing is a type of advanced technology that uses the principles of quantum physics to perform calculations much faster than traditional computers. It can process vast amounts of information simultaneously, potentially solving complex problems that are currently impossible or take too long with regular computers. For investors, this technology could lead to breakthroughs in areas like cryptography, data analysis, and optimization, impacting financial markets and security systems.
nanoelectronicstechnical
Nanoelectronics are electronic components and circuits built at the scale of billionths of a meter, where individual transistors and wires are so tiny they behave differently than larger parts. Think of it as shrinking a whole radio or computer into a speck-sized city — this can make devices faster, use less power and enable entirely new products. For investors, advances in nanoelectronics can change which companies lead in chips, devices and manufacturing tools, affecting growth and profit prospects.
additive manufacturingtechnical
Additive manufacturing, often called 3D printing, builds physical parts by laying down material layer by layer from a digital design, rather than cutting or molding from a solid block. It matters to investors because it can cut production time and waste, enable cheaper prototypes and customized products, and reshape supply chains—changes that can lower costs, speed new products to market, and create competitive advantages that affect a company's revenue and margins.
submicron engineeringtechnical
Submicron engineering is the design and manufacturing of structures and components smaller than one micron (one millionth of a meter), typically used in semiconductor chips, sensors and advanced optics. It matters to investors because making devices at this tiny scale often improves performance, power efficiency and device density, but also requires expensive tools and tight quality control; success or failure can strongly affect a technology company’s costs, competitiveness and product roadmap.
ATSP5 award enables Leonardo DRS to provide advanced engineering to accelerate next-generation electronic systems for the U.S. military.
ARLINGTON, Va.--(BUSINESS WIRE)--
Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has been awarded an engineering solutions contract for the Advanced Technology Support Program V (ATSP5) to support the U.S. military in rapidly fielding emerging technologies. The indefinite-delivery, indefinite-quantity, multiple award contract has a total potential value of more than $25 billion over ten years.
Leonardo DRS is one of thirteen companies awarded this contract, which positions the Company to offer its cutting-edge technologies and advanced engineering expertise to the development of next-generation electronic systems.
“As a company built around rapid delivery of trusted advanced technologies, we are excited and proud to be one of the few awardees of this contract. This is an important contract vehicle that will provide another avenue for customers to swiftly access DRS’s advanced technologies and engineering solutions. We look forward to delivering innovation and capability to our customers in support of their critical missions,” said John Baylouny, President and CEO of Leonardo DRS.
Under the contract, Leonardo DRS can deliver work in critical areas ranging from advanced sensing and computing to integrated mission systems. The contract also positions Leonardo DRS to help customers advance emerging technologies and capabilities, including research and development in quantum computing and nanoelectronics, three-dimensional and other additive manufacturing methods, and submicron engineering to design circuitry at smaller scales.
This IDIQ contract award positions Leonardo DRS to compete for future task orders throughout the contract’s period of performance.
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 statement.
