Leonardo DRS develops and manufactures advanced defense technologies for U.S. national security customers and allied forces across land, air, sea, space and cyber domains. News from DRS commonly covers quarterly results, funded bookings, backlog, program execution and demand across tactical radars, infrared and RF sensing, network computing, force protection, and electric power and propulsion.
Company updates also include product and capability launches such as rugged shipboard power systems, maritime counter-UAS packages, and open-architecture embedded computing for tactical platforms, along with defense contract vehicles, research-and-development activity, board changes and other governance developments.
Leonardo DRS (Nasdaq: DRS) reported third-quarter 2025 results for the period ended September 30, 2025, with revenue of $960 million (up 18% year‑over‑year) and net earnings of $72 million (up 26% YoY). The company posted Adjusted EBITDA of $117 million (up 17% YoY) and Adjusted Diluted EPS of $0.29 (up 21% YoY). Bookings were $1.307 billion, producing a book-to-bill of 1.4x, and backlog rose to $8.909 billion (up 8% YoY).
Cash flow from operations was $107 million and free cash flow was $77 million. The board declared a $0.09 per share cash dividend payable December 2, 2025. DRS updated 2025 guidance to revenue of $3,550M–$3,600M and adjusted diluted EPS of $1.07–$1.12, and noted a tax‑rate outlook of 18%.
Leonardo DRS (NASDAQ: DRS) announced an award from the U.S. Army to develop prototype Vehicle Integrated Power Kits (VIPKs) that export on-demand electrical power from tactical vehicles.
The kits will be built around the company's On-Board Vehicle Power (OBVP) / TITAN solution, which can generate up to 120 kW from a vehicle drivetrain to power communications, electronic warfare, counter‑UAS systems, mobile command and control, radar, directed energy weapons, and expeditionary microgrids while moving or stationary.
The program focuses on prototype development to scale battlefield power infrastructure and underscores Leonardo DRS's experience in rugged integrated power and propulsion systems for U.S. military customers.
Leonardo DRS (NYSE:DRS) and KNDS signed a strategic teaming agreement to offer the combat-proven CAESAR® Self-Propelled Howitzer to the U.S. Army, announced October 13, 2025.
The team will have Leonardo DRS as prime contractor for platform integration and KNDS supplying the mobile artillery system and ammunition, positioning CAESAR® as a longer-range, highly mobile, rapid-firing solution that the companies say addresses U.S. Army needs for range, mobility, precision, and rapid worldwide deployment.
KNDS noted CAESAR®’s 52-caliber ordnance has an extensive combat firing record and that roughly 120 systems are deployed in Ukraine, which they say informs system maturity and integration onto a U.S. tactical truck.
Leonardo DRS (NASDAQ: DRS) on October 12, 2025 launched SAGEcore, a ruggedized AI software platform for real-time threat detection and decision support at the tactical edge.
SAGEcore fuses multiple sensor feeds (radar, infrared, intelligence broadcasts) and runs AI/ML on ruggedized edge GPUs to reduce latency, enable multi-target tracking, support counter-UAS, electronic warfare and autonomy, and operate when disconnected from networks. Built-in features include SOSA-compatible data fusion, high-assurance encryption, cross-domain capability, and PACE communications. The platform is designed for vehicles, airborne, maritime and space systems and is intended for rapid integration via OTAs and traditional acquisition pathways.
Leonardo DRS (NASDAQ: DRS) will mark its seventh year of supporting the “Stick It to Cancer” fundraiser during the 2025 AUSA Annual Meeting & Exposition in Washington, D.C., recognizing Breast Cancer Awareness Month.
The company is partnering again with The Henry M. Jackson Foundation to benefit the Look Good Feel Better program and Murtha Cancer Center Research Program. At Hall A, Booth #703 on October 14, attendees can place a breast-cancer awareness sticker on a Wall of Heroes; Leonardo DRS will donate $5 per sticker up to $20,000. Special edition Defense News with a sticker will be available October 13.
Leonardo DRS (NASDAQ: DRS) won first place in a Department of Defense counter‑drone competition on October 9, 2025 by demonstrating its Ring C‑UxS electronic warfare system.
The Ring system uses radio‑frequency (RF) detection, GNSS techniques, and RF datalink manipulation to detect, identify, and defeat small UAS (Groups 1–3) from air, land, or sea. Leonardo DRS and partner Regulus excelled in dismounted detect‑identify‑track‑defeat scenarios during a JCO demonstration intended to inform DoD requirements. The company noted the technology has been deployed across multiple platforms and operational theaters, and emphasized its role as prime contractor/integrator on MLIDS and provider of the M‑SHORAD Mission Equipment Package.
Hoverfly Technologies (DRS) closed a $20 million Series B on October 8, 2025, led by existing investor Leonardo DRS with $15 million and new investor Korea Robot Manufacturing (KRM) with $5 million. The round is the company's largest to date and includes a manufacturing agreement with DRS to expand production of the Hoverfly Sentry and a new line for the Hoverfly Spectre.
KRM will be exclusive manufacturer of key components, establish a U.S. production facility, and serve as a reseller alongside DRS. Hoverfly has sold over 800 tethered drones and promotes its NEXUS BVLOS networking capability adopted in concept by the U.S. Army.
Leonardo DRS (Nasdaq: DRS) revised the start time for its Q3 2025 earnings conference call to 9:30 a.m. ET on Wednesday, October 29, 2025. The company will issue its quarterly earnings press release prior to the call. A live audio webcast, press release, and supplemental materials will be available on the company's investor relations website. Participants must register online to attend the call or webcast. A replay will be posted approximately two hours after the call and will remain available for 90 days on the investor site.
Leonardo DRS (NASDAQ: DRS) has announced its upcoming third quarter 2025 earnings conference call, scheduled for Wednesday, October 29, 2025, at 10:00 a.m. ET. The company will release its Q3 2025 earnings report before the conference call.
Investors and analysts can participate in the conference call by registering through the company's investor relations website. The event will include a live audio broadcast along with supplemental materials. A replay of the call will be accessible on the company's website for 90 days following the event.
Leonardo DRS (NASDAQ: DRS) has launched its new AI-enabled Rugged Smart Display - Ground (RSD-G) product line for military ground combat vehicles. The next-generation tactical computing systems feature Intel Core i7 extended temperature processors with embedded AI capabilities, offering enhanced performance and battlefield responsiveness.
The RSD-G systems come in four display sizes and integrate multiple vehicle sensor data into a comprehensive view, enabling faster decision-making in combat scenarios. The systems align with Leonardo DRS's strategic focus on network computing and C5I technologies, supporting the U.S. military, U.K. Ministry of Defense, and allied forces.