Welcome to our dedicated page for Leonardo DRS SEC filings (Ticker: DRS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Leonardo DRS, Inc. (Nasdaq: DRS) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. Leonardo DRS is a defense technology company headquartered in Arlington, Virginia, with common stock registered under Section 12(b) of the Exchange Act and listed on The Nasdaq Stock Market LLC under the symbol DRS.
Through this page, users can review Form 10-K annual reports and Form 10-Q quarterly reports, which describe the company’s two primary segments, Advanced Sensing and Computing and Integrated Mission Systems, along with risk factors, contract information and financial results. Form 8-K current reports document material events such as leadership transitions, board changes, earnings releases and other significant corporate developments, including updates to executive employment agreements and conference call announcements.
Investors interested in ownership and governance details can also look for proxy statements and related filings that discuss board composition and committee responsibilities. In addition, Form 4 insider transaction reports, when available, show purchases and sales of DRS common stock by directors, officers and other insiders.
Stock Titan enhances these filings with AI-powered summaries that highlight key points from lengthy documents, helping readers quickly understand segment performance, major contracts in areas like advanced sensing, network computing, force protection, and electric power and propulsion, and notable changes in leadership or governance. Real-time updates from EDGAR ensure that new Leonardo DRS filings, including earnings-related 8-Ks and other disclosures, are added as they become available, giving users a structured view of the company’s regulatory history and ongoing reporting obligations.
Leonardo DRS, Inc. files its Annual Report describing a mid-sized defense technology business focused on U.S. national security customers and allied forces. The company operates through two segments: Advanced Sensing and Computing, and Integrated Mission Systems, supplying sensing, network computing and naval electric power and propulsion solutions.
About 80% of 2025 revenue came directly or indirectly from U.S. government contracts, heavily concentrated in the Department of War, making federal defense budgets and shutdowns critical to its outlook. Revenue is largely from fixed-price work, with 2025 sales of $3,205 million on firm-fixed price contracts and $443 million on flexibly priced contracts, which exposes the business to cost overrun and inflation risk.
The company reports funded backlog of $4,643 million as of December 31, 2025 and emphasizes long-term Navy shipbuilding and ground systems positions. It highlights extensive regulatory, security clearance, FOCI mitigation and export-control obligations, and details numerous risk factors ranging from government funding changes and audits to supply chain disruptions, cybersecurity, labor, environmental and governance constraints under its proxy agreement with the Department of War.
Leonardo DRS reported another year of solid growth for 2025, with fourth-quarter revenue of $1.06 billion (up 8%) and full-year revenue of $3.648 billion (up 13%). Full-year net earnings reached $278 million, with diluted EPS of $1.03 and Adjusted Diluted EPS of $1.15.
Adjusted EBITDA was $158 million in Q4 and $453 million for the year, both up 7% and 13% respectively, helped by a $100 million, 10‑year quantum laser IP license (net present value $73 million) and partly offset by concluding a legacy foreign ground surveillance program (reducing revenue by $67 million). Bookings were $4.245 billion with a book‑to‑bill of 1.2x, and backlog increased to $8.731 billion. Free cash flow was $227 million, supporting $96 million of dividends and $35 million of share repurchases. For 2026, the company guides revenue to $3.85–$3.95 billion, Adjusted EBITDA to $505–$525 million, and Adjusted Diluted EPS to $1.20–$1.26.
Leonardo DRS, Inc. entered into a new five-year senior unsecured $500 million revolving credit facility with a syndicate of lenders led by JPMorgan Chase Bank. The facility can be drawn over time for working capital and other general corporate purposes, and can be prepaid at any time without penalty.
U.S. subsidiaries guarantee the obligations, and the agreement includes financial covenants such as a maximum total net leverage ratio of 3.75 to 1.00, with a temporary step-up to 4.00 to 1.00 for certain acquisitions, and a minimum net interest coverage ratio of 3.00 to 1.00. At the same time, the company terminated its prior 2022 credit agreement, which had no outstanding borrowings and carried no early termination penalties.
Leonardo DRS, Inc. executive Jason Rinsky, EVP Chief Tax and Treasury, reported his equity holdings in a Form 3 insider filing. He directly owns 12,315 shares of common stock and three blocks of restricted stock units covering 8,367, 7,590, and 5,375 shares of common stock.
These RSUs were granted under the company’s 2022 Omnibus Equity Compensation Plan and each unit represents the right to receive one share of common stock or its cash equivalent. The awards vest in stages between April 1, 2026 and April 1, 2028, conditioned on continued employment.
Leonardo DRS EVP and Chief Operating Officer Sally Wallace reported selling 1,300 shares of Leonardo DRS, Inc. common stock at $35.17 per share on January 5, 2026. After this sale, she reports beneficial ownership of 58,353 shares held directly. The transaction was executed under a pre-established Rule 10b5-1 trading plan that she adopted on August 6, 2025.
Leonardo DRS, Inc. executive Mark Dorfman, EVP, GC and Secretary, reported a planned stock sale. On 01/05/2026 he sold 7,680 shares of Leonardo DRS common stock at a price of $37 per share, leaving him with 27,680 shares beneficially owned after the transaction.
The filing notes that these sales were effected under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2025, indicating the trades were scheduled in advance rather than made on an ad hoc basis.
Leonardo DRS, Inc. executive vice president and chief financial officer Michael Dippold reported selling 10,588 shares of common stock on January 5, 2026 at $37 per share. After this transaction, he directly held 42,952 shares of Leonardo DRS common stock. The filing notes that these sales were carried out under a pre-arranged Rule 10b5-1 trading plan adopted by the reporting person on June 13, 2025, which is designed to allow insiders to sell shares according to a preset schedule.
Leonardo DRS, Inc. filed an Amendment No. 1 to its quarterly report for the period ended September 30, 2025 to add information that was inadvertently omitted about an executive stock trading plan. The amendment updates the section on securities trading plans to disclose that Executive Vice President Operations Sally A. Wallace adopted a Rule 10b5-1 trading arrangement on August 6, 2025 covering up to 38,987 shares of common stock, with a scheduled expiration date of October 30, 2026. As of October 28, 2025, the company had 266,026,725 shares of common stock outstanding. The company states that no financial statements or other disclosures from the original quarterly report are being changed by this amendment.
Leonardo DRS received a notice under Rule 144 for a planned sale of restricted stock. An affiliated holder plans to sell 1,300 shares of common stock through Fidelity Brokerage Services LLC on the NASDAQ, with an aggregate market value of $45,721.00.
The shares were acquired on 11/29/2024 through restricted stock vesting as compensation from the issuer. The notice lists 266,026,725 common shares outstanding for the issuer and indicates an approximate sale date of 01/05/2026.
Leonardo DRS (DRS) reported an insider transaction by a director. On 11/13/2025, the reporting person disposed of 2,600 shares of common stock as a gift (transaction code G) at $0 per share. Following this transaction, the reporting person beneficially owns 27,720 shares, held directly. The filing was made by one reporting person.