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.
Leonardo DRS filings document a Nasdaq-listed defense technology company with common stock outstanding and operations in advanced sensing, network computing, force protection, and electric power and propulsion. Form 8-K reports furnish quarterly and annual operating results, financial outlook materials, cash dividends, bookings and funded backlog information, and credit-facility agreements used for working capital and general corporate purposes.
Proxy and governance filings cover director elections, executive compensation, board committee assignments, and proxy holder director arrangements tied to government security requirements. The filing record also includes leadership succession disclosures, material agreements, Regulation FD presentations, and governance and control matters relevant to its defense contractor ownership structure.
Leonardo DRS, Inc. executive Jason Rinsky, EVP Chief Tax and Treasury, reported selling 3,864 shares of common stock on 2026-08-04 at $45.81 per share. The transaction was effected under a Rule 10b5-1 trading plan adopted on March 4, 2026, leaving him with 23,581 shares held directly.
Leonardo DRS shareholder Jason Rinsky filed to sell 3,864 shares of common stock through Fidelity Brokerage Services LLC on or about August 4, 2026 on NASDAQ. These shares arose from restricted stock vesting on March 15, 2025, categorized as compensation. The filing also lists prior sales of 3,865 shares of common stock on June 3, 2026 for $181,152.55 and another 3,865 shares on July 7, 2026 for $175,355.05.
Leonardo DRS, Inc. reported strong results for the quarter ended June 30, 2026. Revenue grew to $913 million from $829 million and net earnings rose to $86 million from $54 million, lifting diluted EPS to $0.32 from $0.20 as gross margin expanded to 26.0%.
Growth was driven by both Advanced Sensing and Computing and Integrated Mission Systems, supported by favorable program mix, better execution and net positive estimate-at-completion adjustments. Backlog increased to $8,787 million with Q2 bookings of $1,085 million, indicating continued demand, particularly in electric power and propulsion and force protection programs.
Cash from operations improved but remained an outflow of $31 million for the first half, as working capital absorbed cash. The company repaid its $191 million term loan, ending the period with $149 million of total debt, $270 million of cash and an undrawn $500 million revolving credit facility. It also announced a $450 million agreement to acquire Raft LLC, to be funded with cash and revolver borrowings.
Leonardo DRS, Inc. reported second quarter 2026 revenue of $913 million, up 10% year-over-year, and net earnings of $86 million, up 59%. Diluted EPS was $0.32 and Adjusted Diluted EPS $0.35, rising 60% and 52% respectively, driven by higher volumes, favorable mix and lower interest and tax expense.
Adjusted EBITDA increased to $128 million, with margin improving to 14.0%. Bookings were $1.1 billion, giving a book-to-bill of 1.2x, and funded backlog reached a record $5.1 billion, 17% higher year-over-year. Operating cash flow was $35 million and Free Cash Flow $6 million, both higher than a year earlier.
The company ended the quarter with $270 million of cash and long-term debt of $139 million, down from $321 million at year-end. Management raised 2026 guidance for Adjusted EBITDA to $525–$540 million and Adjusted Diluted EPS to $1.34–$1.39, maintained revenue guidance, declared a $0.09 per share dividend, repurchased shares, and announced a pending $450 million acquisition of Raft to expand AI, data fusion and mission software capabilities.
Leonardo DRS, Inc. entered into a definitive agreement to acquire Raft LLC in an all-cash transaction valued at $450 million, expanding its multi-domain AI, data fusion and mission software capabilities for national security customers.
Raft, founded in 2018 and headquartered in McLean, Virginia, provides open-architecture mission software specializing in multi-domain data fusion and artificial intelligence to support real-time situational awareness and faster operational decision-making. The acquisition aligns with Leonardo DRS’s strategy to deliver integrated, mission-focused technologies by pairing its sensing and network computing franchises with Raft’s software to turn sensor data into actionable decision advantage and reduce operators’ cognitive burden. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the fourth quarter of 2026. Leonardo DRS expects to fund the purchase through cash on hand and borrowings under its revolving credit facility and to realize a tax benefit over the next 15 years with a present value of approximately $50 million. The deal is expected to be accretive to Adjusted Diluted Earnings Per Share in the first full year of ownership.
Leonardo DRS, Inc. adopted a new Code of Ethics and Business Conduct applicable to all directors, officers, and employees, effective July 17, 2026.
The Board approved the new Code on July 15, 2026, replacing the prior code to reflect current compliance best practices, streamline and clarify provisions, and make non-substantive administrative and stylistic updates. The adoption did not involve any waiver for any director, officer, or employee, and the full Code is available in the investor relations governance section of the company website and as Exhibit 14.1.
Leonardo DRS, Inc. executive vice president and Chief Tax and Treasury Officer Jason Rinsky sold 3,865 shares of common stock in an open-market transaction at a price of $45.37 per share. The transaction reflects a discretionary sale of existing shares.
After the sale, Rinsky directly holds 27,445 shares of Leonardo DRS common stock. The filing notes that this sale was carried out under a pre-arranged Rule 10b5-1 trading plan adopted on March 4, 2026, indicating the timing was set in advance.
Director-affiliated sale notice filed under Rule 144 for Common Stock. The filing lists 3,865 shares of Common Stock associated with a Restricted Stock Vesting event dated 03/15/2025. The record shows dollar entries of $175,355.05 and $181,152.55 alongside the share count; timing and cash-flow recipients are not detailed.
Leonardo DRS, Inc. director Frances F. Townsend exercised restricted stock units into common shares as part of her equity compensation. On June 30, 2026, 1,006 RSUs converted into 1,006 shares of common stock, with no open-market sale reported. Following the transaction, she directly holds 35,888 common shares and 2,013 RSUs.
The RSUs were granted on April 1, 2026 under the company’s 2022 Omnibus Equity Compensation Plan and vest quarterly. Vesting occurred on April 1 and June 30, 2026, with additional vesting scheduled for September 30 and December 31, 2026, conditioned on continued board service.
Leonardo DRS, Inc. President and CEO John Baylouny reported an open-market sale of 36,471 shares of Common Stock on June 18, 2026 at a weighted average price of $45.67 per share.
The trade was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 19, 2026. Following the sale, Baylouny directly holds 122,435 shares of Leonardo DRS common stock.