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. EVP and CFO Michael Dippold sold 14,317 shares of common stock at $37.91 per share on November 2, 2026. The sale was effected pursuant to a Rule 10b5-1 trading plan adopted on March 9, 2026. He reported direct holdings of 20,826 shares following the transaction.
Leonardo DRS, Inc. officer Michael Dippold reported a proposed sale of 14,317 common shares, with an aggregate market value of $542,757.47 and an approximate sale date of November 2, 2026. The notice lists Fidelity Brokerage Services LLC as broker and NASDAQ as the exchange. The shares are listed as acquired through restricted stock vesting on April 1, 2026. The notice also reports prior sales by Michael Dippold of 20,317 shares on September 2, 2026, for $755,464.05.
Leonardo DRS, Inc. (DRS) reported third-quarter and nine-month results for periods ended September 30, 2026. Third-quarter revenue was $1,066 million, up 11.0% from $960 million, and net earnings were $115 million, up 59.7% from $72 million; diluted EPS was $0.43 versus $0.26. Nine-month revenue was $2,825 million and net earnings were $263 million, compared with $2,588 million and $176 million.
Operating earnings were $116 million for the quarter and $295 million for nine months. Backlog was $9,381 million as of September 30, 2026, including $5,640 million funded and $3,741 million unfunded. Remaining performance obligations were $9,381 million; approximately 40% is expected to be recognized as revenue over the next twelve months. Nine-month operating cash flow was $65 million, versus cash used of $59 million in 2025. Cash and equivalents were $294 million as of September 30, 2026, versus $647 million as of December 31, 2025.
DRS has a definitive agreement to acquire Raft LLC for $450 million and expects to fund the acquisition with cash on hand and borrowings under its 2026 Revolving Credit Facility. The transaction is subject to customary closing conditions and regulatory approvals and is expected to close in the fourth quarter of 2026.
Leonardo DRS, Inc. reported third-quarter 2026 revenue of $1.066 billion, up 11% year over year, and net earnings of $115 million, up 60%. Adjusted EBITDA was $149 million, up 27%; diluted EPS was $0.43, up 65%; and Adjusted Diluted EPS was $0.46, up 59%. Advanced Sensing and Computing revenue was $659 million, up 14%, and Integrated Mission Systems revenue was $428 million, up 12%.
Bookings were $1.639 billion, with a 1.5x book-to-bill ratio; funded backlog reached $5.640 billion, up 21%. The company raised 2026 guidance to revenue of $3,950 million–$3,985 million, Adjusted EBITDA of $545 million–$555 million, and Adjusted Diluted EPS of $1.50–$1.53. Guidance excludes the pending acquisition of Raft LLC.
Quarterly operating cash flow was $96 million and free cash flow was $61 million, both lower than the prior-year quarter. The company attributed the decrease to higher cash used to fund working capital, partially offset by increased earnings. The board declared a $0.09-per-share cash dividend payable November 25, 2026, to stockholders of record November 12, 2026. Leonardo DRS repurchased 288,633 shares for approximately $12 million during the quarter.
Leonardo DRS, Inc. director Frances F. Townsend had 1,006 restricted stock units vest on September 30, 2026, receiving 1,006 shares of common stock. After the transactions, she directly held 1,007 restricted stock units and 36,894 shares of common stock. The RSUs were granted April 1, 2026, under the 2022 Omnibus Equity Compensation Plan.
Leonardo DRS, Inc. (DRS) director Kenneth J. Krieg reported a bona fide gift of 3,700 shares of common stock on September 9, 2026. The shares were disposed of at a reported price of $0.00 per share, and he now directly holds 27,576 shares following the transaction. No Rule 10b5-1 trading plan is reported.
Leonardo DRS, Inc. (DRS) reported that executive vice president, general counsel and secretary Mark Dorfman sold 7,471 shares of common stock on September 4, 2026 at $37.01 per share, in an open-market or private transaction. Following this sale, he directly holds 29,271 shares. The sale was made under a Rule 10b5-1 trading plan adopted on March 6, 2026, indicating the trades were pre-arranged.
Leonardo DRS, Inc. (DRS) is the issuer of common stock that Mark Dorfman, an officer, has filed a notice to potentially sell under Rule 144. The filing covers 7,471 shares of common stock held at Fidelity Brokerage Services LLC, with an aggregate market value of $276,501.71 as of the stated sale date.
The shares relate to vested restricted stock awards of 4,267 shares dated April 1, 2024 and 3,204 shares dated November 29, 2024, both described as compensation from the issuer. The notice also reports that in the past three months, Dorfman sold 5,536 shares of Leonardo DRS common stock for proceeds of $253,272.00.
Leonardo DRS, Inc. (DRS) reported that its EVP and CFO, Michael Dippold, sold 20,317 shares of common stock on September 2, 2026, in an open‑market or private transaction at a weighted average price of $37.18 per share. The sales were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on March 9, 2026. Following this transaction, he directly holds 35,143 shares of Leonardo DRS common stock.
Leonardo DRS, Inc. (DRS) has a notice of proposed sale of securities filed for the account of officer Michael Dippold under Rule 144. The notice covers up to 20,317 shares of common stock held at Fidelity Brokerage Services LLC, with an aggregate market value listed as $765,950.90 as of the filing. The shares derive from restricted stock awards that vested on April 1, 2024, November 29, 2024, and April 1, 2026. The form also reports that 8,318 common shares were sold during the prior three months for total proceeds of $386,620.64.