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. (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.
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.