Leonardo DRS (NASDAQ: DRS) adopts new Code of Ethics and Business Conduct
Rhea-AI Filing Summary
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.
Positive
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Negative
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8-K Event Classification
2 items: 5.05, 9.01
2 items
Item 5.05
Amendments to the Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics
Governance
The company amended or granted a waiver from its code of ethics for senior financial officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Board approval date for new Code: July 15, 2026
Effective date of new Code: July 17, 2026
Par value per common share: $0.01
+1 more
4 metrics
Board approval date for new Code
July 15, 2026
Date the Board of Directors approved and adopted the new Code of Conduct
Effective date of new Code
July 17, 2026
Effective date of the new Code of Ethics and Business Conduct
Par value per common share
$0.01
Par value of Leonardo DRS common stock registered on The Nasdaq Stock Market LLC
Exhibit number for Code text
14.1
Exhibit 14.1 contains the full Code of Ethics and Business Conduct
Key Terms
Code of Ethics and Business Conduct, Nominating and Corporate Governance Committee, emerging growth company, Inline XBRL
4 terms
Code of Ethics and Business Conduct regulatory
"approved and adopted a new Code of Ethics and Business Conduct"
A code of ethics and business conduct is a company’s written rulebook that explains the expected behavior of its leaders and employees, covering honesty, conflicts of interest, legal compliance and fair treatment. For investors it matters because a strong, enforced code helps reduce the risk of fraud, legal fines and reputational damage—much like house rules that keep a shared home orderly and predictable, protecting the value of the investment.
Nominating and Corporate Governance Committee regulatory
"on recommendation of the Nominating and Corporate Governance Committee"
A nominating and corporate governance committee is a group within a company's board of directors responsible for selecting and recommending individuals to serve as company leaders, such as directors or executives. They also develop and oversee policies to ensure the company is run fairly, ethically, and transparently. This committee matters to investors because it helps ensure the company is well-managed and guided by qualified, responsible leadership.
emerging growth company regulatory
"405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934. Emerging growth company"
An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.
Inline XBRL technical
"Cover Page Interactive Data File (embedded within the Inline XBRL document)"
Inline XBRL is a file format for financial filings that embeds machine-readable data tags directly inside the human-readable report, so the same document can be read by people and parsed by software. For investors it makes extracting, comparing and verifying financial numbers faster and more reliable—like a grocery list where each item also has a barcode—reducing manual errors and speeding up analysis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What governance change did Leonardo DRS (DRS) implement in July 2026?
Leonardo DRS implemented a new Code of Ethics and Business Conduct covering all directors, officers, and employees. The Board approved it on July 15, 2026, and it replaces the prior code with updated, streamlined, and clarified provisions.
When does the new Code of Ethics at Leonardo DRS (DRS) take effect?
The new Code of Ethics and Business Conduct at Leonardo DRS becomes effective on July 17, 2026. From that date, it governs all directors, officers, and employees of the company and its subsidiaries, including key executive and financial officers.
Who at Leonardo DRS (DRS) is subject to the new Code of Ethics and Business Conduct?
The new Code applies to all directors, officers and employees of Leonardo DRS and its subsidiaries. This includes the company’s principal executive officer, principal financial officer, and principal accounting officer under the updated ethics and conduct framework.
Did Leonardo DRS (DRS) grant any waivers under the new Code of Ethics?
The company states that adoption of the new Code of Ethics and Business Conduct did not result in any explicit or implicit waiver for any director, officer, or employee from any provision of the prior code of ethics and business conduct.
Where can investors find Leonardo DRS (DRS) new Code of Ethics and Business Conduct?
The full text of the new Code of Ethics and Business Conduct is available in the investor relations governance section of the Leonardo DRS website and is also included as Exhibit 14.1 to the company’s report.
What role did the Nominating and Corporate Governance Committee play at Leonardo DRS (DRS)?
The Nominating and Corporate Governance Committee recommended adoption of the new Code of Ethics and Business Conduct. Following that recommendation, the Board of Directors approved and adopted the updated code on July 15, 2026.