Leonardo DRS updates corporate code of ethics

Leonardo DRS, Inc. adopted a new Code of Ethics and Business Conduct applicable to all directors, officers, and employees, effective July 17, 2026.

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.

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, or 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/17/2026 - 04:15 PM Learn about SEC filing dates

FALSE000183375600018337562026-07-152026-07-15

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

____________________________________

FORM 8-K

____________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 15, 2026

____________________________________

LEONARDO DRS, INC.

(Exact name of registrant as specified in its charter)

____________________________________

Delaware

001-41565

13-2632319

(State of Incorporation)

(Commission File Number)

(IRS Employer Identification Number)

2345 Crystal Drive

Suite 1000

Arlington, Virginia 22202

(Address of principal executive offices)

(703) 416-8000

(Registrant's telephone number, including area code)

____________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of class			Trading Symbol			Name of each exchange on which registered
Common Stock, $0.01 par value			DRS			The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company   ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ☐

Item 5.05 Amendments To The Registrant’S Code Of Ethics, Or Waiver Of A Provision Of The Code Of Ethics

On July 15, 2026, the Board of Directors (the “Board”) of Leonardo DRS, Inc. (the “Company”), on recommendation of the Nominating and Corporate Governance Committee, approved and adopted a new Code of Ethics and Business Conduct (“Code of Conduct”). The Code of Conduct is applicable to all directors, officers and employees of the Company and its subsidiaries, including but not limited to the Company’s principal executive officer, principal financial officer, and principal accounting officer. The new Code of Conduct replaces the Company’s previous Code of Ethics and Business Conduct in its entirety, updating the prior Code of Ethics and Business Conduct to reflect current compliance best practices, streamline and clarify existing provisions, reduce complexity and improve readability, and to make other non-substantive administrative and stylistic enhancements. The adoption by the Board of the new Code of Conduct did not result in any explicit or implicit waiver with respect to any director, officer or employee of the Company from any provision of the prior Code of Ethics and Business Conduct. The new Code of Conduct becomes effective as of July 17, 2026.

The foregoing description of the amendment and restatement of the Code of Conduct does not purport to be complete and is qualified in its entirety by reference to the full text of the Code of Conduct, which is available on the “Investor Relations - Governance” section of the Company’s website at www.leonardodrs.com. The contents of the Company’s website are not incorporated by reference in this Current Report on Form 8-K.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number						Exhibit Description
14.1						Code of Ethics and Business Conduct
104						Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			LEONARDO DRS, INC.
			(Registrant)
Date: July 17, 2026			By:			/s/ Mark A. Dorfman
						Mark A. Dorfman
						Executive Vice President, General Counsel and Secretary

Filing Exhibits & Attachments

4 documents

Other Documents

• EX-14.1 EX-14.1 90.4 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 1.7 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 22.0 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 12.7 KB