Here are the DEF 14A proxy statements from Leonardo DRS, Inc. (DRS) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A DEF 14A covers the proxy statement, with executive pay and the shareholder votes, so if you follow DRS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DRS filings page.
Leonardo DRS, Inc. is asking stockholders to elect nine directors, approve executive pay on an advisory basis, and ratify Ernst & Young as auditor at its virtual 2026 annual meeting. The company also highlights a planned leadership transition, with William J. Lynn III retiring as Chairman and CEO at the end of 2025 and John A. Baylouny becoming President and CEO and joining the Board on January 1, 2026, while Frances F. Townsend becomes Board Chair.
The proxy describes strong 2025 performance, including a 13% year-over-year revenue increase, $4.2 billion in bookings, a 1.2x book‑to‑bill ratio, $8.4 billion in backlog, 12.4% adjusted EBITDA margin, 19% free cash flow growth to $227 million, and 24% growth in adjusted diluted EPS to $1.15. Executive compensation is positioned as pay‑for‑performance, with most value in variable and equity incentives tied to adjusted EBITDA, free cash flow, bookings, revenue, and long‑term stock performance.