Společnost Leonardo DRS získala desetiletou hlavní smlouvu v programu NASA SEWP VI, která federálním agenturám umožní pořizovat její produkty a služby až do roku 2036.
ARLINGTON, Va., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) has been awarded a 10-year prime contract under NASA’s Solutions for Enterprise-Wide Procurement (SEWP) VI Program. The government-wide acquisition contract (GWAC) vehicle gives federal agencies a proven and streamlined path to rapidly procure approved Leonardo DRS products and services through 2036.
NASA administers the government-wide SEWP acquisition contract. The award extends DRS's role as a SEWP prime contractor, a position the company has held since 2015. The DRS award covers a broad range of the company’s products and services. DRS currently lists 368 contract line items representing vetted approved products, parts and services from multiple business units in its SEWP V catalog. These offerings are expected to transition to the SEWP VI contract, subject to final program requirements.
Recent task orders have supported the U.S. Army, Navy, Air Force, Army Communications-Electronics Command, the Defense Logistics Agency (DLA) and Foreign Military Sales (FMS). Government agencies have already procured more than $110 million in DRS products and services through SEWP V. NASA documented an “Excellent” performance rating for DRS in January 2026.
DRS is not a traditional reseller. DRS focuses on providing its own products directly to US Government customers via SEWP, complemented by commercial off-the-shelf offerings available through teaming relationships with stocking distributors. The ten-year SEWP VI ordering period opens Nov. 1, 2026, through October 31, 2036. All SEWP VI awards are indefinite-delivery/indefinite-quantity contracts with the ability to issue firm-fixed-price, labor-hour, time-and-materials and other pricing-arrangement task orders. The current SEWP V contract will continue to be administered through April 30, 2027.
"This award recognizes a decade of proven performance, and directly benefits to our current and future customers," said Denny Crumley, senior vice president and general manager of the DRS Land Electronics business unit. "In today's dynamic environment, our customers need more contracting options and faster paths to buy and field trusted capability. This award preserves a rapid, low-cost procurement path for the next decade. We are proud of the team that earned it and DRS is committed to delivering for every customer who uses it."
The SEWP contract provides streamlined access to commercial products and services, including hardware, software, cloud services, cybersecurity tools, engineering and consulting services, and data-intensive mission support. SEWP VI areas of focus include: information technology, computing, software, navigation, communications and power technologies. The program also introduces stand-alone services, giving agencies greater flexibility to acquire solutions that address mission and program requirements.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
ARLINGTON, Va., Oct. 14, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has been awarded a $500 million ceiling indefinite-delivery/indefinite-quantity (IDIQ) contract with three-year period of performance from the Joint Interagency Task Force 401 (JIATF-401). The award positions DRS to support JIATF-401 mission needs through the rapid fielding of operationally relevant capabilities.
The JIATF-401 IDIQ is designed to increase speed and agility in delivering vetted Counter UAS (C-UAS) technologies and systems to operators. Under this contract, DRS will be eligible to compete for task orders that enable the rapid delivery of integrated C-UAS sensing capabilities supporting force protection and low-altitude air defense missions.
“Today’s threat environment is evolving faster than ever, and our customers need proven capabilities delivered at operational speed. This JIATF IDIQ positions DRS to accelerate the delivery of integrated C-UAS sensing technologies through rapid fielding of operationally relevant capabilities that help protect forces and strengthen low-altitude air defense as new threats emerge,” said John Baylouny, president and chief executive officer of Leonardo DRS.
“Our counter UAS and air defense radars have demonstrated proven detection, tracking, and force protection performance in operational environments,” said Max Cohen, senior vice president, general manager at Leonardo DRS RADA Technologies business unit. “We design, manufacture, and deliver combat-proven sensing systems at speed, and we’re ready now to support JIATF with mission-ready expeditionary radar capability that can be fielded rapidly as operational needs for C-UAS evolve.”
DRS manufacturers combat-proven radar and sensing solutions that support mission sets including counter-UAS, counter-rocket, artillery, and mortar, and short-range air defense, helping to provide persistent situational awareness and threat tracking for deployed forces. Backed by deep mission expertise and rapid design and manufacturing capabilities, the team supports customers from concept through production and sustainment to meet evolving threats with speed, scale, and reliability.
This IDIQ contract award positions DRS to compete for future task orders throughout the contract’s period of performance.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS získala kontrakt od americké armády na podporu iniciativy DUTCH a představí nechlazené termokamerové moduly s vysokým rozlišením a vysokou snímkovou frekvencí.
ARLINGTON, Va., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has been awarded a contract by the U.S. Army Combat Capabilities Development Command, or DEVCOM, C5ISR Center to support the Delivering Unmatched Thermal Capability Hastened, or DUTCH, initiative.
Supported by the Office of the Assistant Secretary of War for Critical Technologies, the DUTCH initiative is focused on accelerating the development and transition of next-generation uncooled thermal infrared (IR) sensing capabilities for defense applications. The initiative is intended to advance high-performance, affordable thermal-imaging technology that can support rapid integration across a broad range of platforms and operational environments.
Under the award, DRS will demonstrate high-definition, high-frame-rate uncooled thermal camera cores engineered to deliver advanced sensitivity, image quality and responsiveness. Potential applications include unmanned aerial systems (UAS), counter-UAS, missile and rocket seekers, weapon sights, night-vision systems, ground-vehicle sensing and targeting, unmanned surface vessels and other emerging applications.
“DRS is committed to meeting the rapidly growing demand for high-performance thermal imaging solutions across the defense enterprise,” said Jerry Hathaway, senior vice president and general manager of Leonardo DRS Electro-Optical and Infrared Systems business unit. “Our selection for the DUTCH initiative reflects the depth of our uncooled IR technology portfolio, our understanding of operational needs and our ability to transition advanced sensing capabilities into scalable production.”
DRS has established experience in uncooled IR sensing through sustained investment in advanced detector, camera-core and system technologies. The company’s portfolio is designed to provide thermal-imaging performance, size, weight, power and cost, or SWaP-C, advantages for crewed and uncrewed platforms, as well as fixed and mobile systems.
The company is also expanding its capacity and resiliency to support increased demand for thermal sensing products. DRS maintains dual-site camera assembly and test facilities in Dallas, Texas, and Melbourne, Florida, and continues to broaden its supply base across key components. This production approach is designed to strengthen supply-chain continuity and support scalable delivery of mission-ready IR sensing products.
“Today’s operational environment requires thermal-sensing solutions that can be produced at scale, integrated efficiently and perform reliably in the most challenging conditions,” Hathaway added. “DRS is investing in the technology, manufacturing capacity and supply-chain resilience necessary to remain a trusted, go-to provider of high-performance, cost-effective IR sensing solutions for the warfighter.”
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS Media Contact
Charles Jones
Director, Marketing and Corporate Communications
+1 571-737-8800 [email protected]
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d04e06ef-945f-4c94-bff9-5577dd222f7b
Photo: Thermal imagery captured with a Leonardo DRS uncooled infrared camera core Under the U.S. Army’s DUTCH initiative, Leonardo DRS will demonstrate high-definition, high-frame-ra...
ARLINGTON, Va., Oct. 13, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has received a $63 million production order from the U.S. Army for its next-generation Family of Weapon Sights – Individual, or FWS-I, thermal weapon sight system. The order was placed under the Army’s existing indefinite-delivery/indefinite-quantity, or IDIQ, contract for advanced, battlefield-proven, thermal weapon sight systems supporting dismounted soldiers.
FWS-I is a lightweight, uncooled thermal imaging system designed to wirelessly integrate with solider-worn vision devices, including the Enhanced Night Vision Goggle–Binocular, or ENVG-B, and the Integrated Visual Augmentation System, or IVAS. This wireless connection allows soldiers to view thermal imagery from the weapon sight through their helmet-mounted display, enabling rapid target acquisition without needing to shoulder the weapon. Maintaining situational awareness provides a critical advantage in complex, high-threat environments.
“Modernization at the tactical edge depends on giving soldiers the information they need without adding unnecessary complexity,” said John Baylouny, president and chief executive officer of Leonardo DRS. “The FWS-I production order reflects the Army’s continued focus on advanced sensing, connected soldier systems and mission-ready capability. DRS is proud to support that mission by delivering practical technologies designed to help soldiers detect threats, make decisions faster and Own the Edge™.”
As adversaries employ more sophisticated concealment techniques and operate in low-visibility conditions, thermal weapon sights can help soldiers identify and assess potential threats across a range of operational environments, including urban terrain, dense foliage, smoke, fog and darkness. at close and extended ranges. FWS-I uses thermal imaging to help soldiers detect heat signatures in conditions where camouflage, lighting, or weather may reduce the effectiveness of traditional visual observation.
“This cutting-edge technology ensures soldiers will have the most advanced weapon sight systems on the battlefield today,” said Jerry Hathaway, senior vice president and general manager of Leonardo DRS Electro-Optical Infrared Systems. “FWS-I combines advanced uncooled thermal imaging with soldier-worn display integration to help improve target acquisition and situational awareness for dismounted soldiers. We are proud the U.S. Army continues to trust DRS to deliver this vital capability that enhances survivability and effectiveness in multi-domain operations.”
FWS-I features uncooled infrared technology designed to provide rugged thermal imaging performance without the need of cryogenic cooling. Its clip-on design provides flexibility for use across multiple weapon platforms. The wireless link to soldier-worn systems ensures speed, accuracy, and situational awareness without compromising mobility.
The award builds on DRS’s long-standing relationship with the U.S. Army and its experience in electro-optical and infrared, or EO/IR technologies. In addition to FWS-I, DRS provides a broad range of EO/IR technologies supporting mounted and unmounted operations, airborne platforms, and aircraft survivability.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS dokončila dodávku termovizních zaměřovačů INOD Block III a výcvik v jejich používání pro australskou armádu v rámci programu LAND 159 Tranche 1.
Final delivery and training under LAND 159 Tranche 1 supports Australian Army sniper capability | Source: Leonardo DRS, Inc.
ARLINGTON, Va., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) has completed final training and delivery for the Improved Night/Day Observation Device (INOD) Block III thermal weapon sights provided to the Australian Army under the LAND 159 Tranche 1 program.
The INOD Block III is a clip-on thermal weapon sight designed to help snipers and special operations forces detect, identify and engage targets in low-light and degraded visual conditions, including darkness, smoke, haze and adverse weather. Mounted in front of an existing direct-view optic, the system is designed to preserve the operator’s zeroed scope and is compatible with magnifications from 5x to greater than 25x.
“Completing delivery and training for the Australian Army is an important milestone for our team,” said Jerry Hathaway, senior vice president and general manager of Leonardo DRS Electro-Optical and Infrared Systems business unit. “The INOD Block III provides a thermal sighting capability intended to support sniper operations in demanding conditions, and the training helps ensure personnel are prepared to operate and maintain the system.”
The sight uses a micro-cooled, 640-by-480 mid-wave infrared focal plane array to provide thermal imagery and target discrimination in conditions that can limit conventional optics.
Designed for sustained field use, the system uses lithium batteries with hot-swap capability, allowing battery changes without interrupting operation. The sight can also use external power for extended static-surveillance tasks. A rear-facing focus knob, wired remote control and glove-compatible, one-handed operation support use in field conditions.
For the Australian Army, the LAND 159 Tranche 1 acquisition represents a step-change in long-range lethality. Australian snipers will now carry the same generation of thermal sight currently fielded with U.S. Army Special Operations Forces, strengthening interoperability with Australia’s primary alliance partner across joint and coalition operations. Beyond the hardware, DRS provided hands-on training to Australian Army personnel to support operation and maintenance of the systems. The company is a provider of individual weapon sights and thermal targeting systems to the U.S. Army. The INOD family is part of DRS’s thermal sighting portfolio, which also includes the Family of Weapon Sights program.
Australian defense company NIOA is the prime contractor for LAND 159 Tranche 1 and managed local program coordination and delivery logistics on behalf of the Australian Army.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS založila DRS UK a spustila místní výrobu taktických radarů ve Spojeném království. Cílí na podporu poptávky po proti-UAS, protivzdušné obraně a aktivní ochraně.
New DRS UK capability will support growing demand for counter-UAS, air defence and active protection system applications | Source: Leonardo DRS, Inc.
ARLINGTON, Va., Oct. 05, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced the establishment of DRS UK, a new subsidiary created to support the company’s business in the United Kingdom, along with the launch of local production of tactical radars in the UK.
The newly purpose-built production site expands DRS’s manufacturing footprint and creates a dedicated local presence to support UK defence customers, industry partners and system integrators. The company said the investment is intended to strengthen long-term support for UK programmes and provide greater flexibility to meet evolving operational requirements.
DRS tactical radars are designed to detect, track and classify a wide range of airborne and ground threats, including unmanned aircraft systems (UAS) and rockets, artillery and mortars (RAM). The radars support counter-UAS, air defence, force protection and active protection system applications.
DRS said more than 10,000 radar panels have been deployed worldwide with operational service with the United States Armed Forces, NATO allies and other international customers.
“Establishing DRS UK and launching a full local tactical radar capability, strengthens our ability to support customers and partners with the proximity, responsiveness and manufacturing capacity needed to meet evolving operational requirements,” said John Baylouny, president and chief executive officer of Leonardo DRS. “This investment enables closer collaboration with UK industry partners and integrators to deliver counter-UAS, air defence and force protection capabilities that help protect the warfighter.”
“Our investment in UK-based manufacturing for advanced sensing technologies reinforces the industrial capability, supply chain resilience and skilled workforce needed to support critical defence priorities,” said Max Cohen, senior vice president and general manager overseeing DRS’s tactical radar portfolio. “By establishing this local capacity, we are creating high-value engineering and manufacturing opportunities while positioning DRS UK to support future export growth and deliver greater value to customers across the UK and Europe.”
The UK operation will serve as a strategic hub for DRS’s tactical radar business in the UK and Europe, the company said.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS uzavřela smlouvu s Doosan Enerbility na dodávku elektrického pohonného systému pro program torpédoborců KDDX jihokorejského námořnictva. Program má zahrnovat nejméně šest lodí.
ARLINGTON, Va., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has entered into a contract with Doosan Enerbility to provide the electric propulsion system for the Republic of Korea Navy's KDDX destroyer program, the lead ship of which is being built by Hanwha Ocean. KDDX is a next-generation guided-missile destroyer, considered a cornerstone of South Korea’s future naval fleet requirements. The program is expected to deliver at least six destroyers and represents South Korea’s first indigenously designed and built destroyer program.
Under the award, DRS will supply an integrated electric power and propulsion solution featuring its power-dense 100-Series permanent magnet propulsion motors and matched high-performance, compact variable frequency drives. The system is designed to provide efficient, reliable propulsion in a compact configuration for next-generation naval platforms
Doosan Enerbility and DRS will collaborate on the destroyer’s integrated power and propulsion system, which includes electrical and mechanical equipment extending from the prime movers to the propellers.
The KDDX program is expected to introduce the Republic of Korea Navy's first full-electric-drive surface combatants, as part of a planned class of next-generation destroyers designed to meet the demanding multi-mission requirements of a modern blue-water fleet. As navies worldwide move toward integrated electric propulsion to support advanced sensors, weapons and mission systems, the KDDX program represents a significant milestone in the adoption of full electric drive for front-line surface combatants.
“Modern naval platforms require electric power and propulsion systems that can meet current operational demands while providing the flexibility to support future mission needs,” said John Baylouny, president and chief executive officer of Leonardo DRS. “Our advanced electric-propulsion technologies are designed to deliver the power capacity, efficiency, reliability and adaptability required for advanced radars, advanced EW systems, directed energy systems, the charging of unmanned vehicles, the launch of drone swarms and other increasingly power-intensive mission capabilities.”
“DRS is proud to support the Republic of Korea Navy’s KDDX destroyer program with proven electric propulsion technology,” said Jon Miller, senior vice president and general manager of Naval Power Systems at Leonardo DRS. “For more than a decade our systems have supported Republic of Korea Navy FFX II/III/IV frigates, and we have demonstrated the ability to scale our electric-propulsion technology for the most demanding naval applications, including the COLUMBIA-class submarine program. This technology is designed to support efficient propulsion, compact installation and the electrical demands of advanced shipboard systems. We look forward to working with Doosan Enerbility and Hanwha Ocean in support of this important program.”
The DRS permanent magnet motor technology is designed to provide high torque density in a compact architecture, helping reduce size and weight compared with conventional electric machines. Paired with the company's variable-frequency drive, the system delivers precise, and highly efficient propulsion control while reducing engine-room footprint and supporting greater flexibility in ship design. The system is designed, built, and delivered by DRS to meet applicable military requirements for power quality, shock, and vibration, as well as Republic of Korea Navy operational requirements.
This selection builds on a long record of DRS electric propulsion success with the Republic of Korea Navy, including hybrid electric drive systems provided for the 20 anti-submarine warfare frigates in the FFX Batch II, III and IV frigate programs. DRS is a leading provider of next-generation electric power and propulsion technology for the U.S. Navy and allied navies worldwide. The KDDX program reinforces the company’s role as a trusted provider of integrated electric drive solutions for the world's most advanced naval platforms.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS získal od NAVAIR zakázku za 39,6 milionu USD na výrobu a dodávku jednotek JTT-X pro EA-18G Growler. Program má posílit bezpečnou a odolnou komunikaci námořního letectva.
NAVAIR contract supports Leonardo DRS’ strategy to deliver secure, modular, open-architecture and multi-network connectivity for EA-18G Growler missions, helping aircrews maintain communications, threat awareness and mission advantage in contested environments | Source: Leonardo DRS, Inc.
ARLINGTON, Va., Sept. 14, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that its Airborne and Intelligence Systems business unit has been awarded a $39.6 million contract by Naval Air Systems Command (NAVAIR) for the production and delivery of Joint Tactical Terminal Transceiver (JTT-X) units. The firm-fixed-price, cost-plus-fixed-fee contract includes non-recurring engineering, production, aircraft integration, qualification, and production support for the EA-18G Growler aircraft.
The award supports the Navy’s Global Lightning initiative with continued investment in resilient communications, enhanced threat warning, and improved situational awareness for Naval Aviation operating in contested and complex mission environments.
JTT-X is a critical upgrade to the Navy’s primary, alternate, contingency, and emergency (PACE) layered communications architecture. As a Hybrid SATCOM Terminal, JTT-X is designed to communicate across a variety of government and commercial network pathways, including proliferated Low Earth Orbit (pLEO) satellite communications architectures. This capability provides resilient, flexible, and survivable communications options for Naval Aviation missions.
JTT-X is designed with a modular open systems approach (MOSA) including 3U VPX expansion slots for technology insertion and future capability growth. DRS’ SOSA-aligned (Sensor Open Systems Architecture), Transceiver Crypto Module (XCM3) cards provide both Embedded Crypto Module (ECM) and UHF secure tactical comms capability. The ECM has been developed to the latest NSA SERD 2.0 High Assurance Internet Protocol Encryption (HAIPE) standards.
“This award is an important milestone for our team and reflects the Navy’s continued confidence in Leonardo DRS to deliver secure, resilient communications for Naval Aviation,” said Larry Ezell, senior vice president and general manager of Leonardo DRS Airborne and Intelligence Systems. “JTT-X strengthens the layered communications architecture aircrews rely on in highly contested environments. We are proud to continue supporting the EA-18G community with technology that enhances threat awareness, improves situational understanding, and supports mission success.”
Leonardo DRS provides platform-agnostic tactical terminals and beyond-line-of-sight communications solutions that support enhanced situational awareness across air, land and maritime operations. To learn more about the company’s Joint Tactical Terminal family and Integrated Broadcast Service capabilities, visit www.LeonardoDRS.com/what-we-do/products-and-services/joint-tactical-terminal-integrated-broadcast-service-jtt-ibs/.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS získala kontrakty za 96 milionů USD na dodávku kritického elektronického hardwaru pro systém MK 41 Vertical Launching System. Zakázky posilují její roli v podpoře připravenosti námořních bojových systémů.
ARLINGTON, Va., Sept. 10, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has been awarded contracts totaling $96 million to provide critical electronics hardware for the MK 41 Vertical Launching System (VLS). The MK 41 VLS is the U.S. Navy’s premier shipborne missile launching system and is also fielded by 14 allied navies worldwide. The awards reinforce Leonardo DRS’s role in supporting naval combat system readiness with trusted, mission-critical electronics.
Under the awards, Leonardo DRS will provide a range of advanced electronics hardware, including Programmable Power Supplies (PPS), Launch Control Units (LCU), and Module Transformer Platform/System Transformer Platform (MTP/STP) systems. These technologies are deployed aboard U.S. Navy destroyers and allied naval force vessels supporting key launcher system functions essential to shipboard missile operations.
The MK 41 VLS is one of the world’s most widely deployed naval missile launching systems, serving the U.S. Navy and allied navies around the world. The system delivers exceptional performance, firepower, and flexibility through its architecture supporting multiple missile types design, enabling the launch of a broad range of missile types from a common system architecture.
Leonardo DRS hardware supports the operation of the MK 41 VLS through ruggedized, mission-critical electronics and power systems. These components are designed to provide reliable performance in demanding naval environments and support the continued readiness and effectiveness of the launcher system.
“Leonardo DRS Naval Electronics is proud to continue providing the U.S. Navy and allied partners with critical MK 41 vertical launch system electronics hardware, supporting the program for over 15 years,” said Cari Ossenfort, senior vice president and general manager of the Leonardo DRS Naval Electronics business unit.
The contract awards were issued on July 22-23, 2026, as option modifications to multiple-year contracts. Work will be performed at Leonardo DRS Naval Electronics production facilities in Johnstown, Pennsylvania, and Largo, Florida.
Leonardo DRS continues its strong partnership with the U.S. Navy and its closest allies on this critical program and remains a leading provider of critical weapons systems hardware supporting surface ships.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS získal od U.S. Space Force zakázku na prototyp pro vývoj nové senzorové technologie. Ta má zlepšit detekci, identifikaci, sledování a zaměřování rychlých hrozeb.
ARLINGTON, Va., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced it has been awarded an Other Transaction Agreement contract for Prototype by the U.S. Space Force to advance next-generation technology designed to further strengthen U.S. national defense capabilities.
Under the award, Leonardo DRS will further develop affordable and scalable sensor technology that helps defense systems detect, identify, track, and target fast-moving threats in challenging conditions in support of mission needs for U.S. space superiority and space control efforts.
A key focus of the program is improving affordability and producibility, leveraging advancements in sensing and processing and moving toward designs that can be manufactured more efficiently, scaled to meet demand, and built with a resilient supply chain to support urgent national security needs.
“This award recognizes our innovative best-in-class sensor technology, proven experience and continued investment in space-based capabilities for critical national security programs,” said John Baylouny, President and CEO of Leonardo DRS. “These investments allow our company to push the boundaries of advanced sensing and targeting and implement scaled manufacturing to support national security priorities.”
“We are incredibly proud to support this vital space-based mission,” said Jerry Hathaway, senior vice president and general manager, Leonardo DRS Electro-Optical and Infrared Systems. “This award builds upon our current and next-generation affordable sensing technologies developed by our innovative space and sensor engineering teams and leverages our proven performance and expertise in sensor design and manufacturing.”
Leonardo DRS is a leading provider of advanced infrared sensing systems used by the U.S. government and allied nations across ground, sea, air, and space missions. The company’s advanced sensing, secure communications, and laser technologies support critical efforts including Counter-UAS, autonomous maritime fleet protection, and mounted and dismounted ground combat systems.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS Investor Relations Contact
Steve Vather
Senior Vice President, Corporate Development (M&A) and Investor Relations
+1 703 409 2906 [email protected]
Leonardo DRS Media Contact
Charles Jones
Director, Marketing and Corporate Communications
+1 571 737 8800 [email protected]
For more information regarding this OTA award, please click here.
Leonardo DRS podepsala smlouvu na nový závod v Brookfieldu v Connecticutu, který sjednotí provozy ze tří míst a posílí Naval Power Systems. Areál má 141 087 čtverečních stop a obsazení se čeká na začátku roku 2027.
New 141,000-square-foot facility will consolidate operations from three Connecticut sites, strengthening support for critical U.S. Navy programs and positioning the business for growth across the evolving nuclear energy landscape August 04, 2026 16:01 ET | Source: Leonardo DRS, Inc.
ARLINGTON, Va., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has signed an agreement for a new facility in Brookfield, Connecticut, that will expand and consolidate operations for its Naval Power Systems business, strengthening increased throughput and support for critical U.S. Navy programs and positioning the company for future growth across the evolving nuclear energy landscape.
Located at 120 Park Ridge Road in Brookfield, the new site will provide 141,087 square feet of space and bring together operations currently spread across three locations in Danbury and Bethel, Connecticut. Initial occupancy is expected in early 2027, with the potential for limited occupancy in late 2026, depending on final design and tenant improvement construction.
“This new facility represents an important investment in the future of our Naval Power Systems business and in our ability to support mission-critical customer requirements,” said John Baylouny, chief executive officer of Leonardo DRS. “By bringing these operations together in Brookfield, we are strengthening collaboration, improving efficiency, and creating the foundation needed to support continued growth across naval nuclear propulsion and the broader nuclear energy market.”
The Brookfield facility will replace the business's current footprint of three locations in Danbury and Bethel, Connecticut.
As the nuclear industry enters a new era shaped by plant modernization, advanced reactor development, energy security priorities, and maritime nuclear innovation, Leonardo DRS expects the new Brookfield facility to provide the space and infrastructure needed to support continued growth and customer demand. The new site will create a more unified operating environment for employees and programs, supporting collaboration, efficiency, and long-term execution across the business.
“Leonardo DRS has a long history of delivering highly reliable technologies for some of the most demanding nuclear environments,” said Jon Miller, senior vice president and general manager of the Leonardo DRS Naval Power Systems business. “This investment gives us the space, infrastructure, and operational alignment to better serve our Navy customers today while also positioning the business to support emerging opportunities across the evolving nuclear sector.”
The project reflects the continued commitment of Leonardo DRS to investing in its facilities, workforce, and technical capabilities in support of national security priorities and the evolving needs of its customers.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS Investor Relations Contact
Steve Vather
Senior Vice President, Corporate Development (M&A) and Investor Relations
+1 703 409 2906 [email protected]
Leonardo DRS Media Contact
Charles Jones
Director, Marketing & Corporate Communications
+1 571 737 8800 [email protected]
Leonardo očekává další akvizice, aby podpořil dlouhodobý růst, protože evropské výdaje na obranu prudce rostou. Firma už letos zvýšila celoroční výhled na nové zakázky na 28,2 miliardy eur.
Leonardo's new CEO told CNBC he expects to pursue further acquisitions to support the company's long-term growth, as Europe's defense spending boom gathers pace.
"The ramping gap in how we fulfil the demand is really the key element to deliver to our customers what they need… both for our European arm and for the U.S. arm," Lorenzo Mariani told CNBC's Carolin Roth in Rome, pointing to M&A, including over the past few days, as an area of opportunity.
Europe's defense industry is scrambling to meet soaring demand for new military equipment, amid Russia's full-scale invasion of Ukraine and increased NATO spending targets.
Alongside investment in factories and hiring, contractors are using acquisitions to add technologies, secure supply chains and expand industrial capabilities more quickly.
"What really matters today is accelerating all our processes," Mariani said.
Defense dealmakingMariani said the company would continue pursuing acquisitions and strategic partnerships to support long-term growth. His comments come as Leonardo has broadened its defense portfolio through acquisitions in land systems, cybersecurity and AI-enabled mission software.
It completed a 1.6-billion-euro ($1.8 billion) acquisition of Iveco Defence Vehicles in March. Its U.S. subsidiary Leonardo DRS this week agreed to buy software company Raft for $450 million to expand its AI and mission software capabilities.
Earlier this year, the group also agreed to acquire British cybersecurity company Becrypt.
More defense news‘Project Firepower’: Inside Rheinmetall’s gunpowder expansion as Europe races to replenish its ammunitionEurope’s defense boom faces a new test: Can it actually deliver weapons?Ukraine’s drone playbook is wreaking havoc in Russia — and upending where NATO wants to investTank maker KNDS postpones IPO amid market struggles for defenseDefense stocks plummet on reports Germany is scrapping warships; Rheinmetall stock down 18%Why Europe is suddenly betting big on dronesLeonardo's Italian peer Fincantieri recently unveiled what CEO Pierroberto Folgiero described to CNBC as the company's "second M&A wave," announcing major stakes in four underwater technology companies as part of plans to build an international leader in the rapidly expanding underwater defense sector.
Meanwhile, German defense electronics maker Hensoldt this year acquired Dutch optronics specialist Nedinsco to secure supply chains and expand production capacity.
Record order backlogLike most of its peers, Leonardo reported a record order backlog in its earnings on Thursday, rising 30% year-on-year to 59 billion euros by the quarter ended June.
The partly Italian state-owned company hiked its full-year guidance after reporting a 45% rise in new orders in the first six months of the year. It now sees earnings before interest, tax, and amortization of 2.21 billion euros, up from 2.03 billion euros previously.
Leonardo is in a perfect position to benefit from increased European defense spending due to its multi-domain approach and differentiated offering, Mariani told CNBC.
Defense stocks have been under pressure this year after a years-long boom following Russia's full-scale invasion of Ukraine.
Defense stocks' performance over the past 12 months.
As government spending translated to soaring order books for defense companies, some investors now question whether valuations have run ahead of the industry's ability to ramp up production.
Leonardo shares are up about 11% year-to-date, similar to the gains of the pan-European blue-chip index Stoxx 600.
In its earnings, Leonardo said it now sees full-year new orders at 28.2 billion euros, up from 25 billion euros previously.
Leonardo is leaning heavily into defense technologies as wars in Ukraine and Iran exemplify how modern war has changed, with an increasing emphasis on unmanned systems and AI-powered weapons.
Leonardo DRS, Inc. (DRS) Q2 2026 Earnings Call July 30, 2026 10:00 AM EDT
Company Participants
Stephen Vather - Senior VP of Corporate Development (M&A) & Investor Relations
John Baylouny - President, CEO & Director
Michael Dippold - Executive VP & CFO
Conference Call Participants
Peter Arment - Robert W. Baird & Co. Incorporated, Research Division
Robert Stallard - Vertical Research Partners, LLC
Edward Morgan - BTIG, LLC, Research Division
Jonathan Tanwanteng - CJS Securities, Inc.
Seth Seifman - JPMorgan Chase & Co, Research Division
Ronald Epstein - BofA Securities, Research Division
Noah Poponak - Goldman Sachs Group, Inc., Research Division
Justin Lang - Morgan Stanley, Research Division
Alexandra Eleni Mandery - Truist Securities, Inc., Research Division
Austin Moeller - Canaccord Genuity Corp., Research Division
Presentation
Operator
Ladies and gentlemen, good day, and welcome to the Leonardo DRS Second Quarter Fiscal Year 2026 Earnings Conference Call. [Operator Instructions] As a reminder, this event is being recorded.
I would now like to turn the conference over to Steve Vather, Senior Vice President, Corporate Development and Investor Relations. Please go ahead.
Stephen Vather
Senior VP of Corporate Development (M&A) & Investor Relations
Good morning, and welcome, everyone. Thank you for joining today's quarterly earnings conference call. With me today are John Baylouny, our President and CEO; and Mike Dippold, our CFO. They will discuss our strategy, operational highlights, financial results and outlook. Today's call is being webcast on the Investor Relations section of the website, where you can find the earnings release and supplemental presentation.
Management may also make forward-looking statements during the call regarding future events, future trends and the anticipated future performance of the company. We caution you that such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict. Actual results may differ materially from those projected in the forward-looking statements due to a
Leonardo DRS, Inc. (DRS - Free Report) reported $913 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 10.1%. EPS of $0.35 for the same period compares to $0.23 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $899.45 million, representing a surprise of +1.51%. The company delivered an EPS surprise of +29.63%, with the consensus EPS estimate being $0.27.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Leonardo DRS, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Integrated Mission Systems (IMS): $333 million versus the two-analyst average estimate of $324.9 million. The reported number represents a year-over-year change of +14.8%.Revenue- Advanced Sensing and Computing (ASC): $587 million versus $585.36 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +8.3% change.Adjusted EBITDA- Integrated Mission Systems (IMS): $59 million versus $48.4 million estimated by two analysts on average.Adjusted EBITDA- Advanced Sensing and Computing (ASC): $69 million compared to the $65.86 million average estimate based on two analysts.View all Key Company Metrics for Leonardo DRS, Inc. here>>>
Shares of Leonardo DRS, Inc. have returned +9% over the past month versus the Zacks S&P 500 composite's -1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Leonardo DRS uzavřela dohodu o koupi společnosti Raft za 450 milionů USD v hotovosti. Akvizice má rozšířit její AI, datovou fúzi a mission software pro obranné zákazníky.
ARLINGTON, Va., July 28, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) today announced that it has entered into a definitive agreement to acquire Raft LLC (“Raft”) in an all-cash transaction valued at $450 million. Founded in 2018 and headquartered in McLean, Virginia, Raft provides open-architecture mission software, specializing in multi-domain data fusion and artificial intelligence (AI) that supports real-time situational awareness and faster operational decision-making for national security customers.
The acquisition is aligned with DRS’s strategy and enhances its ability to deliver integrated, mission-focused technologies that help customers operate with greater speed, clarity and confidence in complex operational environments. Defense customers increasingly manage large volumes of data from distributed sensors and systems; fragmented data architectures can slow decision-making. Raft’s technology is designed to address this challenge by fusing disparate data into a common operating picture and helping reduce the cognitive burden on operators across domains and mission threads. Raft’s open-architecture software, AI and data integration capabilities are highly complementary and additive to DRS’s existing technology portfolio and customer relationships, enhancing the company’s ability to deliver integrated, advanced sensing and network computing capabilities with software to turn sensor data into actionable decision advantage.
“Our customers increasingly require integrated hardware, software, data and autonomy to support mission outcomes. The acquisition of Raft will build on and accelerate the organic investment that DRS has made in that evolution,” said John Baylouny, President and Chief Executive Officer of Leonardo DRS. “Raft adds proven software talent and open-architecture technology that complement our existing sensing and computing capabilities and strengthen our ability to deliver AI-enabled mission solutions at the speed our customers demand.”
“Joining DRS is a natural next step for our team and our mission,” said Shubhi Mishra, Founder and Chief Executive Officer of Raft. “Our open-architecture platform was built to integrate across systems, not lock customers in, and pairing it with DRS’s sensing and computing franchises will accelerate our ability to deliver mission capability at a global scale.”
The $450 million all-cash transaction is subject to customary post-closing purchase price adjustments. As a result of the transaction, DRS expects to realize a tax benefit over the next 15 years, the present value of which is calculated to be approximately $50 million. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close in the fourth quarter of 2026. The acquisition is expected to be accretive to Adjusted Diluted Earnings Per Share (1) in the first full year of ownership. DRS expects to fund the transaction through cash on hand and borrowings under its revolving credit facility.
Advisors
Morgan Stanley & Co. LLC is serving as financial advisor to Leonardo DRS and J.P. Morgan Securities LLC is serving as exclusive financial advisor to Raft. Sullivan & Cromwell LLP, Kirkland & Ellis LLP and Kilpatrick Townsend & Stockton LLP are serving as legal advisors to Leonardo DRS and Greenberg Traurig, LLP is serving as legal advisor to Raft.
Conference Call
Leonardo DRS will discuss the acquisition in conjunction with its previously announced second quarter 2026 earnings conference call on Thursday, July 30, 2026, beginning at 10:00 a.m. (ET).
The live audio broadcast of Leonardo DRS’s conference call will be available on the company’s investor relations website. To attend the conference call or webcast, participants should register online at https://investors.leonardodrs.com.
A replay will be available on the company’s website approximately two hours after the conclusion of the conference call and will remain available for 90 days.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
About Raft
Founded in 2018 and headquartered in McLean, Virginia, Raft is a leading provider of open-standard mission software, specializing in multi-domain data fusion and artificial intelligence that enable real-time awareness and faster operational decision-making for U.S. government and defense customers. Raft’s operator-focused, software-first products fuse and stream data and enable trusted human-AI partnership from the tactical edge to the enterprise.
Forward-Looking Statements
In this release, when using the terms the “company,” “DRS,” “we,” “us” and “our,” unless otherwise indicated or the context otherwise requires, we are referring to Leonardo DRS, Inc. This release contains forward-looking statements and cautionary statements within the meaning of the Private Securities Litigation Reform Act of 1995. Some of the forward-looking statements can be identified by the use of forward-looking terms such as “believes,” “expects,” “may,” “will,” “shall,” “should,” “would,” “could,” “seeks,” “aims,” “strives,” “targets,” “projects,” “guidance,” “intends,” “plans,” “estimates,” “anticipates” or other comparable terms. Forward-looking statements include, without limitation, all matters that are not historical facts. They appear in a number of places throughout this release and include, without limitation, statements regarding our intentions, beliefs, assumptions or current expectations concerning, among other things, financial goals, financial position, results of operations, cash flows, prospects, strategies or expectations, the proposed acquisition of Raft LLC, including the expected timing of completion of the transaction, the satisfaction of closing conditions, the receipt of regulatory approvals, the anticipated benefits of the transaction, the expected impact of the transaction on DRS or Raft LLC’s financial results, including expected accretion and tax benefits, the expected financing of the transaction and plans for the integration of the acquired business, and the impact of prevailing economic conditions.
These statements are subject to numerous assumptions, risks, and uncertainties, many of which are outside of our control, and include the risks and uncertainties that are identified in the Risk Factors section in our latest Annual Report on Form 10-K, and in other periodic and current reports we file with the SEC as well as risks and uncertainties relating to the proposed acquisition of Raft LLC, including: the possibility that regulatory approvals are not obtained on the expected timeline or at all; the risk that the closing conditions are not satisfied or that the transaction does not close within the anticipated timeframe or at all; the risk that the anticipated benefits of the transaction, including expected accretion and tax benefits, are not realized in whole or in part or within the expected timeframe; higher-than-expected transaction, integration or financing costs; difficulties in integrating Raft’s business, personnel, systems or operations; potential disruption to our or Raft’s ongoing operations or relationships with customers, suppliers or employees as a result of the announcement or pendency of the transaction; the diversion of management’s time and attention; and potential unknown or contingent liabilities of the acquired business. While the forward-looking statements herein reflect our current expectations, no assurance can be given that the results or events described in such statements will be achieved, and our actual results may differ materially from the results we anticipate. We undertake no obligation, other than as may be required by law, to revise or update any of these forward-looking statements (whether as a result of new information, subsequent events or circumstances, changes in expectations or otherwise) that may arise after the date of this release.
Non-GAAP Financial Measures
(1) The company references Adjusted Diluted Earnings Per Share, a non-GAAP financial measure, in this release. Adjusted Diluted EPS is defined as net earnings excluding amortization of acquired intangible assets, deal-related transaction costs, restructuring costs and other one-time non-operational events (which include non-service pension expense, legal liability accrual reversals, executive transition costs and foreign exchange impacts) and the related tax impacts, divided by the diluted weighted average number of shares outstanding (WASO).
We believe the non-GAAP financial measures presented in this document will help investors understand our financial condition and operating results and assess our future prospects. We believe these non-GAAP financial measures are important supplemental measures because they exclude unusual or non-recurring items as well as non-cash items that are unrelated to or may not be indicative of our ongoing operating results. Further, when read in conjunction with our GAAP results, these non-GAAP financial measures provide a baseline for analyzing trends in our underlying businesses and can be used by management as a tool to help make financial, operational and planning decisions. Finally, these measures are often used by analysts and other interested parties to evaluate companies in our industry by providing more comparable measures that are less affected by factors such as capital structure.
We recognize that these non-GAAP financial measures have limitations, including that they may be calculated differently by other companies or may be used under different circumstances or for different purposes, thereby affecting their comparability from company to company. In order to compensate for these and the other limitations, management does not consider these measures in isolation from or as alternatives to the comparable financial measures determined in accordance with U.S. GAAP and should not rely on any single financial measure to evaluate our business.
Leonardo DRS Investor Relations Contact
Steve Vather
Senior Vice President, Corporate Development (M&A) and Investor Relations
+1 703 409 2906 [email protected]
Leonardo DRS Media Contact
Carrie Robinson
Vice President, Marketing and Corporate Communications
+1 321 266 7691 [email protected]
ARLINGTON, Va., July 15, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today the company has signed a contract to supply more than 50,000 Tenum® Orbit™ thermal imaging cameras under a blanket purchase agreement, marking a major production milestone for the company and underscoring growing demand for advanced thermal imaging technology across emerging mission applications.
The agreement positions Leonardo DRS to support high-volume customer requirements for compact, high-performance thermal imaging systems used in applications including unmanned systems and other rapidly evolving platforms. It also reflects customer confidence in the company’s manufacturing capacity and ability to deliver sophisticated sensing technologies at scale.
“This agreement demonstrates the strength of our thermal imaging technology and our readiness to deliver at scale,” said Jerry Hathaway, senior vice president and general manager of the Leonardo DRS EO/IS business unit. “We have made strategic investments in our production capabilities so we can respond quickly and reliably to growing customer demand across a wide range of mission applications.”
Developed for high-volume production across multiple end uses, including drones, the Tenum® Orbit™ thermal imaging module is backed by Leonardo DRS investments in factory infrastructure and manufacturing capacity designed to support annual production in the hundreds of thousands of units. The Tenum® Orbit™ is also designed to support exportability and compliance with applicable international trade regulations, helping customers integrate advanced thermal imaging technology more efficiently across global markets.
About Leonardo DRS
Leonardo DRS, Inc. (Nasdaq: DRS) is at the forefront of developing transformative defense technologies using its proven agility and delivering innovative solutions for U.S. national security customers and allies worldwide. We specialize in rapidly providing high-performance, multi-domain capabilities across next-generation advanced sensing, network computing, force protection, and electric power and propulsion. Our reputation as a trusted provider is built on a continuous focus on practical innovation, delivering quality, and meeting our customers’ most demanding mission requirements. For further information on our complete range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Leonardo DRS Investor Relations Contact
Steve Vather
Senior Vice President, Corporate Development (M&A) and Investor Relations
+1 703 409 2906 [email protected]
Leonardo DRS Media Contact
Carrie Robinson
Vice President, Marketing and Corporate Communications
+1 321 266 7691 [email protected]
