Leonardo DRS, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Company Description
- CEO
- John A. Baylouny
- Full Time Employees
- 7,300
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Address
- 2345 Crystal Drive Arlington VA United States of America 22202
- IPO Date
- Jun 24, 1985
- CIK
- 0001833756
- Website
- leonardodrs.com
- Similar Companies
- Business
- Leonardo DRS, Inc. (NASDAQ: DRS) provides advanced defense technologies and systems to the U.S. military, intelligence agencies, allied forces and prime contractors worldwide; the company specializes in electro-optical/infrared (EO/IR) sensing, network computing and communications, force protection systems, electric power and propulsion solutions, and sustainment, logistics, services and support. Core offerings encompass advanced sensing technologies such as the Driver's Vision Enhancer-Advanced (DVE-A) for situational awareness in degraded conditions, Air Combat Maneuvering Instrumentation (ACMI) for real-time weapon simulation, high-speed damage-control fire suppression systems with Arc Fault Detection/Continuous Thermal Monitoring (AFD/CTM), assured positioning/navigation/timing solutions like AC²ES to counter GPS/GNSS disruption, next-generation networked intelligence platforms including BlackLab for cyber/electronic warfare/space applications, ruggedized combat computing under CMOSS open architecture, laser-based boresighting systems like the Common Multi-Platform Boresighting System (CMBS), high-performance AI processors such as the AIP, cargo restraint systems for military transport aircraft, and heat transfer/refrigeration/air handling equipment; network computing solutions feature mission-critical receivers integrated with Modernized Target Acquisition Designation Sights, commercial-off-the-shelf (COTS) hardware integration for shipboard environments, and battle management systems. Founded in 1969 and headquartered in Arlington, Virginia, Leonardo DRS operates through two primary segments—Advanced Sensing and Computing, which generates the majority of revenue via real-time situational awareness technologies, and Integrated Mission Systems—with facilities across multiple U.S. states and international presence supporting land, air, sea, space and cyber domains; as a subsidiary of Leonardo S.p.A. (71.4% ownership), it employs approximately 7,000 people and maintains a backlog exceeding $8.5 billion. Recent developments include a November 2025 milestone with EDGE Group toward launching a joint venture in Abu Dhabi in 2026, with EDGE holding 51% and Leonardo 49%, focusing on technology transfer, production and support for sensors, system integration and platforms targeting UAE and select export markets; a November 2025 battle management system contract with Chaiseri Defense to modernize Royal Thai Army Strykers, building on their November 2024 teaming arrangement; a strategic cooperation agreement with Axon Vision for counter-unmanned aerial systems opportunities; expansion of its South Carolina naval propulsion facility via a $45 million investment from HII in 2025; and strong financial performance with 18% year-over-year revenue growth to approximately $3.2 billion in 2024 driven by advanced sensing and computing demand.
Company News
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Leonardo expects more deals as Europe ramps up defense spending
Leonardo DRS, Inc. (DRS) Q2 2026 Earnings Call Transcript
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Leonardo DRS, Inc. (DRS) Surpasses Q2 Earnings and Revenue Estimates
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Bank of Nova Scotia Cuts Stake in Leonardo DRS, Inc. $DRS
Leonardo DRS to Acquire Raft, Expanding Multi-Domain AI, Data Fusion and Mission Software Capabilities
Leonardo DRS Secures Contract for More Than 50,000 Tenum® Orbit™ Thermal Imaging Cameras