- Price
- $45.27
- Day
- -1.18%
- Mkt Cap
- $12.08B
- 52W Range
- $32.43 – $50.59
- Volume
- 766.4K
- Beta
- 0.19
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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.
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Here is how Leonardo DRS, Inc. (DRS) and Outdoor Holding Company (POWW) have performed compared to their sector so far this year.
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Leonardo has recently expanded through deals in land systems, cybersecurity and AI-enabled mission software. CEO Lorenzo Mariani said the company would pursue acquisitions and strategic partnerships to support long-term growth.
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Leonardo DRS, Inc. (DRS) Q2 2026 Earnings Call Transcript
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Revenue: $913 million, up 10% year-over-year Net Earnings: $86 million, up 59% year-over-year Adjusted EBITDA: $128 million, up 33% year-over-year Diluted EPS: $0.32, up 60% year-over-year Adjusted Diluted EPS: $0.35, up 52% year-over-year Bookings: $1.1 billion (book-to-bill ratio of 1.2x) Record Funded Backlog: $5.1 billion, up 17% year-over-year Increases 2026 guidance for Adjusted EBITDA and Adjusted Diluted EPS Announced the $450 million acquisition of Raft, expanding DRS's multi-domain AI, data fusion and mission software capabilities Dividend: Company declares cash dividend of $0.09 per share to be paid on August 27, 2026 ARLINGTON, Va., July 30, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the second quarter 2026, which ended June 30, 2026.
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Leonardo DRS NASDAQ: DRS reported second-quarter fiscal 2026 revenue growth of 10% and sharply higher profitability, supported by demand across tactical radar, naval propulsion, infrared sensing and force-protection programs. The company also raised its full-year profit outlook and announced an agreement to acquire mission software provider Raft for $450 million in cash.
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Leonardo DRS, Inc. (DRS) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.23 per share a year ago.
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While the top- and bottom-line numbers for Leonardo DRS, Inc. (DRS) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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Bank of Nova Scotia cut its holdings in shares of Leonardo DRS, Inc. (NASDAQ: DRS) by 63.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,300 shares of the company's stock after selling 97,038 shares during the quarter.
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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.
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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.
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