Press Releases
Keep up with all the Latest Innovations, Programs and Partnerships from Leonardo DRS
As technology grows more advanced and new threats emerge on the battlefield, Leonardo DRS remains a leader in its industry by innovating and evolving right along with them. Get up to speed on our latest products, services, features, and company updates straight from the source.
Recent Announcements
| Date | HTML | Year |
|---|---|---|
| 5/11/2023 |
Leonardo DRS Recognized With Prestigious Award for Role in Development of Critical Infrared TechnologyARLINGTON, Va. --(BUSINESS WIRE)--May 11, 2023-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been recognized with the prestigious 2023 Herschel Award for its role in the development of advanced infrared detectors used in next-generation infrared sights for ground combat vehicles. |
2023 |
| 5/3/2023 |
Leonardo DRS Announces Financial Results for First Quarter 2023R evenue: $569 million Net Earnings: $12 million Adjusted EBITDA: $49 million Diluted EPS: $0.05 Adjusted Diluted EPS: $0.07 Bookings: $749 million (book-to-bill ratio of 1.3x) Backlog: $4.3 billion Reaffirms 2023 guidance ARLINGTON, Va. --(BUSINESS WIRE)--May 3, 2023-- Leonardo DRS, Inc. |
2023 |
| 4/18/2023 |
Leonardo DRS Demonstration Mission Utilizes Innovative Technology to Capture Earth Images for NASAARLINGTON, Va. --(BUSINESS WIRE)--Apr. 18, 2023-- Leonardo DRS, Inc. (NASDAQ:DRS) announced today that its new high-precision radiometer technology is being used to measure the Earth’s surface temperature from space. The image collection from the company’s Multiband Uncooled SmallSat Imaging |
2023 |
| 4/17/2023 |
Leonardo DRS Schedules First Quarter 2023 Earnings Conference Call for May 3, 2023ARLINGTON, Va. --(BUSINESS WIRE)--Apr. 17, 2023-- Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Wednesday, May 3, 2023 beginning at 5:00 p.m. (ET) to discuss its first quarter 2023 results. The company plans to issue its quarterly earnings press release prior to the |
2023 |
| 4/4/2023 |
Leonardo DRS Receives Over $1 Billion to Support U.S. Navy’s Columbia-Class Submarine ProgramARLINGTON, Va. --(BUSINESS WIRE)--Apr. 4, 2023-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been awarded contracts valued at over $1 billion , when fully funded, to provide the integrated electric propulsion components for the U.S. Navy’s next-generation Columbia-class submarine. |
2023 |
| 4/3/2023 |
Leonardo DRS Introduces the Next Generation of Power Conversion Technology for Naval PlatformsARLINGTON, Va. --(BUSINESS WIRE)--Apr. 3, 2023-- Leonardo DRS, Inc. (NASDAQ: DRS) announced today it is introducing its next-generation of power conversion technology in the company’s Pivotal Power Solutions line of products, to ensure available and reliable electrical power for mission-critical |
2023 |
| 3/28/2023 |
Leonardo DRS Announces Financial Results for Fourth Quarter and Fiscal Year 2022Revenue: $820 million for the fourth quarter and $2.7 billion for the year Net Earnings: $65 million for the fourth quarter and $405 million for the year Adjusted EBITDA: $120 million for the fourth quarter and $318 million for the year Diluted EPS: $0.28 for the fourth quarter and $1.88 for the |
2023 |
| 3/3/2023 |
Leonardo DRS Schedules Fourth Quarter and Full Year 2022 Earnings Conference Call for March 28, 2023ARLINGTON, Va. --(BUSINESS WIRE)--Mar. 3, 2023-- Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Tuesday, March 28, 2023 beginning at 10:30 a.m. (ET) to discuss its fourth quarter and full year 2022 results. The company plans to issue its quarterly earnings press |
2023 |
| 1/5/2023 |
U.S. Army Taps Leonardo DRS to Provide Additional M-LIDS Counter-UAS PlatformsARLINGTON, Va. --(BUSINESS WIRE)--Jan. 5, 2023-- Leonardo DRS, Inc. (Nasdaq: DRS) announced today it was awarded a contract to provide additional counter unmanned aircraft system (C-UAS) platforms in support of U.S. Army’s Integrated Fires/Rapid Capabilities Office’s on-going Mobile-Low, Slow, |
2023 |
| 12/23/2022 |
Leonardo DRS Announces Appointment of Dr. Reginald Brothers to Board of DirectorsARLINGTON, Va. --(BUSINESS WIRE)--Dec. 23, 2022-- Leonardo DRS, Inc. (Nasdaq: DRS) announced today the appointment of Dr. Louis Reginald “Reggie” Brothers to the company’s Board of Directors. His appointment will be effective on January 1, 2023 . This press release features multimedia. |
2022 |
| 12/6/2022 |
Leonardo DRS Announces Appointment of Eric C. Salzman to Board of DirectorsARLINGTON, Va. --(BUSINESS WIRE)--Dec. 6, 2022-- Leonardo DRS, Inc. (“DRS”) announced today the appointment of Eric C. Salzman to the company’s Board of Directors. His appointment was effective on November 28, 2022 . This press release features multimedia. |
2022 |
| 12/5/2022 |
Leonardo DRS Receives Contract Award for US Army 3rd Generation FLIR SensorsARLINGTON, Va. --(BUSINESS WIRE)--Dec. 5, 2022-- Leonardo DRS (DRS) announced today that it has received a contract award from the U.S. Army to provide advanced infrared sensors for the next-generation sighting systems. These sensors will replace the current Horizontal Technology Integration (HTI), |
2022 |
| 11/28/2022 |
Leonardo DRS Announces Closing of Merger With RADAARLINGTON, Va.--( BUSINESS WIRE )-- Leonardo DRS, Inc. (“Leonardo DRS”, or the “Company”), a leading mid-tier defense technology provider, today announced the successful completion of the all-stock merger between Leonardo DRS and RADA Electronic Industries Ltd. |
2022 |
| 10/31/2022 |
Leonardo DRS Announces Upcoming Conference ParticipationARLINGTON, Virginia – October 31, 2022 – Leonardo DRS, Inc. (“DRS”), a leading mid-tier defense technology provider, today announced its upcoming participation in Baird’s 2022 Annual Global Industrial Conference. Baird’s 2022 Annual Industrial Conference is being held at the Ritz-Carlton Hotel in |
2022 |
| 10/11/2022 |
Leonardo DRS Goes Pink at 2022 AUSATo Raise Money for Military Women and Family Members Suffering from Breast Cancer --> ARLINGTON, VA, October 11, 2022 ̶ Leonardo DRS Inc. (DRS), announced today that it will grant up to $10,000 in contributions to help military families deal with breast cancer. |
2022 |
| 10/10/2022 |
Leonardo DRS Awarded $579 Million Contract for Advanced Thermal Weapon SightsARLINGTON, VA, OCTOBER 10, 2022 ̶ Leonardo DRS, Inc. (“DRS”) announced today that it has received a contract to produce its next-generation thermal weapon sights for the U.S. Army. The firm-fixed-price contract from the U.S. Army Contracting Command is valued at $579 million over five years. |
2022 |
| 10/6/2022 |
Leonardo DRS Teams with SpearUAV Ltd for Nano-scale Aerial MunitionsARLINGTON, VA, OCTOBER 6, 2022 ̶ Leonardo DRS, Inc. (DRS) announced today its Land Systems business unit in St. Louis, Missouri has entered into an agreement with SpearUAV Ltd. (Spear) of Israel to develop a version of Spear’s VIPER nano-scale aerial munition for the US market. Under terms of |
2022 |
| 10/4/2022 |
Leonardo DRS Awarded Contract to Build Advanced Integrated Vision Systems for Australian ArmyARLINGTON, VA, OCTOBER 4, 2022 ̶ Leonardo DRS, Inc. (“DRS”) announced today that it has received a contract from the United States Army to provide thermal Integrated Vision Systems for Assault Breacher Vehicles (ABV) for the Australian Land Forces. The $9.6 million contract supports Australian |
2022 |
| 9/19/2022 |
Repligen Expands Process Analytics Portfolio with DRS Daylight Solutions AgreementSigns 15-year Strategic Collaboration and Exclusive License Agreement WALTHAM, Mass., Sept 19, 2022 -- Repligen Corporation (NASDAQ:RGEN), a life sciences company focused on bioprocessing technology leadership, today announced it has entered into a strategic partnership and exclusive license |
2022 |
| 8/30/2022 |
DRS Delivers Advanced Electric Propulsion Equipment for Lead Columbia-Class SubmarineARLINGTON, VA, AUGUST 30, 2022 ̶ Leonardo DRS, Inc. (“DRS”) announced today that it has successfully completed factory acceptance testing and shipment of the first production unit of the main propulsion motor for the U.S. Navy’s new COLUMBIA Class submarine. |
2022 |
| 8/1/2022 |
Leonardo DRS and RADA Announce Upcoming Conference ParticipationNETANYA, Israel and ARLINGTON, Virginia – August 1, 2022 – RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (“RADA”), a leading global provider of advanced software-defined military tactical radars, together with Leonardo DRS, Inc. (“DRS”), a leading mid-tier defense technology provider, today |
2022 |
| 6/21/2022 |
Leonardo DRS and RADA Agree to All-Stock Merger, Combining Top Defense Technology Companies into Leader in Advanced Sensing and Force ProtectionAll-stock merger combines Leonardo DRS, a leading U.S.-based mid-tier defense technology provider, and RADA Electronic Industries Ltd., a leading Israel-based provider of small-form tactical radar. RADA’s advanced tactical radars improve Leonardo DRS’s position as an air defense, counter-UAS and |
2022 |
| 5/17/2022 |
Leonardo DRS Announces Support for Navy SEAL FoundationARLINGTON, VA, May 17, 2022 ̶ Leonardo DRS, Inc. is excited to announce its new partnership with the Navy SEAL Foundation (NSF) , America’s premier non-profit organization serving the Naval Special Warfare (NSW) community. The partnership is part of Leonardo DRS’ ongoing commitment to America’s |
2022 |
| 3/22/2022 |
Leonardo DRS Announces Sale of Global SATCOM Business to SESRESTON, VA, March 22, 2022 ̶ Leonardo DRS Inc., announced today it has signed a definitive agreement to sell its Global Enterprise Solutions (GES) business to SES for $450 million. The transaction has been approved by the boards of directors of Leonardo and of SES. |
2022 |
| 1/6/2022 |
Leonardo DRS Announces Cari Ossenfort as Vice President and General Manager of Company’s Naval Electronics BusinessARLINGTON, VA, JANUARY 6, 2022 ̶ Leonardo DRS, Inc. announced today that it has named Cari Ossenfort as the senior vice president and general manager of the company’s Naval Electronics business unit , responsible for the business by leading operations, programs, business strategy and future |
2022 |
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