Leonardo DRS, Inc. (DRS)

NASDAQ: DRS · Real-Time Price · USD
34.96
-0.15 (-0.43%)
Nov 20, 2024, 4:00 PM EST - Market closed
-0.43%
Market Cap 9.24B
Revenue (ttm) 3.18B
Net Income (ttm) 198.00M
Shares Out 264.40M
EPS (ttm) 0.74
PE Ratio 47.32
Forward PE 33.79
Dividend n/a
Ex-Dividend Date n/a
Volume 422,435
Open 35.13
Previous Close 35.11
Day's Range 34.66 - 35.47
52-Week Range 17.97 - 37.99
Beta -0.14
Analysts Buy
Price Target 32.17 (-7.98%)
Earnings Date Oct 30, 2024

About DRS

Leonardo DRS, Inc., together with its subsidiaries, provides defense electronic products and systems, and military support services. It operates through Advanced Sensing and Computing (ASC) segment, and Integrated Mission Systems (IMS) segments. The ASC segment designs, develops, and manufacture sensing and network computing technology that enables real-time situational awareness required for enhanced operational decision making and execution; and offers sensing capabilities span applications, such as missions requiring advanced detection, prec... [Read more]

Sector Industrials
Founded 1969
Employees 6,600
Stock Exchange NASDAQ
Ticker Symbol DRS
Full Company Profile

Financial Performance

In 2023, Leonardo DRS's revenue was $2.83 billion, an increase of 4.94% compared to the previous year's $2.69 billion. Earnings were $168.00 million, a decrease of -58.52%.

Financial Statements

Analyst Forecast

According to 6 analysts, the average rating for DRS stock is "Buy." The 12-month stock price forecast is $32.17, which is a decrease of -7.98% from the latest price.

Price Target
$32.17
(-7.98% downside)
Analyst Consensus: Buy
Stock Forecasts

News

Leonardo DRS: Expect Its Fast, Profitable Growth To Continue

Leonardo DRS is rated a Strong Buy due to defense spending tailwinds, improving margins, and expected double-digit EPS growth in 2025 and 2026. The company specializes in advanced sensing, network com...

13 days ago - Seeking Alpha

U.S. Navy Awards Leonardo DRS $235 Million Production Contract for AN/SPQ-9B Ship Protection Radar

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it was awarded a contract from NAVSEA to produce ship-based air and surface target detection AN/SPQ-9B radars. Th...

20 days ago - Business Wire

Leonardo DRS, Inc. (DRS) Q3 2024 Earnings Call Transcript

Leonardo DRS, Inc. (NASDAQ:DRS) Q3 2024 Earnings Conference Call October 30, 2024 10:00 AM ET Company Participants Steve Vather - Senior Vice President, Investor Relations and Corporate Finance Bill ...

21 days ago - Seeking Alpha

Leonardo DRS Announces Financial Results for Third Quarter 2024

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the third quarter 2024, which ended Septemb...

21 days ago - Business Wire

Leonardo DRS Awarded Contract to Deliver Additional Mission Equipment Packages for New SGT Stout Maneuver Short-Range Air Defense Platforms

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced that it has been awarded a contract by General Dynamics Land Systems (GDLS) to provide additional mission equipment packages...

5 weeks ago - Business Wire

Leonardo DRS Celebrates Six Years of Going Pink at AUSA to Raise Money for Military Women and Family Members Suffering From Breast Cancer

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it will celebrate its sixth year of sponsoring the “Stick It to Cancer” fundraiser at the United States Army (AUS...

5 weeks ago - Business Wire

Leonardo DRS and BlueHalo Successfully Demonstrate New Counter-UAS Directed Energy Stryker, Shooting Down Drones in Live-Fire Engagement

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) and BlueHalo announced today the successful live-fire demonstration of a new Counter Unmanned Aircraft System (C-UAS) Directed Energy ...

5 weeks ago - Business Wire

Leonardo DRS Opens New Facility at Aberdeen Proving Ground

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has opened a new facility designed to enhance collaboration on current and future programs based at the U.S. A...

7 weeks ago - Business Wire

Leonardo DRS Schedules Third Quarter 2024 Earnings Conference Call for October 30, 2024

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Wednesday, October 30, 2024 beginning at 10:00 a.m. (ET) to discuss its third quarter 2024 results...

2 months ago - Business Wire

Leonardo DRS Delivers Critical C5I Capabilities for New Australian Army Combat Vehicles

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has delivered, ahead of schedule, critical C5I capabilities for the Australian Army's Heavy Armoured Capabilit...

2 months ago - Business Wire

Leonardo DRS Awarded $117 Million Production Order for Family of Weapon Sights

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received an order for continued production of its next-generation thermal weapon sights for the U.S. Army....

3 months ago - Business Wire

Leonardo DRS Awarded $49 Million Contract for Additional Advanced Joint Assault Bridge Systems

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been awarded a contract to build additional advanced Joint Assault Bridge systems for the U.S. Army and th...

3 months ago - Business Wire

Leonardo DRS Awarded $52 Million Follow-On Production Order for Sniper Weapon Sights

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received an order for continued production of its advanced Sniper Weapon Sights for U.S. Army snipers. The...

3 months ago - Business Wire

Leonardo DRS: Fundamental Economics Fully Captured At Starting Multiples

Leonardo DRS, Inc. provides defense technology to US national security customers and allies globally. The business produced strong Q2 earnings with demand and pricing driving top-line growth. Based on...

3 months ago - Seeking Alpha

U.S. Navy Awards Leonardo DRS $417 Million Contract for Submarine Combat System Hardware

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it was awarded a contract by the U.S. Navy to provide critical electronic combat control and sonar systems equipm...

4 months ago - Business Wire

Leonardo DRS, Inc. (DRS) Q2 2024 Earnings Call Transcript

Leonardo DRS, Inc. (NASDAQ:DRS) Q2 2024 Results Conference Call July 30, 2024 10:00 AM ET Company Participants Steve Vather - SVP, IR & Corporate Finance Bill Lynn - Chairman & CEO Mike Dippold - CFO...

4 months ago - Seeking Alpha

Leonardo DRS Announces Financial Results for Second Quarter 2024

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the second quarter 2024, which ended June 3...

4 months ago - Business Wire

BAE Systems honors Leonardo DRS with a ‘Partner 2 Win' Supplier of the Year award

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it received a BAE Systems ‘Partner 2 Win' Supplier of the Year award. DRS was chosen from a select pool of suppli...

4 months ago - Business Wire

Leonardo DRS Recognized for Commitment to National Security with 2024 James S. Cogswell Award

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that its Naval Power Systems facility in Danbury, CT. has been awarded the 2024 James S. Cogswell Award for Outstandin...

4 months ago - Business Wire

Leonardo DRS Delivers 1,000th Infrared Sensor Key to U.S. Army Helicopter Missile Warning System

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has provided the 1,000th advanced sensor package which is at the core of BAE Systems' 2-Color Advanced Warning...

5 months ago - Business Wire

Leonardo DRS Schedules Second Quarter 2024 Earnings Conference Call for July 30, 2024

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Tuesday, July 30, 2024 beginning at 10:00 a.m. (ET) to discuss its second quarter 2024 results. Th...

5 months ago - Business Wire

Leonardo DRS Tapped to Provide Additional Advanced Laser Systems to Protect U.S. Military Aircraft from Missile Threats

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received another full-rate production contract to supply its industry-leading Quantum Cascade Laser (QCL) ...

5 months ago - Business Wire

U.S. Navy Awards Leonardo DRS Radar Design Agent and Engineering Services for AN/SPQ-9B

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it was awarded a contract from NAVSEA to provide AN/SPQ-9B radar design agent and engineering services. The contr...

6 months ago - Business Wire

Leonardo DRS Has Upside Potential

Leonardo DRS stock has steadily climbed since the acquisition of Rada Electronic Industries, with potential to reach $26 per share in 6 months and $30 in 12 months. The company's strong growth, moment...

6 months ago - Seeking Alpha

Leonardo DRS Awarded Contract to Build Next-Generation Aerial Refueling Operator Station for KC-46 Pegasus Tanker Fleet

ARLINGTON, V--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it was awarded a contract from Boeing Defense to provide the upgraded Aerial Refueling Operator Station (AROS 2.0) ...

7 months ago - Business Wire