Leonardo DRS, Inc. (DRS)

NASDAQ: DRS · IEX Real-Time Price · USD
20.94
-0.18 (-0.85%)
At close: Feb 20, 2024, 4:00 PM
20.75
-0.19 (-0.91%)
After-hours: Feb 20, 2024, 7:05 PM EST
-0.85%
Market Cap 5.49B
Revenue (ttm) 2.72B
Net Income (ttm) 159.00M
Shares Out 262.04M
EPS (ttm) -0.10
PE Ratio n/a
Forward PE 26.02
Dividend n/a
Ex-Dividend Date n/a
Volume 577,491
Open 21.12
Previous Close 21.12
Day's Range 20.72 - 21.12
52-Week Range 10.80 - 21.30
Beta n/a
Analysts Strong Buy
Price Target 19.50 (-6.88%)
Earnings Date Feb 27, 2024

About DRS

Leonardo DRS, Inc., together with its subsidiaries, provides defense electronic products, systems, and military support service. 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, precisio... [Read more]

Sector Industrials
Founded 1969
Employees 6,400
Stock Exchange NASDAQ
Ticker Symbol DRS
Full Company Profile

Financial Performance

In 2022, Leonardo DRS's revenue was $2.69 billion, a decrease of -6.46% compared to the previous year's $2.88 billion. Earnings were $405.00 million, an increase of 162.99%.

Financial Statements

Analyst Forecast

According to 4 analysts, the average rating for DRS stock is "Strong Buy." The 12-month stock price forecast is $19.5, which is a decrease of -6.88% from the latest price.

Price Target
$19.5
(-6.88% downside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

Leonardo DRS Delivers 1,000th Laser System Key to Rotor and Fixed-Wing Aircraft Protection System

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has delivered the 1,000th Solaris™ ruggedized laser system that is at the heart of Northrop Grumman's Common I...

21 days ago - Business Wire

Leonardo DRS Schedules Fourth Quarter 2023 and Full Year 2023 Earnings Conference Call for February 27, 2024

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Tuesday, February 27, 2024 beginning at 10:00 a.m. (ET) to discuss its fourth quarter 2023 and ful...

22 days ago - Business Wire

Leonardo DRS Unveils Stretto Family of Laser Systems for Quantum Information Science Applications

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has launched the Stretto family of high-precision lasers, a next-generation system with unparalleled performan...

4 weeks ago - Business Wire

Leonardo DRS Awarded Contracts Valued at Over $3 Billion for U.S. Navy's Columbia-Class Submarine Program

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) has been awarded contracts valued at over $3 billion, when fully funded, to provide integrated electric propulsion system products for...

5 weeks ago - Business Wire

Leonardo DRS Hybrid Electric Drive Propulsion System Successful in Republic of Korea Navy Sea Trials of First Ulsan-Class Frigate

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today the successful completion of comprehensive sea trials of the first Ulsan-Class Future Frigate experimental Batch-3 (FF...

3 months ago - Business Wire

Leonardo DRS Announces Pricing of an Upsized Secondary Offering of Common Stock by a Leonardo S.p.A. Subsidiary

ARLINGTON, Va.--(BUSINESS WIRE)--LEONARDO DRS INC. (NASDAQ: DRS) Leonardo DRS, Inc. (“DRS”) announced today the pricing of an upsized public secondary offering of 18,000,000 shares of its common stock...

3 months ago - Business Wire

Leonardo DRS Announces Launch of Proposed Secondary Offering of Common Stock by a Leonardo S.p.A. Subsidiary

ARLINGTON, Va.--(BUSINESS WIRE)--LEONARDO DRS INC. (NASDAQ: DRS) Leonardo DRS, Inc. (“DRS”) announced today the commencement of a public secondary offering of 16,500,000 shares of its common stock by ...

3 months ago - Business Wire

Leonardo DRS Awarded More than $134 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 Announces Financial Results for Third Quarter 2023

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the third quarter 2023, which ende...

3 months ago - Business Wire

Leonardo DRS Awarded Contract for Prototype Next-Generation Joint Effects Targeting System II for Forward Observers

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has been awarded a contract to produce a prototype of the next-generation Joint Effects Targeting System II (J...

4 months ago - Business Wire

Leonardo DRS On Board Vehicle Power System Shines in Major U.S. Army Evaluation

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has successfully demonstrated its On Board Vehicle Power (OBVP) technology to provide vehicle-based electrical...

4 months ago - Business Wire

Leonardo DRS Celebrates Five 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 fifth year of sponsoring the “Stick It to Cancer” fundraiser at the United States Army (AUS...

4 months ago - Business Wire

Leonardo DRS to Host Investor Day in New York on March 14, 2024

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has announced that it will host its investor day on Thursday, March 14, 2024 with presentations scheduled to begin at 9:00 a....

5 months ago - Business Wire

Leonardo DRS Schedules Third Quarter 2023 Earnings Conference Call for November 2, 2023

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Thursday, November 2, 2023 beginning at 10:00 a.m. (ET) to discuss its third quarter 2023...

5 months ago - Business Wire

Leonardo DRS Announces Voluntary Delisting from the Tel Aviv Stock Exchange

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS) (“Leonardo DRS” or the “Company”) today announced that it is taking steps to voluntarily delist its common stock from the Tel...

5 months ago - Business Wire

Leonardo DRS Unveils New 5-inch Electro-Optical/Infrared Stabilized Gimbal for Group 1 UAS Platforms

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it is releasing its next-generation 5-inch stabilized, multi-sensor EO/IR payload gimbal, with market leading hig...

5 months ago - Business Wire

Leonardo DRS Announces Financial Results for Second Quarter 2023

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the second quarter 2023, which end...

7 months ago - Business Wire

Leonardo DRS Earns Raytheon Technologies Premier Award

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that its Airborne and Intelligence Systems business unit was awarded a Raytheon Technologies Premier Award for perform...

8 months ago - Business Wire

Leonardo DRS Recognized for Commitment to National Security with 2023 James S. Cogswell Award

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that its Land Systems business unit facility in Bridgeton, Mo. has been awarded the 2023 James S. Cogswell Award for O...

8 months ago - Business Wire

Leonardo DRS Schedules Second Quarter 2023 Earnings Conference Call for August 2, 2023

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Wednesday, August 2, 2023 beginning at 10:00 a.m. (ET) to discuss its second quarter 2023...

8 months ago - Business Wire

20 Stocks That Look Like They're in Bubble Territory Right Now

Stocks that are difficult to sell short are likely to be overvalued, a new study finds. These fit the bill.

8 months ago - Barrons

Leonardo DRS Unveils New 8-inch Electro-Optical/Infrared Stabilized Gimbal for Group 2 and 3 UAS Platforms

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it is releasing its next-generation stabilized, multi-sensor EO/IR payload gimbal for small to medium Unmanned Ai...

8 months ago - Business Wire

Leonardo DRS Awarded $94 Million Contract for Advanced Infrared Weapon Sights for Army Snipers

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received a new contract to produce its next-generation infrared weapon sights for U.S. Army infantry snipe...

9 months ago - Business Wire

Leonardo DRS Set to Join the Russell 2000® and Russell 3000® Indexes

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, announced today that it has been added to the Russell 2000® and broad-m...

9 months ago - Business Wire

Leonardo DRS Recognized With Prestigious Award for Role in Development of Critical Infrared Technology

ARLINGTON, Va.--(BUSINESS WIRE)--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 infra...

10 months ago - Business Wire