Earnings summaries and quarterly performance for Leonardo DRS.
Executive leadership at Leonardo DRS.
Board of directors at Leonardo DRS.
DW
David W. Carey
Detailed
Director
DL
Dr. Louis R. Brothers
Detailed
Director
EC
Eric C. Salzman
Detailed
Director
FF
Frances F. Townsend
Detailed
Lead Independent Director
GS
Gail S. Baker
Detailed
Director
GG
General George W. Casey, Jr.
Detailed
Director
KJ
Kenneth J. Krieg
Detailed
Director
ME
Mary E. Gallagher
Detailed
Director
Research analysts who have asked questions during Leonardo DRS earnings calls.
Michael Ciarmoli
Truist Securities, Inc.
6 questions for DRS
Also covers: AIN, AIR, ASLE +20 more
Andre Madrid
BTIG
5 questions for DRS
Also covers: AIRO, AMTM, ATI +10 more
JT
Jonathan Tanwanteng
CJS Securities
5 questions for DRS
Also covers: APG, ATRO, CMCO +16 more
Kristine Liwag
Morgan Stanley
5 questions for DRS
Also covers: , AER, AMTM +27 more
PA
Peter Arment
Robert W. Baird & Co.
5 questions for DRS
Also covers: AIN, AVAV, BA +20 more
Robert Stallard
Vertical Research Partners
5 questions for DRS
Also covers: BA, BAESY, EADSY +12 more
SS
Seth Seifman
JPMorgan Chase & Co.
5 questions for DRS
Also covers: ATI, BA, BAH +22 more
RE
Ronald Epstein
Bank of America
4 questions for DRS
Also covers: , AER, AL +26 more
Austin Moeller
Canaccord Genuity
3 questions for DRS
Also covers: , ACHR, AVAV +20 more
AP
Alexander Preston
Bank of America Merrill Lynch
2 questions for DRS
Also covers: AIN, BWXT, HXL +2 more
Anthony Valentini
Goldman Sachs
2 questions for DRS
Also covers: AVAV, BETA, CAE +4 more
CO
Carl Osler
Vertical Research Partners
1 question for DRS
Jan-Frans Engelbrecht
Baird
1 question for DRS
Also covers: AVAV, BWXT, CACI +1 more
Justin Ages
CJS Securities
1 question for DRS
Also covers: CR, CVCO, DBD +3 more
Recent press releases and 8-K filings for DRS.
Leonardo DRS, Inc. enters into new $500 million revolving credit facility
DRS
Debt Issuance
Share Buyback
- Leonardo DRS, Inc. entered into a five-year senior unsecured $500 million revolving credit facility on January 28, 2026.
- The proceeds from the Credit Facility will be used for working capital and other general corporate purposes, which may include share repurchases.
- Interest rates for Term SOFR loans range from Term SOFR plus a margin of 1.250% to 1.625%, and for base rate loans, a margin of 0.250% to 0.625% applies over the highest of Federal Funds Rate plus 0.50%, Prime Rate, or one-month Term SOFR plus 1.00%. The initial commitment fee on the unused portion is 0.150%.
- The Credit Agreement requires the company to comply with a maximum total net leverage ratio of 3.75 to 1.00 (subject to a temporary increase to 4.00 to 1.00 for certain material acquisitions) and maintain a net interest coverage ratio of at least 3.00 to 1.00.
- Concurrently, the company terminated its existing credit agreement from November 29, 2022, with no outstanding loan borrowings or early termination penalties incurred.
Jan 28, 2026, 9:17 PM
Leonardo DRS Awarded Subcontract for Space-Based Infrared Sensor Payload
DRS
New Projects/Investments
- Leonardo DRS was awarded a subcontract to provide Infrared Mission Payloads for the Space Development Agency’s (SDA) Tracking Layer Tranche 3 (TRKT3) program.
- These payloads are a critical part of the U.S. military’s advanced missile defense program, designed for global detection, warning, and tracking of ballistic missiles and hypersonic weapons.
- DRS will be responsible for the design, build, integration, and testing of the advanced infrared mission payloads.
- The company's CEO, John Baylouny, noted that this award recognizes DRS's innovative technology and continued investment in advanced space-based capabilities.
Jan 27, 2026, 1:00 PM
Leonardo DRS Opens New Naval Power and Propulsion Facility
DRS
New Projects/Investments
- Leonardo DRS has officially opened a new, 140,000-square-foot naval power and propulsion manufacturing and testing facility in Charleston, South Carolina.
- This strategic investment expands domestic production capacity to support U.S. Navy submarine and shipbuilding programs, including the Columbia-class ballistic missile submarine program.
- The facility will provide advanced manufacturing, assembly, integration, and testing for naval electric power and propulsion systems, as well as naval steam turbine systems.
- The expansion aims to strengthen the defense industrial base and deliver scalable integrated power architectures for next-generation surface combatants and submarines.
Jan 23, 2026, 1:00 PM
Leonardo DRS Reports Strong Q3 2025 Earnings and Raises Full-Year Guidance
DRS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Leonardo DRS reported strong third-quarter 2025 financial results, with revenue increasing 18% to $960 million and adjusted earnings per share reaching $0.29, both exceeding analyst expectations.
- The company raised its full-year 2025 guidance, forecasting adjusted earnings per share in the range of $1.07 to $1.12 and revenues between $3.55 billion and $3.60 billion.
- Growth was driven by robust demand for defense technologies and disciplined program execution, supported by a strong book-to-bill ratio of 1.4 and healthy financial metrics including a current ratio of 2.11.
Oct 29, 2025, 3:00 PM
DRS Reports Strong Q3 2025 Results and Announces CEO Transition
DRS
Earnings
Guidance Update
Management Change
- Leonardo DRS reported strong Q3 2025 financial results, including $1.3 billion in bookings, an 18% increase in revenue to $960 million, and a 21% rise in adjusted diluted EPS to $0.29 per share. This performance contributed to a record total backlog of $8.9 billion, up 8% year-over-year.
- The company increased its full-year 2025 revenue growth expectations to 10%-11%, projecting revenue between $3.55 billion and $3.6 billion, and raised adjusted diluted EPS guidance to $1.07 to $1.12 per share.
- William Lynn will retire as Chairman and CEO on January 1, 2026, with John Baylouny appointed as the new CEO and Fran Townsend as the new Chair.
- DRS continues to see strong demand in Counter-UAS, advanced infrared sensing, naval network computing, and electric power and propulsion technologies, and is making progress in resolving germanium supply chain constraints for 2026. The company also made a $15 million investment in Hoverfly for unmanned capabilities.
Oct 29, 2025, 1:30 PM
DRS Reports Strong Q3 2025 Results and Announces CEO Transition
DRS
Earnings
Guidance Update
CEO Change
- DRS reported strong financial results for Q3 2025, with revenue increasing 18% to $960 million, adjusted EBITDA up 17% to $117 million, and adjusted diluted EPS rising 21% to $0.29.
- The company secured $1.3 billion in bookings, resulting in a 1.4 book-to-bill ratio, and achieved a record total backlog of $8.9 billion, an 8% increase year over year.
- DRS increased its full-year 2025 revenue growth expectations to 10% to 11%, projecting revenue in the range of $3.55 billion to $3.6 billion.
- Bill Lynn will retire as Chairman and CEO on January 1, 2026, with John Baylouny, the current COO, appointed as the new CEO, and Fran Townsend becoming the new Chair of the Board.
Oct 29, 2025, 1:30 PM
Leonardo DRS Announces Q3 2025 Results and Updates 2025 Guidance
DRS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- DRS reported strong Q3 2025 results, with revenue of $960 million and Adjusted Diluted EPS of $0.29.
- The company achieved $1.3 billion in quarterly bookings, leading to a 1.4x book-to-bill ratio and a record total backlog of $8,909 million.
- DRS revised its 2025 guidance upwards for revenue to $3,550 - $3,600 million and Adjusted Diluted EPS to $1.07 - $1.12, while maintaining Adjusted EBITDA guidance at $437 - $453 million.
- The company expects double-digit organic revenue growth for full year 2025 and anticipates Free Cash Flow to track towards approximately 80% of Adjusted Net Earnings.
Oct 29, 2025, 1:30 PM
DRS Reports Strong Q3 2025 Results, Raises Full-Year Revenue Guidance, and Announces CEO Transition
DRS
Earnings
Guidance Update
CEO Change
- Leonardo DRS reported robust Q3 2025 financial performance, with revenue increasing 18% to $960 million, adjusted EBITDA rising 17% to $117 million, and adjusted diluted EPS growing 21% to $0.29 per share.
- The company achieved $1.3 billion in bookings, resulting in a 1.4 book-to-bill ratio for the quarter and propelling total backlog to a record $8.9 billion, an 8% increase year-over-year. Funded backlog also grew 20% year-over-year.
- DRS raised its full-year 2025 revenue guidance to a range of $3.55 billion to $3.6 billion, implying 10% to 11% year-over-year growth.
- Progress is being made to strengthen the germanium supply chain through recycling and strategic agreements, with expectations to fully resolve constraints in 2026.
- William Lynn will retire as Chairman and CEO on January 1, 2026, and John Baylouny, the current COO, has been named the new CEO.
Oct 29, 2025, 1:30 PM
Leonardo DRS Announces Strong Q3 2025 Results and Updates Guidance
DRS
Earnings
Guidance Update
Dividends
- Leonardo DRS reported strong financial results for Q3 2025, with revenue increasing 18% year-over-year to $960 million and diluted EPS growing 24% to $0.26.
- The company secured $1.3 billion in bookings during Q3 2025, achieving a book-to-bill ratio of 1.4x, and its backlog reached a record $8.9 billion, an 8% increase year-over-year.
- Leonardo DRS revised its 2025 guidance, now expecting revenue between $3,550 million and $3,600 million and Adjusted Diluted EPS between $1.07 and $1.12.
- The company declared a cash dividend of $0.09 per common share payable on December 2, 2025, and repurchased 247,558 shares for approximately $10 million in Q3 2025. It also made a $15 million investment in Hoverfly Technologies, increasing its stake to approximately 25%.
Oct 29, 2025, 11:31 AM
Leonardo DRS and KNDS Partner for U.S. Army Howitzer Modernization Program
DRS
New Projects/Investments
Product Launch
- Leonardo DRS has partnered with European defense company KNDS to offer the CAESAR self-propelled 155 mm/52-caliber howitzer to the U.S. Army for its Self-Propelled Howitzer Modernization program.
- Under the partnership, Leonardo DRS will act as the prime contractor and system integrator, with KNDS providing the weapon system and core technologies, aiming to meet the Army’s modernization timeline from 2026 to 2030.
- The CAESAR howitzer is combat-proven in conflicts including Ukraine, Afghanistan, and Iraq, and was previously evaluated by the U.S. Army in 2021.
- This collaboration positions them against competitors like Rheinmetall, Elbit, BAE, Hanwha, and General Dynamics, emphasizing local integration and production to meet the Army's need for greater artillery range, mobility, and precision fire support.
Oct 13, 2025, 9:13 PM
Quarterly earnings call transcripts for Leonardo DRS.
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