Michael Ciarmoli

Andre Madrid

Kristine Liwag

Peter Arment

Robert Stallard

Seth Seifman

Jonathan Tanwanteng

Austin Moeller

Ronald Epstein

Alexander Preston

Anthony Valentini

Carl Osler

Jan-Frans Engelbrecht

Jon Tanwanteng

Justin Ages

Ron Epstein

- 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.  **[1833756_e8d979d0b6a4457fadff70fc926d9de0]** 
- 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**.  **[1833756_e8d979d0b6a4457fadff70fc926d9de0]** 
- 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**.  **[1833756_e8d979d0b6a4457fadff70fc926d9de0]**

Leonardo DRS Reports Strong Q3 2025 Earnings and Raises Full-Year Guidance

- 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.  **[0001833756_2212642_1]** **[0001833756_2212642_5]**  This performance contributed to a record total backlog of **$8.9 billion**, up **8%** year-over-year.  **[0001833756_2212642_1]** 
- 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.  **[0001833756_2212642_1]** **[0001833756_2212642_5]** **[0001833756_2212642_6]** 
- **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.  **[0001833756_2212642_2]** 
- 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**.  **[0001833756_2212642_1]** **[0001833756_2212642_2]** **[0001833756_2212642_7]**  The company also made a **$15 million** investment in Hoverfly for unmanned capabilities.  **[0001833756_2212642_10]**

DRS Reports Strong Q3 2025 Results and Announces CEO Transition

- 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**.  **[0001833756_2211529_6]** 
- 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.  **[0001833756_2211529_1]** 
- 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**.  **[0001833756_2211529_1]** **[0001833756_2211529_6]** 
- **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.  **[0001833756_2211529_3]**

- **DRS reported strong Q3 2025 results**, with **revenue of $960 million** and **Adjusted Diluted EPS of $0.29**.  **[0001833756_2210916:7]** 
- 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**.  **[0001833756_2210916:5]** **[0001833756_2210916:7]** 
- 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**.  **[0001833756_2210916:9]** 
- 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**.  **[0001833756_2210916:5]** **[0001833756_2210916:6]** **[0001833756_2210916:9]**

Leonardo DRS Announces Q3 2025 Results and Updates 2025 Guidance

- 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**.  **[0001833756_2212751_5]** 
- 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.  **[0001833756_2212751_1]**  Funded backlog also grew **20% year-over-year**.  **[0001833756_2212751_1]** 
- 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**.  **[0001833756_2212751_5]** 
- Progress is being made to strengthen the germanium supply chain through recycling and strategic agreements, with expectations to fully resolve constraints in **2026**.  **[0001833756_2212751_2]** **[0001833756_2212751_9]** 
- **William Lynn will retire as Chairman and CEO on January 1**, 2026, and **John Baylouny, the current COO, has been named the new CEO**.  **[0001833756_2212751_2]**

DRS Reports Strong Q3 2025 Results, Raises Full-Year Revenue Guidance, and Announces CEO Transition

- 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**.  **[1833756_0001833756-25-000007_q32025earningspressrelease.htm:0]** 
- 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.  **[1833756_0001833756-25-000007_q32025earningspressrelease.htm:0]** **[1833756_0001833756-25-000007_q32025earningspressrelease.htm:1]** 
- 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**.  **[1833756_0001833756-25-000007_q32025earningspressrelease.htm:0]** **[1833756_0001833756-25-000007_q32025earningspressrelease.htm:2]** 
- 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.  **[1833756_0001833756-25-000007_q32025earningspressrelease.htm:0]** **[1833756_0001833756-25-000007_q32025earningspressrelease.htm:1]**  It also made a **$15 million investment** in Hoverfly Technologies, increasing its stake to approximately **25%**.  **[1833756_0001833756-25-000007_q32025earningspressrelease.htm:1]**

Leonardo DRS Announces Strong Q3 2025 Results and Updates Guidance

- **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.  **[1833756_3eff04757d364e6aa3166a65eb7b0da8]** 
- 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**.  **[1833756_3eff04757d364e6aa3166a65eb7b0da8]** 
- The **CAESAR howitzer** is combat-proven in conflicts including Ukraine, Afghanistan, and Iraq, and was previously evaluated by the U.S. Army in 2021.  **[1833756_3eff04757d364e6aa3166a65eb7b0da8]** 
- 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.  **[1833756_3eff04757d364e6aa3166a65eb7b0da8]**

Leonardo DRS and KNDS Partner for U.S. Army Howitzer Modernization Program

- **Leonardo DRS** won **first place** in a Department of Defense counter-drone competition on **October 9, 2025**, by demonstrating an advanced electronic warfare system.  **[1833756_1875de41252349a99d04d68948a19f1d_0]**  This system can be integrated into the company’s existing counter-UAS capabilities, reinforcing its leadership in air defense for the U.S. military.  **[1833756_1875de41252349a99d04d68948a19f1d_0]** 
- On **October 10, 2025**, Leonardo DRS announced it will mark its **seventh year** of supporting the "Stick It to Cancer" fundraiser at the 2025 AUSA Annual Meeting & Exposition, recognizing Breast Cancer Awareness Month and supporting military families.  **[1833756_1875de41252349a99d04d68948a19f1d_0]**

Leonardo DRS Wins DoD Counter-UAS Competition

- **Hoverfly Technologies** successfully closed a **$20 million Series B funding round**.  **[1833756_20251008FL92244:0]** 
- The investment was led by existing production partner **Leonardo DRS**, contributing **$15 million**, and new investor **Korea Robot Manufacturing (KRM)**, contributing **$5 million**.  **[1833756_20251008FL92244:0]** 
- The funding will support Hoverfly's continued growth, enable the **expansion of product offerings** and operations, and establish both **DRS** and **KRM** as official resellers and integrators of Hoverfly's Sentry and Spectre systems.  **[1833756_20251008FL92244:0]** 
- Strategic partnerships include a manufacturing agreement with **DRS** to expand production and a collaboration with **KRM** to establish a U.S.-based facility for domestic component production, enhancing supply chain resilience.  **[1833756_20251008FL92244:0]** 
- This investment aligns with U.S. defense priorities, as Hoverfly's technology is a **domestically sourced alternative** and the only tethered drone on the DIU Blue List.  **[1833756_20251008FL92244:0]**

Leonardo DRS (DRS)