Leonardo DRS (DRS)
Builds sensing, battlefield computing, force-protection, and naval power systems.
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Sells defense sensors, rugged computing, force-protection systems, and naval electric power through two operating segments. Most revenue comes directly or indirectly from U.S. government contracts, while Italian parent Leonardo remains the controlling shareholder.
Builds defense electronics across Advanced Sensing and Computing and Integrated Mission Systems. The portfolio covers tactical radar and other sensors, rugged battlefield computing, force-protection systems, and naval electric power and propulsion.
Serves mission programs concentrated in the United States, with most revenue tied directly or indirectly to U.S. government contracts. Decades of acquisitions broadened the original naval signal-processing business, while the RADA combination added tactical-radar capabilities and returned the shares to Nasdaq.
Operates as a U.S. defense contractor controlled by Italian aerospace group Leonardo. Sensitive and classified work is governed by Defense Department-related security arrangements that limit the foreign parent's control, while Navy and Army programs remain central customer dependencies.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Guggenheim | Initiate | Rating: —Target: — | Target: $51 |
| May 6, 2026 | Canaccord Genuity | Reiterate | Rating: —Target: — | Target: $54 |
| Feb 25, 2026 | Truist Financial | Target | Target: $54 | Target: $59 |
| Feb 25, 2026 | Morgan Stanley | Target | Target: $40 | Target: $47 |
| Jan 9, 2026 | Truist Financial | Target | Target: $37 | Target: $54 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $270.0M · Total debt $267.0M · Total assets $4.20B · Shareholders' equity $2.80B
- Revenue
- $913.0M
- Operating income
- $102.0M
- Net income
- $86.0M
HistoryDividendAnnual yield
| Institutions | 26.79% | 71.49M shares | |
|---|---|---|---|
| 391 holders · as of Jun 30, 2026 | |||
| Insiders | 0.32% | 843.2K shares | |
| 16 holders · as of Sep 10, 2026 | |||
| Other | 72.89% | 194.56M shares | |
| remainder | |||
266.89M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 1.87% | 4.99M | as of Jun 30, 2026 |
State Street CorpInstitution | 1.69% | 4.51M | as of Jun 30, 2026 |
AQR Capital Management LLCInstitution | 1.66% | 4.43M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 1.35% | 3.61M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 1.34% | 3.57M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 4, 2026 | Mark Dorfman | officer: EVP, GC and Secretary | −7,471 | $37.01 |
| Sep 2, 2026 | Michael Dippold | officer: EVP and CFO | −20,317 | $37.18 |
| Aug 4, 2026 | Jason Rinsky | officer: EVP Chief Tax and Treasury | −3,864 | $45.81 |
| Jul 7, 2026 | Jason Rinsky | officer: EVP Chief Tax and Treasury | −3,865 | $45.37 |
| Jun 18, 2026 | John Baylouny | director, officer: President and CEO | −36,471 | $45.67 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Leonardo DRS | $37.20 | −1.99% | $10.13B | 31.6 | 27.9 | 2.7 | +10.1% |
| L3Harris Technologies | $240.32 | −2.68% | $45.98B | 24.9 | 19.4 | 2.0 | +8.4% |
| RTX | $191.47 | −1.48% | $261.92B | 34.2 | 26.0 | 2.8 | +14.5% |
| Elbit Systems | $745.51 | −0.69% | $35.17B | 56.1 | — | 4.1 | +15.9% |
| Teledyne Technologies | $613.16 | +0.67% | $28.23B | 29.4 | 24.0 | 4.4 | +9.8% |
| Northrop Grumman | $510.03 | −3.16% | $74.82B | 16.7 | 17.4 | 1.7 | +5.1% |
| Curtiss-Wright | $552.85 | −2.67% | $20.98B | 39.1 | 34.4 | 5.7 | +5.4% |
| Median | 31.8 | 24.0 | 3.5 | +9.1% |