Comparing the current results to its competitors, Leonardo Drs Inc reported Revenue increase in the 1 quarter 2026 by 5.88 % year on year. The revenue growth was below Leonardo Drs Inc 's competitors' average revenue growth of 8.6 %, achieved in the same quarter.
Leonardo Drs Inc Net Income in the 1 quarter 2026 grew year on year by 24%, faster than the Leonardo Drs Inc 's competitors average income growth of 23.17 %
Leonardo Drs Inc 's Comment on Competition and Industry Peers
The company operates in a competitive defense market alongside divisions of large defense primes, mid-tier and smaller defense firms, and certain non-traditional companies. Some competitors have greater resources for research and development. Customers assess competitors based on product performance, cost, overall value, delivery schedule, embedded positions, past performance, innovation, and reputation. The company functions as both a prime contractor and subcontractor, with 39% of its 2025 revenue from prime contracts directly with the U.S. government and 61% from subcontracting, often serving as a system provider to platform providers. A significant portion of revenue comes from long-term programs where the company is an incumbent or sole/dual supplier.
August 13, 2025
In an era where modernization and advanced technology are critical for military efficacy, Leonardo DRS, Inc. is making substantial strides in the defense sector. The company s recent endeavors, including successful demonstrations of its advanced maritime Mission Equipment Package (MEP) for counter-Uncrewed Aerial Systems (CUAS), a $16.9 million award for modernizing the M109A7 Paladin’s weapon control system, and the delivery of its 100,000th Mounted Family of Computer Systems (MFoCS) to the U.S. Army, underscore its position as a key player in military innovation. Key Facts and Developments: 1. Maritime Mission Equipment Package (MEP) Demonstration : Leonardo DRS recently completed its first series of op...
October 15, 2024
Leonardo DRS Champions Breast Cancer Awareness at AUSA with Stick It to Cancer Fundraiser In a commendable initiative to support military families affected by breast cancer, Leonardo DRS, Inc. (NASDAQ: DRS) has announced its sixth consecutive year of sponsoring the Stick It to Cancer fundraiser at the Association of the United States Army (AUSA) exposition in Washington, D.C. This year s event, a focal point in recognition of Breast Cancer Awareness Month, underscores the company’s ongoing commitment to aiding military personnel and their loved ones grappling with the impact of this pervasive illness.The initiative, executed in partnership with The Henry M. Jackson Foundation for the Advancement of Milit...
October 1, 2024
In the rapidly evolving defense landscape, where technological advancements dictate the effectiveness of military operations, Leonardo DRS, Inc. continues to position itself as a pivotal player. With two significant announcements heralding both infrastructure expansion and substantial contract awards, the company signals a robust growth trajectory which could reshape the dynamics of military hardware production in the United States and beyond. A New Hub in AberdeenLocated at the U.S. Army s Aberdeen Proving Grounds (APG) in Maryland, Leonardo DRS has inaugurated a state-of-the-art facility aimed at enhancing collaboration on current and future military programs. This new venture encompasses an engineering la...
August 23, 2024
In a significant move for defense contracting and international military collaboration, Leonardo DRS, Inc. has been awarded a substantial $49 million contract to produce additional advanced Joint Assault Bridge (JAB) systems for the U.S. Army, as well as the Romanian military through a Foreign Military Sales agreement. This contract not only underscores the growing demand for cutting-edge military solutions but also highlights the company s performance amidst a competitive landscape.The Joint Assault Bridge is a next-generation track-wheeled armored engineer vehicle, ingeniously built upon a modified M1A1 Abrams Main Battle Tank chassis. Designed to provide vital logistical support in combat operations, the ...
July 17, 2024
BAE Systems Honors Leonardo DRS as Partner 2 Win Supplier of the Year, Recognizing Exceptional Performance and Commitment to Customer ExcellenceARLINGTON, Va. - Leonardo DRS, Inc. (NASDAQ: DRS), a leading defense technology company, has been awarded the highly esteemed Partner 2 Win Supplier of the Year accolade by BAE Systems. This prestigious recognition highlights Leonardo DRS s consistent delivery of exceptional performance and contributions to the supply chain success of BAE Systems Electronic Systems sector in 2023.As a strategic partner, Leonardo DRS has consistently demonstrated its commitment to customer satisfaction and operational excellence. The company s dedication to providing innovative solut...
July 2, 2024
Leonardo DRS: Pioneering Advanced Defense Technologies for U.S. Military As global threats continue to evolve, so too does the technology designed to counteract them. Leonardo DRS, Inc. (NASDAQ: DRS), a leading defense contractor and technology innovator, has solidified its position at the forefront of military defense systems with a series of significant contracts and milestones. Headquartered in Arlington, Virginia, Leonardo DRS has demonstrated a steadfast commitment to enhancing the protective capabilities of U.S. military assets through cutting-edge technologies. Here’s a closer look at their recent achievements in missile warning systems, infrared countermeasures, and radar engineering services. Mile...
June 11, 2024
Leonardo DRS Tapped to Provide Cutting-Edge Defense Technologies to Protect U.S. Military Aircraft and Enhance Naval Radar Systems ARLINGTON, Va. - Leonardo DRS, Inc. (NASDAQ: DRS), a leader in advanced defense and aerospace technology, has been awarded two significant contracts underscoring its pivotal role in reinforcing the U.S. military’s defense capabilities across both aerial and naval domains.In a notable development, Leonardo DRS has received a full-rate production contract to supply its state-of-the-art Quantum Cascade Laser (QCL) technology. This advanced technology is integral to the Common Infrared Countermeasure (CIRCM) systems critical for protecting U.S. military aircraft from missile thre...
May 29, 2024
Leonardo DRS, Inc. (NASDAQ: DRS), a leading defense contractor, recently announced securing two significant contracts worth a cumulative value of over $26 million. The first contract, awarded by the Naval Sea Systems Command (NAVSEA), involves the provision of radar design agent and engineering services for the AN/SPQ-9B radar system. The second contract, awarded by Boeing Defense, requires Leonardo DRS to manufacture and deliver upgraded Aerial Refueling Operator Stations (AROS 2.0) for the U.S. Air Force KC-46 Pegasus refueling tanker aircraft.Under the contract with NAVSEA, Leonardo DRS is tasked with providing a wide range of services, including system engineering, software development, hardware design,...
May 8, 2024
Leonardo DRS Outperforms Competitors with Skyrocketing Revenue and Aerial Refueling Contract for KC-46 Pegasus Tanker FleetWith a notable increase in revenue in Quarter 1 of 2024 and a prominent contract awarded by Boeing Defense, Leonardo DRS, Inc. is setting standards in the competitive landscape of aerospace and defense. The company, listed on NASDAQ as DRS, has reported a whopping increase in its revenue by 20.91 % year on year in Q1 of 2024. Such an impressive figure significantly surpasses the average revenue growth of its competitors, which stands at merely 5.11 % for the same period.Leonardo DRS is not only leading in terms of revenue; their net margin of 4.22 % also indicates higher profitability th...
January 30, 2024
ARLINGTON, Va. - Aerospace and defense giant Leonardo DRS, Inc. (NASDAQ: DRS) is revolutionizing modern warfare with groundbreaking technological advancements. It recently celebrated the delivery of the 1,000th unit of its ruggedized laser system, Solaris, a key component of Northrop Grumman’s Common Infrared Countermeasures (CIRCM) system. Additionally, it garnered contracts worth over $3 billion for the U.S. Navy s Columbia-Class Submarine Program, and marked a successful first sea trial for its hybrid electric drive propulsion system in the Republic of Korea Navy s new Ulsan-class frigate. The Solaris laser system, integral to the CIRCM platform, is a state-of-the-art protection system specifically desi...
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Sources:
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