Leonardo DRS selects Ernst & Young as new auditor for FY2022, replacing KPMG due to EU rotation rules

Leonardo DRS, Inc.

Audit Committee selected EY as independent registered public accounting firm for FY2022, subject to completion of acceptance procedures.
EY selection tied to parent Leonardo S.p.A.'s appointment of EY affiliate under European mandatory audit firm rotation rules.
KPMG to be dismissed after completing FY2021 audit; no disagreements or reportable events in prior periods.
KPMG's reports for FY2019-2020 were unqualified except for an emphasis-of-matter on lease accounting change (ASC 842).

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