---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-007451"
form_type: "8-K"
ticker: "DRS"
cik: "0001833756"
company_name: "Leonardo DRS, Inc."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:47:55.043681+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Leonardo S.p.A. FY2022: revenue €14.7B, net result €932M, dividend €0.14

## Summary
- New orders €17.3B (+21% YoY), backlog €37.5B, book-to-bill 1.2x.
- EBITA €1.2B (+14.9% adjusted); ROS 8.3% (+0.8pp) driven by Defense Electronics & Security.
- Free operating cash flow €539M (+187% YoY); net debt €3,016M (-3.4% from €3,122M).
- FY2023 guidance: orders ~€17B, revenue €15.0-15.6B, EBITA €1,260-1,310M, FOCF ~€600M.
- Med-term targets: cumulative revenue ~€85B (2023-2027), cash generation ~€3B (2021-2025).

## SEC filing metadata
- accession: 0001628280-23-007451
- form_type: 8-K
- ticker: DRS
- cik: 0001833756
- company_name: Leonardo DRS, Inc.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833756/000162828023007451/0001628280-23-007451-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833756/000162828023007451/drs-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-007451
- JSON: https://secwatch.observer/filing/0001628280-23-007451.json
- Plain text: https://secwatch.observer/filing/0001628280-23-007451.txt

## Key facts
- Earnings Releases
  Leonardo DRS, Inc. reported financial results for the year ended December 31, 2022.
  - Period: the year ended December 31, 2022
  - Result: reported results
  source text: On March 9, 2023, Leonardo DRS, Inc.'s (the “Company”) majority stockholder, Leonardo S.p.A., an Italian società per azioni, listed on the Milan Stock Exchange, (“Leonardo S.p.A”), of which the Company is a consolidated subsidiary, issued a press release announcing consolidated financial results for the year ended December 31, 2022 (the "Press Release”), which is attached hereto as Exhibit 99.1, as well as its Integrated Annual Report for the year ended December 31, 2023 (the “Annual Report”) which is attached hereto as Exhibit 99.2.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1833756/000162828023007451/0001628280-23-007451-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.