Parent Leonardo S.p.A. reports FY2022: orders €17.3B (+21%), revenue €14.7B, EBITDA €1.2B

Leonardo DRS, Inc.

Group new orders €17.3B (+21% adj.), book-to-bill 1.2x; revenue €14.7B (+4.7% adj.), EBITDA €1.2B (+14.9%).
Free operating cash flow €539M, more than double prior year; reiterates €3B cash generation target 2021-2025.
Proposed dividend €0.14 per share; bond redemptions and €500M term loan early repayment executed.
Helicopters backlog €13.6B; customer support now 28% of group revenues; Aerostructures recovery on track for breakeven by 2025.
Presentation includes Leonardo DRS backlog and Q4 trends (slides 7 and 37); DRS merger with RADA noted.

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