---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-007455"
form_type: "8-K"
ticker: "DRS"
cik: "0001833756"
company_name: "Leonardo DRS, Inc."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:48:12.190967+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-007455
- 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: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1833756/000162828023007455/0001628280-23-007455-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1833756/000162828023007455/drs-20230310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-007455
- JSON: https://secwatch.observer/filing/0001628280-23-007455.json
- Plain text: https://secwatch.observer/filing/0001628280-23-007455.txt

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