{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-011093","form_type":"8-K","ticker":"DRS","cik":"0001833756","company_name":"Leonardo DRS, Inc.","filed_at":"2024-03-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.848106+00:00","generated_at":"2026-06-04T21:36:44.917863+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Leonardo DRS reaffirms 2024 guidance, initiates 3-year framework with ~14% EBITDA margin target by 2026","bullets":["Reaffirmed 2024 guidance previously issued on February 27, 2024.","Targets 4%-7% organic revenue growth (2024-2026).","Adjusted EBITDA margin target of ~14% by 2026.","80%-90% conversion of adjusted net earnings to free cash flow targeted.","Capital deployment of 75%-100% of FCF toward value-enhancing M&A; net leverage target ~2x adjusted EBITDA."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-011093","json":"https://secwatch.observer/filing/0001628280-24-011093.json","markdown":"https://secwatch.observer/filing/0001628280-24-011093.md","text":"https://secwatch.observer/filing/0001628280-24-011093.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1833756/000162828024011093/0001628280-24-011093-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1833756/000162828024011093/drs-20240314.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T21:36:44.917863+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c205742737aadb1dac854b881125a720faa68e67","claim":"Leonardo DRS, Inc. updated its 2024 - 2026 guidance (initiated).","evidence_excerpt":"Initiation of a strong three-year framework (2024 - 2026) for revenue, adjusted EBITDA and free cash flow","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1833756/000162828024011093/0001628280-24-011093-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"2024 - 2026"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"f2869cb99e902d30fd316630d1ca967c5ab9636f","claim":"Leonardo DRS, Inc. updated its guidance (reaffirmed).","evidence_excerpt":"On March 14, 2024, Leonardo DRS, Inc. (the \"Company\") issued a news release reporting, among other things, the reaffirmation of its financial guidance previously issued on February 27, 2024, the initiation of a three year framework for revenue, adjusted EBITDA and free cash flow as well as information related to targeted capital deployment.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1833756/000162828024011093/0001628280-24-011093-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}