Leonardo DRS Q2 revenue up 10% to $913M, EPS $0.32, raises guidance, acquires Raft for $450M

Leonardo DRS, Inc.

Revenue $913M (+10% YoY); net earnings $86M (+59%); diluted EPS $0.32 (+60%).
Adjusted EBITDA $128M (+33%); adjusted diluted EPS $0.35 (+52%).
Record funded backlog $5.1B (+17%); bookings $1.1B (book-to-bill 1.2x).
Raises 2026 guidance for Adjusted EBITDA and Adjusted Diluted EPS.
Announces $450M acquisition of Raft to expand AI, data fusion, and mission software capabilities.

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