secwatch.observer — SEC 8-K summary
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Issuer:     Leonardo DRS, Inc. (DRS)
CIK:        0001833756
Form:       8-K
Filed at:   2026-07-30T11:29:35+00:00
Accession:  0001833756-26-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1833756/000183375626000037/0001833756-26-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1833756/000183375626000037/drs-20260730.htm
  HTML page:      https://secwatch.observer/filing/0001833756-26-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer