Highest-materiality recent filing
Leonardo DRS Q2 revenue up 10% to $913M, EPS $0.32, raises guidance, acquires Raft for $450M
Revenue $913M (+10% YoY); net earnings $86M (+59%); diluted EPS $0.32 (+60%).
Leonardo DRS to acquire Raft LLC for $450M in all-cash deal
Acquisition of Raft LLC for $450M all-cash; expected to close Q4 2026.
Leonardo DRS Q1 revenue up 6% to $846M, net earnings up 24%, raises 2026 guidance
Revenue $846M (+6% YoY); net earnings $62M (+24%); adjusted EBITDA $105M (+28%).
Leonardo DRS Q4 revenue $1.06B, FY EPS $1.03; backlog $8.7B, initiates 2026 guidance
Q4 revenue $1,060M, up 8% YoY; full-year revenue $3,648M, up 13% YoY.
Leonardo DRS enters $500M revolving credit facility, replaces prior credit agreement
Five-year $500M senior unsecured revolving credit facility with JPMorgan; initial SOFR margin 1.250%.
Leonardo DRS Q3 2025 revenue $960M (+18% YoY), EPS $0.26 (+24%)
Revenue $960M (+18% YoY); net earnings $72M (+26%); adjusted diluted EPS $0.29 (+21%).
Leonardo DRS CEO Lynn to retire; COO Baylouny named CEO, Townsend Chair effective Jan 1 2026
William J. Lynn III to retire as CEO and Chairman effective Dec 31, 2025; will remain employee through Apr 1, 2026.
Leonardo DRS Q2 revenue $829M (+10% YoY), EPS $0.20 (+43%), revises guidance
Revenue $829M (+10% YoY); net earnings $54M (+42%); diluted EPS $0.20 (+43%).
Leonardo DRS Q1 2025: Revenue $799M (+16% YoY), EPS $0.19 (+73%)
Revenue $799M, up 16% YoY; net earnings $50M, up 72%.
Leonardo DRS Q4 revenue $981M, EPS $0.33; full-year revenue $3.2B, backlog up 10%
Q4 revenue $981M (+6% YoY), diluted EPS $0.33 (+18% YoY), adjusted diluted EPS $0.38.
Leonardo DRS Q3 revenue $812M (+16%); raises FY 2024 guidance, backlog $8.3B up 75%
Q3 revenue $812M (+16% YoY); net earnings $57M (+21%); diluted EPS $0.21 (+17%).
Leonardo DRS Q2 revenue $753M (+20% YoY); EPS $0.14 (+8%); raises 2024 guidance
Revenue of $753M (+20% YoY); net earnings $38M (+9%); adjusted EBITDA $82M (+32%).
Leonardo DRS Q1 revenue $688M, up 21% YoY; net earnings $29M, up 142%
Revenue $688M, up 21% YoY; net earnings $29M, up 142% YoY.
Reaffirmed 2024 guidance previously issued on February 27, 2024.
Leonardo DRS FY 2023 revenue $2.8B (+5% YoY); record backlog $7.8B; initiates 2024 guidance
Q4 revenue $926M, FY revenue $2.8B; diluted EPS $0.64, adjusted $0.73.
Leonardo DRS Q3 revenue $703M, up 11% YoY; bookings $1.1B; wins $3B+ sub contract
Revenue $703M (+11% YoY); net earnings $47M; diluted EPS $0.18; adjusted diluted EPS $0.20.
Leonardo DRS Q2 net earnings up 40% to $35M; narrows FY2023 guidance
Q2 net earnings $35M ($0.13 diluted EPS), up 40% from $25M; adjusted EPS $0.15.
Leonardo S.p.A. reports half-year revenues up 6.4% to €6.9B; DRS segment EBITA drops 19%
Group revenues €6,894M (+6.4% adjusted), EBITA €430M (+5.7% adjusted), net result €208M (-22.1% vs 1H22).
Leonardo DRS Q1 revenue $569M, EPS $0.05; bookings strong at 1.3x book-to-bill
Revenue $569M, down 7% YoY from $612M; net earnings $12M, down 67% from $36M.
Leonardo DRS Q4 revenue flat at $820M; FY net earnings up 163% to $405M; backlog record $4.3B
Q4 revenue $820M flat YoY; full-year revenue $2.7B, down 6% from $2.879B.
Leonardo S.p.A. FY2022: revenue €14.7B, net result €932M, dividend €0.14
New orders €17.3B (+21% YoY), backlog €37.5B, book-to-bill 1.2x.
Parent Leonardo S.p.A. reports FY2022: orders €17.3B (+21%), revenue €14.7B, EBITDA €1.2B
Group new orders €17.3B (+21% adj.), book-to-bill 1.2x; revenue €14.7B (+4.7% adj.), EBITDA €1.2B (+14.9%).
Leonardo DRS enters $500M credit facility: $225M term loan + $275M revolver
Five-year Credit Agreement with Bank of America provides $225M Term A Loan and $275M Revolving Credit Facility.
Leonardo DRS closes all-stock merger with RADA; RADA holders get 19.5% stake; pro forma rev $2.7B
Pro forma 2021 revenue ~$2.7B and Adjusted EBITDA ~$305M; DRS stock begins trading on Nasdaq and TASE.
Leonardo DRS completes $450M sale of Global Enterprise Solutions business to SES
Sale closed on August 1, 2022 for $450 million cash, subject to purchase price adjustments.
All-stock merger: each RADA ordinary share exchanges for 1 share of Leonardo DRS common; pro forma ownership: Leonardo SpA 80.5%, RADA shareholders 19.5%.
Leonardo DRS to sell GES business to SES Government Solutions for $450M cash
Sale of Global Enterprise Solutions (GES) for $450M to SES Government Solutions, a subsidiary of SES S.A.
extended the term of, and reappointed, General George W. Casey (Ret.) as a proxy holder director to the Board.
appointed Dr. Louis R. Brothers, each as a proxy holder director to the Board of Directors of the Company
Concurrently, effective January 1, 2023, the Board appointed Ms. Frances F. Townsend to serve as Lead Outside Director of the Board until earlier resignation or removal, replacing Mr. Carey in such function.
whose term is due to expire on December 31, 2022 at which point he will cease to be a proxy holder director
Concurrently, effective January 1, 2023, the Board appointed Ms. Frances F. Townsend to serve as Lead Outside Director of the Board until earlier resignation or removal, replacing Mr. Carey in such function.
New Director Appointment In accordance with the terms of the Merger Agreement, the Company and RADA mutually agreed to appoint Eric C. Salzman
Effective July 31, 2022, Mr. Philip A. Odeen’s term as a proxy holder director of the Board of Directors of Leonardo DRS, Inc. (the “Company”), expired.
extended the term of, and reappointed, Philip A. Odeen as a proxy holder director to the Board. The appointment is effective July 1, 2022, subject to approval by the Defense Counterintelligence and Security Agency.
Max materiality 0.85 · Median 0.60 · Most common event earnings