There’s a general understanding among most financial analysts that defense companies provide significant portfolio stability during recessions. Indeed, these companies, especially defense companies with no commercial exposure, dip directly into the coffers of their countries’ governments. Thus, they are less subject to rising inflation costs and falling consumer spending. However, these bullish perceptions evaporate with significant changes in government, leading to overvalued defense stocks to sell before ...

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, hosted its first investor day since its return to the public markets in November 2022. The event featured presentations from members of the executive leadership team who detailed the company’s differentiated portfolio, strategic priorities, operations and growth outlook. During the presentation, the company issued the following: Reaffirmation of 2024 guidance previously issued on Februa ...

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, will host its investor day in-person in New York and via webcast with financial analysts and institutional investors today, March 14, 2024, beginning at 9:00 a.m. E.T. and concluding at approximately 11:45 a.m. E.T. During the event, the Leonardo DRS management team will discuss the company’s differentiated portfolio, strategic priorities, operations and growth outlook. Prepared remarks w ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________ FORM 8-K ____________________________________ CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 14, 2024 ____________________________________ LEONARDO DRS, INC. (Exact name of registrant as specified in its charter) ____________________________________ Delaware 001-41565 13-2632319 (State of Incorporation) (Co ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Leonardo DRS, Inc. (NASDAQ:DRS) Q4 2023 Earnings Conference Call February 27, 2024 10:00 AM ET Company Participants Steve Vather - Vice President of Investor Relations & Corporate Finance Bill Lynn - Chairman & Chief Executive Officer Mike Dippold - Chief Financial Officer Conference Call Participants Robert Stallard - Vertical Research Seth Seifman - JPMorgan Peter Arment - Baird Jordan Lyonnais - Bank of America Michael Ciarmoli - Truist Securities Jon Tanwanteng - CJS Securities Operator Ladies and gentl ...

ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has signed a ground lease in the Charleston, South Carolina metropolitan area to develop a state-of-the-art manufacturing facility, allowing the company to grow its naval propulsion capability and streamline its support of priority U.S. Navy programs. When complete there will be over 140,000 square feet of purpose-built advanced manufacturing, assembly and testing space representing an approximate net investment of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-41565 Leonardo DRS, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 13-2632319 (I.R.S. Employer I ...

February 27, 2024 米 LEONARDO DRS Key Messages 1 DRS team continues to build a solid execution track record by delivering strong fourth quarter and full year financial results • Generated robust organic revenue growth of 7% and total growth of 5% • Solid execution resulted in achievement of adjusted EBITDA and adjusted diluted EPS commitments • Delivered healthy free cash flow with conversion of 0.8x of adjusted net earnings, representing a 115% growth from 2022 2 Q4 | 2023 Growing and increasingly sophistic ...

Leonardo DRS, Inc. (DRS) came out with quarterly earnings of $0.31 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.33%. A quarter ago, it was expected that this company would post earnings of $0.15 per share when it actually produced earnings of $0.20, delivering a surprise of 33.33%.Over the last four quarters, the company ...