Date | Price Target | Rating | Analyst |
---|---|---|---|
6/26/2024 | $30.00 | Buy | BTIG Research |
5/24/2024 | $26.00 | Equal-Weight | Morgan Stanley |
2/26/2024 | $23.00 | Neutral | JP Morgan |
9/27/2023 | $20.00 | Buy | BofA Securities |
6/9/2023 | $19.00 | Buy | Truist |
4/4/2023 | $17.00 | Market Outperform | CJS Securities |
2/10/2023 | $17.00 | Buy | Canaccord Genuity |
SC 13G/A - Leonardo DRS, Inc. (0001833756) (Subject)
SC 13G - Leonardo DRS, Inc. (0001833756) (Subject)
10-Q - Leonardo DRS, Inc. (0001833756) (Filer)
8-K - Leonardo DRS, Inc. (0001833756) (Filer)
SD - Leonardo DRS, Inc. (0001833756) (Filer)
S-8 - Leonardo DRS, Inc. (0001833756) (Filer)
S-8 - Leonardo DRS, Inc. (0001833756) (Filer)
8-K - Leonardo DRS, Inc. (0001833756) (Filer)
10-Q - Leonardo DRS, Inc. (0001833756) (Filer)
8-K - Leonardo DRS, Inc. (0001833756) (Filer)
DEFA14A - Leonardo DRS, Inc. (0001833756) (Filer)
DEF 14A - Leonardo DRS, Inc. (0001833756) (Filer)
BTIG Research initiated coverage of Leonardo DRS with a rating of Buy and set a new price target of $30.00
Morgan Stanley initiated coverage of Leonardo DRS with a rating of Equal-Weight and set a new price target of $26.00
JP Morgan initiated coverage of Leonardo DRS with a rating of Neutral and set a new price target of $23.00
BofA Securities initiated coverage of Leonardo DRS with a rating of Buy and set a new price target of $20.00
Truist initiated coverage of Leonardo DRS with a rating of Buy and set a new price target of $19.00
CJS Securities initiated coverage of Leonardo DRS with a rating of Market Outperform and set a new price target of $17.00
Canaccord Genuity initiated coverage of Leonardo DRS with a rating of Buy and set a new price target of $17.00
Revenue: $753 million, up 20% year-over-year Net Earnings: $38 million, up 9% year-over-year Adjusted EBITDA: $82 million, up 32% year-over-year Diluted EPS: $0.14, up 8% year-over-year Adjusted Diluted EPS: $0.18, up 20% year-over-year Bookings: $941 million (book-to-bill ratio of 1.2x) Backlog: $7.9 billion, up 82% year-over-year Increases 2024 guidance across metrics Leonardo DRS, Inc. (NASDAQ:DRS), a leading provider of advanced defense technologies, today reported financial results for the second quarter 2024, which ended June 30, 2024. CEO Commentary "Our strong second quarter 2024 results reflect the solid momentum evident across the business. Healthy cus
Leonardo DRS, Inc. (NASDAQ:DRS) has scheduled a conference call for Tuesday, July 30, 2024 beginning at 10:00 a.m. (ET) to discuss its second quarter 2024 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website. To attend the conference call or webcast, participants should register online at https://investors.leonardodrs.com. A replay will be available on the company's website approximately two hours after the conclusion of the conference call and will remain a
Revenue: $688 million, up 21% year-over-year Net Earnings: $29 million, up 142% year-over-year Adjusted EBITDA: $70 million, up 43% year-over-year Diluted EPS: $0.11, up 120% year-over-year Adjusted Diluted EPS: $0.14, up 100% year-over-year Bookings: $815 million (book-to-bill ratio of 1.2x) Backlog: $7.8 billion, up 84% year-over-year Confirms solid 2024 guidance Leonardo DRS, Inc. (NASDAQ:DRS), a leading provider of advanced defense technologies, today reported financial results for the first quarter 2024, which ended March 31, 2024. CEO Commentary "Leonardo DRS delivered exceptional first quarter 2024 results, highlighted by solid bookings, robust double-digit
Leonardo DRS, Inc. (NASDAQ:DRS) has scheduled a conference call for Wednesday, May 1, 2024 beginning at 10:00 a.m. (ET) to discuss its first quarter 2024 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website. To attend the conference call or webcast, participants should register online at https://investors.leonardodrs.com. A replay will be available on the company's website approximately two hours after the conclusion of the conference call and will remain av
Revenue: $926 million for the fourth quarter and $2.8 billion for the year Net Earnings: $74 million for the fourth quarter and $168 million for the year Adjusted EBITDA: $131 million for the fourth quarter and $324 million for the year Diluted EPS: $0.28 for the fourth quarter and $0.64 for the year Adjusted Diluted EPS: $0.31 for the fourth quarter and $0.73 for the year Bookings: $1.0 billion for the fourth quarter and $3.5 billion for the year (book-to-bill ratio of 1.2) Backlog: A new company record of $7.8 billion, up 82% from prior year Initiates 2024 guidance Commences a three-year, approximately $120 million net capital investment to build a state-of-the-ar
Leonardo DRS, Inc. (NASDAQ:DRS) has scheduled a conference call for Tuesday, February 27, 2024 beginning at 10:00 a.m. (ET) to discuss its fourth quarter 2023 and full year 2023 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website. To attend the conference call or webcast, participants should register online at https://investors.leonardodrs.com. A replay will be available on the company's website approximately two hours after the conclusion of the conference
Revenue: $703 million Net Earnings: $47 million Adjusted EBITDA: $82 million Diluted EPS: $0.18 Adjusted Diluted EPS: $0.20 Bookings: $1.1 billion (book-to-bill ratio of 1.5x) Backlog: $4.7 billion Subsequent to Q3, the company was awarded an over $3 billion contract for the electric power and propulsion system on the remaining seven Columbia Class submarines Updates 2023 guidance to narrow the ranges for revenue and adjusted EBITDA and raise the range for adjusted diluted EPS Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the third quarter 2023, which ended September 30, 2023.
Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Thursday, November 2, 2023 beginning at 10:00 a.m. (ET) to discuss its third quarter 2023 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website. To attend the conference call or webcast, participants should register online at https://investors.leonardodrs.com. A replay will be available on the company's website approximately two hours after the conclusion of the conference call and
Revenue: $628 million Net Earnings: $35 million Adjusted EBITDA: $62 million Diluted EPS: $0.13 Adjusted Diluted EPS: $0.15 Bookings: $698 million (book-to-bill ratio of 1.1x) Backlog: $4.4 billion Narrows 2023 guidance ranges across all metrics Leonardo DRS, Inc. (Nasdaq and TASE: DRS), a leading provider of advanced defense technologies, today reported financial results for the second quarter 2023, which ended June 30, 2023. CEO Commentary "Leonardo DRS delivered strong second quarter results consistent with our expectations. Organic revenue growth continued to accelerate and resilient customer demand bolstered our bookings in the quarter. While the operating
Leonardo DRS, Inc. (Nasdaq and TASE: DRS) has scheduled a conference call for Wednesday, August 2, 2023 beginning at 10:00 a.m. (ET) to discuss its second quarter 2023 results. The company plans to issue its quarterly earnings press release prior to the conference call. On July 28, 2023, Leonardo DRS's majority stockholder, Leonardo S.p.A., is expected to announce its consolidated first half 2023 financial results, which will include select financial and operational data on Leonardo DRS. Leonardo DRS intends to issue an 8-K filing summarizing such disclosures. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be
Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has received an order for continued production of its next-generation thermal weapon sights for the U.S. Army. The production order for $117 million was made under the current Family of Weapon Sights – Individual (FWS-I) IDIQ contract. Leveraging DRS's uncooled thermal imaging technology, FWS-I is a stand-alone, clip-on weapon sight that connects wirelessly to helmet-mounted vision systems including the enhanced night vision goggle binoculars and the next-gen integrated visual augmentation system and provides rapid target acquisition capabilities to the soldier. It gives users the ability to acquire targets day or night and in a rang
Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has been awarded a contract to build additional advanced Joint Assault Bridge systems for the U.S. Army and the Romanian military (through a Foreign Military Sales agreement). Under the contract, the award is worth more than $49 million. The Joint Assault Bridge (JAB) is a next-generation track-wheeled armored engineer vehicle built on a modified M1A1 Abrams Main Battle Tank chassis. It is designed to deliver assault-bridging capabilities and provide freedom of maneuver to U.S and allied armored forces. "We are proud to continue to deliver this robust and reliable system to the U.S. Army and allied militaries to ensure armored vehi
Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has received an order for continued production of its advanced Sniper Weapon Sights for U.S. Army snipers. The recently awarded production order for $52 million was made under the current Family of Weapon Sights–Sniper (FWS-S) IDIQ contract. Incorporating DRS's proven cooled infrared imaging technology, FWS-S is a clip-on thermal weapon sight used in conjunction with existing daytime sniper optics to provide rapid target acquisition capabilities to the sniper during day and night. The sighting system gives users the ability to acquire targets in a range of difficult environmental conditions, including smoke or fog, providing strategi
Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it was awarded a contract by the U.S. Navy to provide critical electronic combat control and sonar systems equipment for installation across the service's fleet of submarines and allied fleets. The contract ceiling is more than $417 million. The Technology Insertion Hardware TI-26 indefinite delivery/indefinite quantity contract will provide design, procurement, production, sparing, test, installation, and support of displays, workstations, processors, and network systems; the production of subsequent systems, kits and enclosures; and engineering and technical services. The contract was awarded by the U.S. Navy's Naval Undersea Warfare
Revenue: $753 million, up 20% year-over-year Net Earnings: $38 million, up 9% year-over-year Adjusted EBITDA: $82 million, up 32% year-over-year Diluted EPS: $0.14, up 8% year-over-year Adjusted Diluted EPS: $0.18, up 20% year-over-year Bookings: $941 million (book-to-bill ratio of 1.2x) Backlog: $7.9 billion, up 82% year-over-year Increases 2024 guidance across metrics Leonardo DRS, Inc. (NASDAQ:DRS), a leading provider of advanced defense technologies, today reported financial results for the second quarter 2024, which ended June 30, 2024. CEO Commentary "Our strong second quarter 2024 results reflect the solid momentum evident across the business. Healthy cus
Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it received a BAE Systems ‘Partner 2 Win' Supplier of the Year award. DRS was chosen from a select pool of suppliers that delivered exceptional performance and contributions to supply chain success for BAE Systems' Electronic Systems sector in 2023. "We are proud to have received this prestigious award from BAE Systems. The recognition highlights DRS's commitment to our customers and being a strategic partner," said Jerry Hathaway, senior vice president and general manager of the Leonardo DRS Electro-Optical and Infrared Systems business unit. "DRS and BAE have a strong partnership, forged over many years of close cooperation, and throu
Leonardo DRS, Inc. (NASDAQ:DRS) announced today that its Naval Power Systems facility in Danbury, CT. has been awarded the 2024 James S. Cogswell Award for Outstanding Industrial Security Achievement by the Defense Counterintelligence and Security Agency (DCSA). Leonardo DRS was one of only 14 companies chosen for this prestigious award out of more than 12,500 eligible cleared facilities in the National Industrial Security Program (NISP). The company's Danbury facility was recognized for this honor based on a number of factors including its strong security program and its leadership and support to other cleared defense contractors. The award criteria focus on principles of industrial se
Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has provided the 1,000th advanced sensor package which is at the core of BAE Systems' 2-Color Advanced Warning System (2CAWS), a next-generation missile warning and hostile fire detection system. The system is designed to protect U.S. Army pilots and crews from new and emerging missile threats. The advanced DRS 2-color infrared detector package is integrated into BAE Systems' 2CAWS system for the U.S. U.S. Army's Limited Interim Missile Warning System (LIMWS) Quick Reaction Capability program. The 2CAWS technology provides a foundation for the Army's current and future threat detection needs by giving aircrews advanced 360-degree t
Leonardo DRS, Inc. (NASDAQ:DRS) has scheduled a conference call for Tuesday, July 30, 2024 beginning at 10:00 a.m. (ET) to discuss its second quarter 2024 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website. To attend the conference call or webcast, participants should register online at https://investors.leonardodrs.com. A replay will be available on the company's website approximately two hours after the conclusion of the conference call and will remain a
Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has received another full-rate production contract to supply its industry-leading Quantum Cascade Laser (QCL) technology to enable Common Infrared Countermeasure (CIRCM) systems for critical military aircraft protection. The award from Northrop Grumman continues the collaboration between the two companies on this QCL capability that provides advanced protection against current, evolving, and proliferating missile threats to U.S. military aircraft. CIRCM is a fifth-generation, laser-based infrared countermeasure system designed to track and defeat incoming missiles. At its core, the DRS QCL technology enables CIRCM to defeat incoming
Truist Securities analyst Michael Ciarmoli maintains Leonardo DRS (NASDAQ:DRS) with a Buy and raises the price target from $27 to $30.
BTIG analyst Andre Madrid initiates coverage on Leonardo DRS (NASDAQ:DRS) with a Buy rating and announces Price Target of $30.
Truist Securities analyst Michael Ciarmoli maintains Leonardo DRS (NASDAQ:DRS) with a Buy and raises the price target from $25 to $27.
On CNBC's “Mad Money Lightning Round,” Jim Cramer recommended buying Energy Transfer LP (NYSE:ET). “You've got a winner there now. They have done a very good job,” he added. On May 28, Energy Transfer announced the acquisition of WTG Midstream in a $3.25 billion transaction. When asked about Obsidian Energy Ltd. (NYSE:OBE), he said, “You can hold it, but I'd rather see you in Coterra (NYSE:CTRA).” On May 2, Obsidian Energy posted weak earnings for its first quarter. The “Mad Money” host recommended selling SoundHound AI, Inc. (NASDAQ:SOUN). On May 9, SoundHound AI reported better-than-expected first-quarter financial results. When asked about Super Micro Computer, Inc. (NAS
Morgan Stanley analyst Kristine Liwag initiates coverage on Leonardo DRS (NASDAQ:DRS) with a Equal-Weight rating and announces Price Target of $26.
Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it was awarded a contract from Boeing Defense to provide the upgraded Aerial Refueling Operator Station (AROS 2.0) for new U.S. Air Force KC-46 Pegasus refueling tanker aircraft.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507919660/en/Under the contract, DRS will manufacture the AROS 2.0 units and deliver them to Boeing for installation. The AROS 2.0 system is a replacement to the previous generation of AROS refueling operator stations. DRS was the original provider of the first generation of AROS with more than 85 consoles fielded to date."We are very proud to again be th
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