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 |
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
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.
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
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
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4 - Leonardo DRS, Inc. (0001833756) (Issuer)
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4 - Leonardo DRS, Inc. (0001833756) (Issuer)
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