StreetInsider.com News Articles

Leonardo DRS wins contract to supply electric propulsion for Korea destroyer

Thu, 17 Sep 2026 16:01:40 -0400

Leonardo DRS, Inc. (Nasdaq: DRS) has entered into a contract with Doosan Enerbility to supply an electric propulsion system for the Republic of Korea Navy's KDDX next-generation guided-missile destroyer program, according to a company statement dated Sept. 17, 2026.

The lead ship of the KDDX program is being built by Hanwha Ocean. The program is expected to deliver at least six destroyers and represents South Korea's first indigenously designed and built destroyer program.

Under the contract, Leonardo DRS will supply its 100-Series permanent magnet propulsion motors paired with variable-frequency drives. Doosan Enerbility and Leonardo DRS will collaborate on an integrated power and

Leonardo DRS to Provide Electric Propulsion System for the Republic of Korea Navy Next-Generation KDDX Destroyer Program

Thu, 17 Sep 2026 16:01:00 -0400

Power-dense permanent magnet propulsion motors and advanced variable-frequency drives will power the Republic of Korea Navy's first full-electric-drive surface combatant

ARLINGTON, Va., Sept. 17, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has entered into a contract with Doosan Enerbility to provide the electric propulsion system for the Republic of Korea Navy's KDDX destroyer program, the lead ship of which is being built by Hanwha Ocean. KDDX is a next-generation guided-missile destroyer, considered a cornerstone of South Korea’s future naval fleet requirements. The program is expected to deliver at least six destroyers and

Leonardo DRS to Provide Electric Propulsion System for the Republic of Korea Navy Next-Generation KDDX Destroyer Program

Thu, 17 Sep 2026 16:01:00 -0400

Power-dense permanent magnet propulsion motors and advanced variable-frequency drives will power the Republic of Korea Navy's first full-electric-drive surface combatant

Guggenheim Starts Leonardo DRS (DRS) at Buy

Tue, 15 Sep 2026 07:25:23 -0400

(Updated - September 15, 2026 7:25 AM EDT)

Guggenheim analyst Michael Ciarmoli initiates coverage on Leonardo DRS (NASDAQ: DRS) with a Buy rating and a price target of $51.00.

The analyst comments "We are initiating coverage of Leonardo DRS, Inc. (DRS) with a BUY rating and $51 PT which represents 42% upside potential. DRS, in our view, offers investors an optimal balance of both new defense and old legacy defense exposure. The company’s product portfolio is proven, has been deployed in active theater, and offers all domain exposure with DRS going to market both as an agnostic merchant supplier or in some

Guggenheim Starts Leonardo DRS (DRS) at Buy

Tue, 15 Sep 2026 07:25:23 -0400

(Updated - September 15, 2026 7:25 AM EDT)

Guggenheim analyst Michael Ciarmoli initiates coverage on Leonardo DRS (NASDAQ: DRS) with a Buy rating and a price target of $51.00.

Leonardo DRS wins $39.6M NAVAIR contract for EA-18G communications

Mon, 14 Sep 2026 08:35:25 -0400

Leonardo DRS, Inc. (Nasdaq: DRS) has been awarded a $39.6 million contract by Naval Air Systems Command (NAVAIR) for the production and delivery of Joint Tactical Terminal Transceiver (JTT-X) units, according to a company statement.

The firm-fixed-price, cost-plus-fixed-fee contract covers non-recurring engineering, production, aircraft integration, qualification, and production support for the EA-18G Growler aircraft.

The award supports the Navy's Global Lightning initiative, which focuses on resilient communications and situational awareness for naval aviation operating in contested environments.

JTT-X is described as an upgrade to the Navy's primary, alternate, contingency, and emergency layered communications architecture. The system is designed to operate across government and

Leonardo DRS Extends Naval Aviation’s Communications Edge With $39.6 Million JTT-X Production Award

Mon, 14 Sep 2026 08:30:00 -0400

NAVAIR contract supports Leonardo DRS’ strategy to deliver secure, modular, open-architecture and multi-network connectivity for EA-18G Growler missions, helping aircrews maintain communications, threat awareness and mission advantage in contested environments

ARLINGTON, Va., Sept. 14, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that its Airborne and Intelligence Systems business unit has been awarded a $39.6 million contract by Naval Air Systems Command (NAVAIR) for the production and delivery of Joint Tactical Terminal Transceiver (JTT-X) units. The firm-fixed-price, cost-plus-fixed-fee contract includes non-recurring engineering, production, aircraft integration, qualification, and production support for the EA-18G Growler aircraft.

Leonardo DRS Extends Naval Aviation’s Communications Edge With $39.6 Million JTT-X Production Award

Mon, 14 Sep 2026 08:30:00 -0400

Form 4 Leonardo DRS, Inc. For: Sep 09 Filed by: Krieg Kenneth J

Thu, 10 Sep 2026 16:23:00 -0400

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Leonardo DRS wins $96M in contracts for Navy missile system electronics

Thu, 10 Sep 2026 08:30:49 -0400

Leonardo DRS, Inc. (Nasdaq: DRS) has been awarded contracts totaling $96 million to supply electronics hardware for the MK 41 Vertical Launching System (VLS), according to a company statement.

The contracts, issued as option modifications to multiple-year contracts on July 22-23, 2026, cover Programmable Power Supplies, Launch Control Units, and Module Transformer Platform/System Transformer Platform systems. The hardware is used aboard U.S. Navy destroyers and allied naval vessels.

The MK 41 VLS is used by the U.S. Navy and 14 allied navies. Work under the contracts will be performed at Leonardo DRS production facilities in Johnstown, Pennsylvania, and Largo, Florida.

"Leonardo DRS Naval

Leonardo DRS Awarded $96 Million in Contracts to Provide Critical MK 41 Vertical Launching System Electronics Hardware

Thu, 10 Sep 2026 08:30:00 -0400

Delivering trusted electronics for naval combat system readiness

ARLINGTON, Va., Sept. 10, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has been awarded contracts totaling $96 million to provide critical electronics hardware for the MK 41 Vertical Launching System (VLS). The MK 41 VLS is the U.S. Navy’s premier shipborne missile launching system and is also fielded by 14 allied navies worldwide. The awards reinforce Leonardo DRS’s role in supporting naval combat system readiness with trusted, mission-critical electronics.

Under the awards, Leonardo DRS will provide a range of advanced electronics hardware,

Leonardo DRS Awarded $96 Million in Contracts to Provide Critical MK 41 Vertical Launching System Electronics Hardware

Thu, 10 Sep 2026 08:30:00 -0400

Delivering trusted electronics for naval combat system readiness

Under the awards, Leonardo DRS will provide a range of advanced electronics hardware,

Leonardo DRS wins U.S. Space Force sensor prototype contract

Tue, 01 Sep 2026 08:31:20 -0400

Leonardo DRS, Inc. (Nasdaq: DRS) has been awarded an Other Transaction Agreement contract for Prototype by the U.S. Space Force to develop sensor technology intended to support space superiority and space control missions, according to a company press release.

Under the contract, Leonardo DRS will develop sensor technology designed to detect, identify, track, and target fast-moving threats in challenging conditions. The program places emphasis on affordability, scalability, and manufacturability, with the goal of building a resilient supply chain to address national security needs.

"This award recognizes our innovative best-in-class sensor technology, proven experience and continued investment in space-based capabilities for critical national

Leonardo DRS Selected by United States Space Force to Advance Technology in support of advanced Space Superiority Solutions

Tue, 01 Sep 2026 08:30:00 -0400

ARLINGTON, Va., Sept. 01, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced it has been awarded an Other Transaction Agreement contract for Prototype by the U.S. Space Force to advance next-generation technology designed to further strengthen U.S. national defense capabilities.

Under the award, Leonardo DRS will further develop affordable and scalable sensor technology that helps defense systems detect, identify, track, and target fast-moving threats in challenging conditions in support of mission needs for U.S. space superiority and space control efforts.

A key focus of the program is improving affordability and producibility, leveraging advancements in

Leonardo DRS Selected by United States Space Force to Advance Technology in support of advanced Space Superiority Solutions

Tue, 01 Sep 2026 08:30:00 -0400

A key focus of the program is improving affordability and producibility, leveraging advancements in

Space42 and Leonardo DRS sign MoU for UAE national security systems

Wed, 12 Aug 2026 02:58:07 -0400

Space42 and Leonardo DRS (Nasdaq: DRS) have signed a Memorandum of Understanding to integrate their respective defense and satellite technologies for national security applications in the United Arab Emirates, according to a press release issued Aug. 12, 2026.

Under the agreement, Leonardo DRS will contribute its C5ISR mission systems expertise, while Space42 will provide satellite communications and Beyond Line of Sight connectivity. The two companies said they will explore joint design and integration of mission capabilities for the UAE.

Ahmed AlMehrzi, Chief Commercial Officer – Government at Space42, said the partnership combines "sovereign satellite infrastructure and AI-enabled communications capabilities with Leonardo DRS's

Space42 and Leonardo DRS Sign MoU to Advance Next-Generation National Security Mission Systems

Wed, 12 Aug 2026 01:30:00 -0400

ABU DHABI, United Arab Emirates, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Space42, the UAE-based AI-powered SpaceTech company with global reach has signed a Memorandum of Understanding (MoU) with Leonardo DRS. The agreement establishes a framework to integrate Leonardo DRS mission systems with Space42’s secure satellite connectivity to boost sovereign national security across the United Arab Emirates.

Under the MoU, Leonardo DRS will contribute its expertise in C5ISR mission systems while Space42 will provide secure, AI-enabled satellite communications and Beyond Line of Sight (BLOS) connectivity. Together, the companies will explore the joint design and integration of advanced mission

Space42 and Leonardo DRS Sign MoU to Advance Next-Generation National Security Mission Systems

Wed, 12 Aug 2026 01:30:00 -0400

Leonardo DRS SGT STOUT defeats small drone threats via software update

Tue, 11 Aug 2026 16:01:32 -0400

Leonardo DRS, Inc. (Nasdaq: DRS) announced that its SGT STOUT M-SHORAD Mission Equipment Package successfully defeated Group 1–2 small unmanned aircraft system threats during a U.S. Government test event, according to a company press release.

The system, originally designed to counter larger Group 3 and above unmanned aerial systems as well as fixed-wing and rotary-wing threats, achieved the expanded capability through updates to detection and fire control software alone, without adding new hardware to the existing platform.

Several hundred SGT STOUT systems are currently fielded. The company said the software-only upgrade path demonstrates the system's modular, open-architecture design, which allows capability changes

Leonardo DRS Demonstrates Defeat of Group 1-2 Unmanned Aerial System Threats for Fielded SGT STOUT M-SHORAD

Tue, 11 Aug 2026 16:01:00 -0400

ARLINGTON, Va., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that the company’s SGT STOUT M-SHORAD Mission Equipment Package (MEP) successfully defeated Group 1–2 small, unmanned aircraft system (UAS) threats during a U.S. Government test event, demonstrating the system’s ability to adapt rapidly to evolving air threats through a modular, open-architecture design.

“SGT STOUT was engineered from the start for modernization, so capability can evolve as the threat evolves,” said Aaron Hankins, senior vice president and general manager of the Leonardo DRS Land Systems business unit. “This event highlights an upgrade

Leonardo DRS Demonstrates Defeat of Group 1-2 Unmanned Aerial System Threats for Fielded SGT STOUT M-SHORAD

Tue, 11 Aug 2026 16:01:00 -0400

Leonardo DRS Demonstrates Defeat of Group 1-2 Unmanned Aerial System Threats for Fielded SGT STOUT M-SHORAD

Tue, 11 Aug 2026 16:01:00 -0400

Leonardo DRS Demonstrates Defeat of Group 1-2 Unmanned Aerial System Threats for Fielded SGT STOUT M-SHORAD

Tue, 11 Aug 2026 16:01:00 -0400

Hypersonic Testing Is Moving From Wind Tunnels to the Sky

Thu, 06 Aug 2026 13:43:00 -0400

CAPE CANAVERAL, Fla., Aug. 06, 2026 (GLOBE NEWSWIRE) -- Equity Insider News Commentary - In a recent conversation on the Fighter Pilot Podcast, Tim Franta, chief executive of Starfighters Space, Inc. (NYSE American: FJET), laid out an unusually clear picture of what his company actually does and where he intends to take it. It is a story that runs from a 1950s-designed fighter jet to low Earth orbit, and it lands squarely in two of the fastest-moving corners of aerospace today: hypersonic testing and small-payload launch. For investors trying

Hypersonic Testing Is Moving From Wind Tunnels to the Sky

Thu, 06 Aug 2026 13:43:00 -0400