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

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 security programs," said John Baylouny, President and CEO of Leonardo DRS.

Jerry Hathaway, senior vice president and general manager of Leonardo DRS Electro-Optical and Infrared Systems, said the award builds on existing and next-generation sensing technologies developed by the company's engineering teams.

The press release did not disclose the financial value of the contract.

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