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

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 Electronics is proud to continue providing the U.S. Navy and allied partners with critical MK 41 vertical launch system electronics hardware, supporting the program for over 15 years," said Cari Ossenfort, senior vice president and general manager of the Leonardo DRS Naval Electronics business unit.

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