Leonardo DRS wins $25 billion defense technology contract
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Leonardo DRS Selected to Support Department of War for Rapid Fielding of Emerging Technologies
March 23, 2026 4:01 PM EDTATSP5 award enables Leonardo DRS to provide advanced engineering to accelerate next-generation electronic systems for the U.S. military.
ARLINGTON, Va.--(BUSINESS WIRE)-- Leonardo DRS, Inc. (Nasdaq: DRS) announced today that it has been awarded an engineering solutions contract for the Advanced Technology Support Program V (ATSP5) to support the U.S. military in rapidly fielding emerging technologies. The indefinite-delivery, indefinite-quantity, multiple award contract has a total potential value of more than $25 billion over ten years.
Leonardo DRS is one of thirteen companies awarded this contract, which positions the Company to... More
