Leonardo DRS, Inc.
Leonardo DRS, Inc. (NASDAQ: DRS) is a mid-sized defense technology company providing advanced sensing, network computing, force protection, and electric power and propulsion solutions to U.S. national security customers and allied defense forces worldwide. The company maintains its website at… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Leonardo DRS, Inc. does
In the company’s own words
Leonardo DRS, Inc. (NASDAQ: DRS) is a mid-sized defense technology company providing advanced sensing, network computing, force protection, and electric power and propulsion solutions to U.S. national security customers and allied defense forces worldwide. The company maintains its website at https://www.leonardodrs.com.
DRS operates through two primary technology-driven segments: Advanced Sensing and Computing (ASC) and Integrated Mission Systems (IMS). The ASC segment designs and manufactures sensing and network computing technologies enabling real-time situational awareness across complex operating environments, including electro-optical and infrared systems, signals intelligence, electronic warfare, tactical radars, and edge computing solutions. The IMS segment develops power conversion and distribution systems, ship propulsion systems, motors, variable frequency drives, force protection systems, and transportation logistics solutions. In 2025, the company generated total revenues of approximately $3.6 billion, with 80 percent derived from U.S. government contracts, primarily through the Department of Defense. The Navy and Army each represented 36 percent and 36 percent of total revenues respectively, while the Air Force and other agencies contributed 3 percent and 5 percent.
As of December 31, 2025, DRS employed approximately 7,300 people, with roughly seven percent represented by labor unions. The company maintains an over 55-year legacy in defense applications, with established positions on priority defense platforms including the Columbia Class submarine and next-generation naval systems. DRS benefits from a diverse portfolio with no single contract exceeding ten percent of revenues, providing operational stability across multiple programs in production phases.
The company operates as both prime contractor and subcontractor, with 39 percent of 2025 revenues derived as a prime contractor and 61 percent as a subcontractor system provider. Fixed-price contracts represented 87 percent of revenues, reflecting the significant portion of production contracts in the portfolio. DRS maintains a funded backlog of $4.6 billion as of December 31, 2025, supporting revenue visibility and program continuity.
Leonardo DRS is an indirect subsidiary of Leonardo S.p.A., a global aerospace, defense and security company listed on the Milan Stock Exchange, operating under an amended and restated proxy agreement with the Department of Defense to address foreign ownership considerations.
Company details
- Sector
- Industrials
- Industry (SIC)
- Medical Instruments
- Headquarters
- ARLINGTON, VA
- Fiscal year end
- December
- CIK
- 1833756
- SIC
- 3812
Financial performance, year by year
Fiscal 2021–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Leonardo DRS, Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Leonardo DRS, Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
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