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Leonardo DRS, Inc.

DRS · NASDAQ

Market closed$44.14$1.04 (+2.41%)After hours $44.82 · +1.54%

Key statistics

Previous close$43.10
Open$42.68
Day high$44.72
Day low$42.51
52-week high$50.59
52-week low$32.43
Market cap11.77B
Volume1.69M
Average volume1.04M
P/E ratio36.78
Forward P/E—
EPS1.20
Dividend yield+0.82%

Market context

Why it moved

DRS (Leonardo DRS) rose on positive sentiment surrounding increased global defense spending and robust demand for defense technologies, as broader defense sector momentum continued to attract institutional buying interest.

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What is happening

Recent company-specific developments and publisher coverage.

July 17, 2026Leonardo DRS declined after announcing a major contract to supply more than 50,000 Tenum® Orbit™ thermal imaging cameras under a blanket purchase agreement, a significant production milestone tied to surging demand for compact thermal systems in unmanned platforms. Despite the deal highlighting the company's advanced sensing capabilities, shares pulled back alongside broader market weakness driven by a tech-led selloff, as investors weighed rich valuations after a 27%+ year-to-date run. Morgan Stanley's bullish sector note ahead of Q2 earnings and a consensus analyst price target of ~$52.90 — roughly 19% above current levels — underscore ongoing investor debate over valuation, even as defense spending tailwinds and strong Q1 results (30% EPS growth) support the long-term thesis.

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July 15, 2026Leonardo DRS closed down 1.24% as investors digested a major contract win alongside broader sector caution ahead of Q2 earnings season. The company announced a blanket purchase agreement to supply over 50,000 Tenum® Orbit™ thermal imaging cameras for drones and unmanned systems — a production milestone highlighting surging demand for compact sensing at scale. CEO John Baylouny also described "nearly insatiable" demand from the Middle East and international markets in a detailed interview, while Morgan Stanley maintained a constructive outlook on aerospace and defense ahead of Q2 results. Despite the positive catalysts, DRS pulled back alongside the broader industrials sector (XLI) amid ongoing geopolitical and macro uncertainty.

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July 15, 2026Leonardo DRS gained over 2% as the company's CEO outlined plans for both organic and inorganic growth in an interview with Breaking Defense, citing 'nearly insatiable' international demand for its defense systems. The advance was further supported by a Q1 2026 earnings beat in which EPS surged 25.9% above estimates, and by a broader defense sector tailwind as cooler-than-expected June CPI data lifted equities. In after-hours trading, shares extended gains to around $45.00, up an additional ~1.4%, as investor sentiment remained constructive heading into the rest of earnings season.

2.3529

July 14, 2026Leonardo DRS declined amid a broad market selloff driven by renewed U.S.-Iran military tensions that sent oil prices surging and rattled equity markets, with the S&P 500 and industrials sector ETF (XLI) also closing lower. Despite the macro headwinds, company-specific momentum remains intact — DRS reported Q1 2026 EPS that surged 25.9% above analyst estimates on strong defense demand, and parent Leonardo SpA received a Jefferies upgrade to Buy earlier this month, with analysts highlighting DRS's role in the Golden Dome missile defense program as a key growth driver in the expanding defense supercycle.

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July 10, 2026Leonardo DRS shares declined modestly, underperforming the broader industrials sector (XLI held near flat in after-hours) as investors weighed a backdrop of ongoing insider selling and geopolitical-driven market volatility. Recent Form 4 filings show executives including EVP Jason Rinsky and SVP Pamela Morrow have collectively sold ~61,500 shares over the past 90 days under pre-arranged 10b5-1 plans, while institutional holders like Meitav trimmed stakes significantly. Despite the near-term pressure, analyst consensus remains a "Moderate Buy" with an average price target of $53.75—well above current levels—underpinned by a strong Q1 beat (EPS of $0.26 vs. $0.21 est.) and robust defense sector tailwinds as U.S. defense spending surpassed $1 trillion in 2026.

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July 10, 2026Leonardo DRS closed essentially flat while gaining ground in after-hours trading, outperforming the industrials sector (XLI up 0.76% after hours) as investors continue to weigh a favorable defense spending backdrop against recent insider selling. EVP Jason Rinsky sold 3,865 shares (~$175K) under a pre-arranged 10b5-1 plan, adding to roughly $2.8M in insider sales over the past 90 days. Despite the insider activity, analyst sentiment remains constructive—consensus sits at 'Moderate Buy' with an avg. price target of $53.75—underpinned by Q1 beats on EPS ($0.26 vs. $0.21 est.) and revenue ($846M), and raised FY2026 guidance. Escalating U.S.-Iran tensions around the Strait of Hormuz continue to support the broader defense sector narrative.

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July 8, 2026Leonardo DRS closed down 1.67% amid a broad market risk-off session triggered by President Trump declaring the U.S.-Iran interim peace agreement 'over,' sending oil surging over 5% and weighing on industrials. While escalating Middle East tensions can be a tailwind for defense spending broadly, the sector ETF (XLI) also pulled back on the day as macro headwinds dominated. Company-specific news centered on an insider sale by EVP and Chief Tax and Treasury Officer Jason Rinsky, who sold 3,865 shares under a pre-arranged 10b5-1 plan, while institutional interest remains constructive — Stephens Investment Management more than doubled its stake in Q1. DRS trades at a modest 32x forward P/E relative to peers, with analysts maintaining a consensus 'Moderate Buy' and average target of $53.75, supported by a Q1 earnings beat and FY2026 EPS guidance of $1.26–$1.30.

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July 7, 2026Leonardo DRS rallied nearly 4%, outperforming the broader industrials sector (XLI near 52-week highs) as investors responded to a bullish Seeking Alpha piece highlighting accelerating radar and counter-drone demand, alongside a fresh institutional vote of confidence after Stephens Investment Management more than doubled its stake to over 2.1 million shares. The stock also got a boost from a defense sector tailwind—NATO spending pressure, rising European defense budgets, and a recent Truist 'strong-buy' upgrade—even as the company's recent removal from Russell Growth indexes had raised short-term flow concerns. Leonardo DRS's Q1 beat (EPS $0.26 vs. $0.21 est., revenue $846M) and FY2026 EPS guidance of $1.26–$1.30 underpin the constructive outlook, with the average analyst target at $53.75 implying meaningful upside from current levels.

3.774

Simply Wall Street · July 18, 2026How Investors May Respond To Leonardo DRS (DRS) High-Volume Tenum Orbit Thermal Camera ContractBenzinga · July 17, 2026Why Is Leonardo DRS Stock Surging on Friday?Stock Titan · July 17, 2026Leonardo DRS (NASDAQ: DRS) adopts new Code of Ethics and Business ConductInvesting.com · July 15, 2026Leonardo DRS secures contract for 50,000 thermal imaging cameraswww.marketscreener.com · July 15, 2026Leonardo DRS Secures Contract for More Than 50,000 Tenum® Orbit™ Thermal Imaging CamerasBreaking Defense · July 14, 2026Leonardo DRS CEO on ‘nearly insatiable’ demand abroad, using AI and moreDefense News · June 30, 2026How Leonardo DRS is advancing Indo-Pacific command systemsIAM Union · May 11, 2026IAM Union Calls on Leonardo DRS to End Lockout of West Plains Workers and Return to Fair Negotiations
Benzinga · July 17, 2026Why Is Leonardo DRS Stock Surging on Friday?
Mt Newswire · July 15, 2026Leonardo DRS Wins Contract to Supply Over 50,000 Thermal Imaging Cameras
Mt Newswire · June 5, 2026Leonardo DRS Insider Sold Shares Worth $253,272, According to a Recent SEC Filing
Mt Newswire · May 28, 2026Leonardo DRS Insider Sold Shares Worth $521,026, According to a Recent SEC Filing
Mt Newswire · May 19, 2026Leonardo DRS Insider Bought Shares Worth $1,069,328, According to a Recent SEC Filing
Benzinga · May 6, 2026Canaccord Genuity Maintains Buy on Leonardo DRS, Raises Price Target to $54
Benzinga · May 5, 2026Full Transcript: Leonardo DRS Q1 2026 Earnings Call
Mt Newswire · May 5, 2026Leonardo DRS Q1 Adjusted Earnings, Revenue Increase; Dividend Maintained

Peers

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