JP Morgan initiated coverage on Leonardo DRS with a new price target
$DRS
Industrial Machinery/Components
Industrials
JP Morgan initiated coverage of Leonardo DRS with a rating of Neutral and set a new price target of $23.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2025 | $50.00 | Buy | Canaccord Genuity |
| 8/11/2025 | $50.00 | Buy | Canaccord Genuity |
| 6/30/2025 | $49.00 | Buy | Goldman |
| 3/7/2025 | $40.00 | Neutral → Buy | BofA Securities |
| 9/24/2024 | $26.00 → $30.00 | Buy → Neutral | BofA Securities |
| 6/26/2024 | $30.00 | Buy | BTIG Research |
| 5/24/2024 | $26.00 | Equal-Weight | Morgan Stanley |
| 2/26/2024 | $23.00 | Neutral | JP Morgan |
Thermal Payload Optimized for High-Volume OEM Integration in Multiple Applications Leonardo DRS, Inc. (NASDAQ:DRS) announced today the launch of Tenum® 640 Orbit™, an advanced uncooled long-wave infrared (LWIR) thermal camera module optimized for unmanned air, ground, and maritime platforms. The company will debut Tenum® 640 Orbit™ at SOF Week in Tampa, FL (May 18-21). "Unmanned systems are fielding at scale. Integrators and operators need thermal cameras that are both mission-capable and integration-friendly," said Greg Christison, vice president, Sensors & Aviation, at Leonardo DRS. "Tenum® 640 Orbit™ is a size, weight, power and cost (SWAP-c) optimized OEM camera module to help accel
Revenue: $846 million, up 6% year-over-year Net Earnings: $62 million, up 24% year-over-year Adjusted EBITDA: $105 million, up 28% year-over-year Diluted EPS: $0.23, up 21% year-over-year Adjusted Diluted EPS: $0.26, up 30% year-over-year Bookings: $885 million (book-to-bill ratio of 1.0x) Funded Backlog: $4.7 billion, up 8% year-over-year Raises 2026 guidance across key metrics Dividend: Company declares $0.09 cash dividend per share to be paid on June 2, 2026 Leonardo DRS, Inc. (NASDAQ:DRS), a leading provider of advanced defense technologies, today reported financial results for the first quarter 2026, which ended March 31, 2026. CEO Commentary "Leonardo D
Leonardo DRS, Inc. (NASDAQ:DRS) announced today it is introducing a new 2 kVA AC Uninterruptible Power Supply (UPS) in the company's uninterruptible power supply family of products, delivering clean, conditioned backup power to help keep mission-critical electronics online through shipboard power disturbances. The product is designed and positioned as IP54-hardened, and military-qualified—built for harsh and unforgiving operating environments. "We designed this 2 kVA UPS to be a rugged, platform-ready building block for mission-critical loads operating outside controlled spaces," said Cari Ossenfort, senior vice president, general manager at Leonardo DRS Naval Electronics business unit. "
SD - Leonardo DRS, Inc. (0001833756) (Filer)
8-K - Leonardo DRS, Inc. (0001833756) (Filer)
10-Q - Leonardo DRS, Inc. (0001833756) (Filer)
Canaccord Genuity resumed coverage of Leonardo DRS with a rating of Buy and set a new price target of $50.00
Canaccord Genuity initiated coverage of Leonardo DRS with a rating of Buy and set a new price target of $50.00
Goldman initiated coverage of Leonardo DRS with a rating of Buy and set a new price target of $49.00
4 - Leonardo DRS, Inc. (0001833756) (Issuer)
4 - Leonardo DRS, Inc. (0001833756) (Issuer)
4 - Leonardo DRS, Inc. (0001833756) (Issuer)
4 - Leonardo DRS, Inc. (0001833756) (Issuer)
Leonardo DRS, Inc. (NASDAQ:DRS) announced today the appointment of Reuben Jeffery III to the company's Board of Directors. His appointment is effective on April 1, 2026. Jeffery served as President and Chief Executive Officer and member of the board of directors of Rockefeller & Co. from 2010 to 2018. Jeffery brings to the DRS Board extensive expertise in public policy, global finance, and corporate governance. "We are delighted that Reuben is joining our Board," said Frances (Fran) Fragos Townsend, Board Chair of Leonardo DRS. "As DRS continues executing our growth strategy and investing ahead of demand to support our customers, his perspective will be highly additive in helping guide di
Leonardo DRS, Inc. (NASDAQ:DRS) announced today the appointment of Sally Wallace as Executive Vice President, Chief Operating Officer (COO). Wallace, who has been with the company since 2002, will assume her new responsibilities effective immediately and will continue to report directly to CEO John Baylouny. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260106960576/en/Sally Wallace, Chief Operating Officer, Leonardo DRS "Wallace is a strong leader and a trusted partner. Throughout her tenure at Leonardo DRS, she has been instrumental in driving excellence and business improvement. I look forward to working closely with her and
William J. Lynn to retire as Chairman and Chief Executive Officer John Baylouny named President & Chief Executive Officer and member of the Board of Directors Frances Fragos Townsend named Chair of the Board of Directors All changes effective January 1, 2026 Leonardo DRS, Inc. (NASDAQ:DRS) announced today that William J. (Bill) Lynn will retire as Chairman and Chief Executive Officer after fourteen years of leading the company. The Board of Directors has unanimously named John Baylouny as President & Chief Executive Officer and a member of the Board. Additionally, the Board of Directors has unanimously elected Frances (Fran) Fragos Townsend as Board Chair. All changes are effec
SC 13G/A - Leonardo DRS, Inc. (0001833756) (Subject)
SC 13G - Leonardo DRS, Inc. (0001833756) (Subject)
Revenue: $846 million, up 6% year-over-year Net Earnings: $62 million, up 24% year-over-year Adjusted EBITDA: $105 million, up 28% year-over-year Diluted EPS: $0.23, up 21% year-over-year Adjusted Diluted EPS: $0.26, up 30% year-over-year Bookings: $885 million (book-to-bill ratio of 1.0x) Funded Backlog: $4.7 billion, up 8% year-over-year Raises 2026 guidance across key metrics Dividend: Company declares $0.09 cash dividend per share to be paid on June 2, 2026 Leonardo DRS, Inc. (NASDAQ:DRS), a leading provider of advanced defense technologies, today reported financial results for the first quarter 2026, which ended March 31, 2026. CEO Commentary "Leonardo D
Leonardo DRS, Inc. (NASDAQ:DRS) has scheduled a conference call for Tuesday, May 5, 2026 beginning at 10:00 a.m. (ET) to discuss its first quarter 2026 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website. To attend the conference call or webcast, participants should register online at https://investors.leonardodrs.com. A replay will be available on the company's website approximately two hours after the conclusion of the conference call and will remain avai
Revenue: $1.1 billion for the fourth quarter and $3.6 billion for the year Net Earnings: $102 million for the fourth quarter and $278 million for the year Adjusted EBITDA: $158 million for the fourth quarter and $453 million for the year Diluted EPS: $0.38 for the fourth quarter and $1.03 for the year Adjusted Diluted EPS: $0.42 for the fourth quarter and $1.15 for the year Bookings: $1.1 billion for the fourth quarter and $4.2 billion for the year (full year 2025 book-to-bill ratio of 1.2x) Backlog: $8.7 billion, up 3% from prior year Initiates strong 2026 guidance Leonardo DRS, Inc. (NASDAQ:DRS), a leading provider of advanced defense technologies, today reported