Leonardo DRS, Inc. DRS

DRS Company Overview

Leonardo DRS, Inc. (NASDAQ: DRS) is a U.S.-based defense technology company that develops and manufactures advanced sensing, force protection, network computing, and electric power and propulsion technologies for military and intelligence customers. The company operates primarily within the defense and aerospace industries, serving the U.S. Department of Defense, allied militaries, intelligence agencies, and defense prime contractors. Its major revenue drivers include advanced electronic systems, infrared sensing technologies, naval power systems, tactical computing, and integrated mission systems designed for land, air, sea, and space applications.

The company traces its roots to Diagnostic/Retrieval Systems, founded in 1969, and evolved through acquisitions and expansion into defense electronics and military systems integration. In 2008, Italy-based defense and aerospace group Leonardo S.p.A. acquired DRS Technologies and later rebranded the business as Leonardo DRS. The company returned to the public markets in 2022 through a public listing while Leonardo S.p.A. retained majority ownership. Leonardo DRS has positioned itself as a mid-tier defense contractor focused on high-priority modernization programs, particularly in sensing, battlefield networking, naval systems, and next-generation power technologies.