Bullish indicating open at $55-$60, IPO prices at $37
ARLINGTON, Va. - Leonardo DRS, Inc. (NASDAQ:DRS), a $31 billion market cap defense technology company that has seen its stock surge 79% year-to-date, has completed its first series of open-water demonstrations of a maritime Mission Equipment Package (MEP) designed to protect naval fleets from unmanned aerial systems, the company announced Tuesday.
The counter-UAS system, which can be mounted on small uncrewed surface vessels, successfully demonstrated its core capabilities of detecting, identifying, and tracking drone threats during tests conducted under realistic sea conditions. The system also demonstrated counter-surface ship tracking capabilities. According to InvestingPro data, Leonardo DRS’s strong 14% revenue growth and robust financial health metrics suggest continued momentum in its defense technology initiatives.
The maritime MEP leverages technology from Leonardo DRS’s land-based mobile short-range air defense systems and incorporates several of the company’s proprietary technologies, including the BlackLab passive radio frequency detection system, STAG electro-optic/infrared gimbal with thermal cameras, and a tactical data management system using sensor fusion and AI.
"The U.S. Navy faces the same evolving drone threats as our land forces, and we recognize the urgency of delivering a reliable solution to protect the lives of sailors," said Cari Ossenfort, senior vice president and general manager of the Leonardo DRS Naval Electronics business unit.
According to the company, the system is designed with mission flexibility through modularity and platform agnosticism. It can integrate various sensors and scalable kinetic or non-kinetic countermeasures using an open system architecture.
The development comes as the Navy explores autonomous surface vessels to protect ships from air and surface threats. The announcement was made in a press release statement from the defense technology company. With analysts maintaining a bullish outlook and multiple growth catalysts identified in the comprehensive InvestingPro Research Report, Leonardo DRS appears well-positioned in the defense sector. Discover more detailed analysis and 12+ additional ProTips about DRS’s growth potential with an InvestingPro subscription.
In other recent news, Leonardo reported strong growth in its Q2 2025 earnings. The Italian aerospace and defense company highlighted significant increases in orders, revenues, and EBITDA, while also reducing its net debt. Leonardo raised its full-year guidance for order intake and free operating cash flow, signaling confidence in its financial outlook. The company’s strategic initiatives, including new joint ventures and acquisitions, were noted as factors strengthening its competitive position in the global defense market. These developments suggest a positive trajectory for Leonardo, as it continues to expand and enhance its operations.
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