Leonardo DRS secures $7M Thai Army vehicle upgrade deal

ARLINGTON, Va. - Leonardo DRS, Inc. (NASDAQ: DRS), a defense technology provider with a market capitalization of $18.3 billion, has secured a contract exceeding $7 million to equip the Royal Thailand Army’s new combat vehicles with its advanced Battle Management Systems (BMS) C4I hardware and software. The U.S. Army awarded the contract as part of the U.S. Government Grant Assistance program. The company’s stock has shown remarkable strength, gaining over 40% in the past six months according to InvestingPro data.

The company will act as the primary integrator for the BMS technology, which is designed to enhance command and control capabilities, situational awareness, and combat identification. This system will be incorporated into the Royal Thailand Army’s Stryker (NYSE:SYK) vehicles, with the goal of accelerating tactical operations and improving the safety and efficiency of military personnel in adverse conditions.

Leonardo DRS will collaborate with Chaiseri Defense, a Thai defense company, to manage the installation, training, and local support for the BMS program in Thailand. This partnership is expected to provide comprehensive training and sustainment capability, ensuring the effective deployment of the systems. InvestingPro analysis indicates the company maintains a strong financial health score, with particularly robust price momentum metrics.

The BMS hardware and software provided by Leonardo DRS is an international version of the Mounted Family of Computer Systems program currently used by the U.S. Army. The company emphasizes its commitment to equipping allied forces with modern technology, as stated by Bill Guyan, senior vice president and general manager of the Leonardo DRS Land Electronics business unit.

Leonardo DRS is known for its focus on network computing and integration, providing cutting-edge C4/C5 technologies to the U.S. military and its allies. The company continues to invest in future C5 capabilities, including the development of next-generation tactical computing systems, AI processing solutions, and advanced C5ISR/EW Modular Open Suite of Standards/Sensor Open System Architecture.

The information stated in this article is based on a press release statement from Leonardo DRS, Inc. Investors tracking this development should note that Leonardo DRS is scheduled to report its next earnings on March 12, 2025. The company currently trades at a P/E ratio of 16.6, with revenue growth of 13.5% in the last twelve months. For deeper insights into Leonardo DRS’s valuation and growth prospects, including exclusive ProTips and detailed financial analysis, visit InvestingPro.

In other recent news, defense technology provider Leonardo DRS has won a significant contract with the U.S. Army. The contract, valued at over $99 million, involves the production and delivery of advanced Mortar Fire Control Systems (MFCS). These systems are designed to modernize the Army’s existing mortar fire control capabilities by integrating them with the digital battlefield.

This significant development for Leonardo DRS involves supplying the Army with a precise weapon pointing device, an inertial navigation/position system, and a digital communications suite within a durable fire control computer. The aim is to increase the responsiveness and accuracy of mortar crews through the digital exchange of call for fire messages, weapon positioning, and ballistic computations.

Dennis Crumley, Leonardo DRS’s Land Electronics business unit’s senior vice president and general manager, expressed the company’s pride in being selected for this critical contract. This contract supports the Army’s modernization efforts and enhances the capabilities available to warfighters.

Leonardo DRS continues to focus on network computing as a leading provider of advanced C5 technologies crucial for targeting, situational awareness, and Battle Management Systems in multi-domain operations. The company’s future initiatives include the development of tactical computing systems, AI processing solutions, and advanced C5ISR/EW Modular Open Suite of Standards/Sensor Open System Architecture aligned mounted systems.

These recent developments highlight Leonardo DRS’s commitment to delivering advanced defense technology to U.S. national security entities and allies.

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