leonardo drs is a prime contractor, leading technology innovator and supplier of integrated products, services and support to military forces, intelligence agencies and defense contractors worldwide. the company specializes in naval and maritime systems, ground combat mission command and network computing, global satellite communications and network infrastructure, avionics systems, and intelligence and security solutions. additionally, the company builds power systems and electro-optical/infrared systems for a wide range of commercial customers. headquartered in arlington, virginia, leonardo drs is a wholly owned subsidiary of leonardo s.p.a., which employs more than 47,000 people worldwide. see the full range of capabilities at www.leonardodrs.com and on twitter @drstechnologies.
Company profile
Ticker
DRS
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
3083683 Nova Scotia Limited • Daylight Defense, LLC • Daylight Solutions, Inc. • DRS Advanced ISR, LLC • DRS Defense Solutions, LLC • DRS Environmental Systems, Inc. • DRS Homeland Security Solutions, Inc. • DRS International, Inc. • DRS Naval Power Systems, Inc. • DRS Network & Imaging Systems, LLC ...
IRS number
132632319
DRS stock data
Latest filings (excl ownership)
DEFA14A
Additional proxy soliciting materials
9 Apr 24
DEFA14A
Additional proxy soliciting materials
5 Apr 24
DEF 14A
Definitive proxy
5 Apr 24
8-K
Leonardo DRS 2024 Investor Day Highlights
14 Mar 24
10-K
2023 FY
Annual report
27 Feb 24
8-K
Leonardo DRS Announces Financial Results for Fourth Quarter and Full Year 2023
27 Feb 24
8-K
Other Events
2 Jan 24
8-K
Departure of Directors or Certain Officers
26 Dec 23
8-K
Other Events
21 Nov 23
424B7
Prospectus with selling stockholder info
17 Nov 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 47.00 mm | 47.00 mm | 47.00 mm | 47.00 mm | 47.00 mm | 47.00 mm |
Cash burn (monthly) | (no burn) | 1.33 mm | (no burn) | (no burn) | (no burn) | 2.58 mm |
Cash used (since last report) | n/a | 8.85 mm | n/a | n/a | n/a | 17.14 mm |
Cash remaining | n/a | 38.15 mm | n/a | n/a | n/a | 29.86 mm |
Runway (months of cash) | n/a | 28.6 | n/a | n/a | n/a | 11.6 |
Institutional ownership, Q3 2023
98.7% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 123 |
Opened positions | 16 |
Closed positions | 12 |
Increased positions | 47 |
Reduced positions | 38 |
13F shares | Current |
---|---|
Total value | 764.52 bn |
Total shares | 259.29 mm |
Total puts | 408.10 k |
Total calls | 1.03 mm |
Total put/call ratio | 0.4 |
Largest owners | Shares | Value |
---|---|---|
Leonardo US Holding | 210.45 mm | $0.00 |
Vanguard | 4.90 mm | $81.81 bn |
BLK Blackrock | 4.38 mm | $73.16 bn |
SAMG Silvercrest Asset Management | 3.25 mm | $54.21 bn |
Wellington Management | 3.15 mm | $52.53 bn |
MCQEF Macquarie | 3.13 mm | $52.31 bn |
IVZ Invesco | 3.11 mm | $51.95 bn |
STT State Street | 2.73 mm | $45.61 bn |
Boston Partners | 2.39 mm | $40.75 bn |
Royce & Associates | 1.79 mm | $29.83 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Apr 24 | Pamela Morrow | Common Stock | Payment of exercise | Dispose F | No | No | 20.65 | 960 | 19.82 k | 6,590 |
4 Apr 24 | Pamela Morrow | Common Stock | Option exercise | Acquire M | No | No | 0 | 3,237 | 0.00 | 7,550 |
4 Apr 24 | Pamela Morrow | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 3,237 | 0.00 | 6,476 |
1 Apr 24 | John Baylouny | Common Stock | Payment of exercise | Dispose F | No | No | 21.52 | 4,145 | 89.20 k | 31,276 |
1 Apr 24 | John Baylouny | Common Stock | Option exercise | Acquire M | No | No | 0 | 12,626 | 0.00 | 35,421 |
1 Apr 24 | John Baylouny | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 12,626 | 0.00 | 25,253 |
1 Apr 24 | William Lynn III | Common Stock | Payment of exercise | Dispose F | No | No | 21.52 | 22,532 | 484.89 k | 101,723 |
1 Apr 24 | William Lynn III | Common Stock | Option exercise | Acquire M | No | No | 0 | 46,361 | 0.00 | 124,255 |
1 Apr 24 | William Lynn III | RSU Common Stock | Option exercise | Dispose M | No | No | 0 | 46,361 | 0.00 | 92,722 |
1 Apr 24 | Michael Dippold | Common Stock | Payment of exercise | Dispose F | No | No | 21.52 | 3,119 | 67.12 k | 25,815 |
News
Leonardo DRS Introduces New Mounted Form Factor Mission System To Address the U.S. Army's CMOSS Modernization Initiative
26 Mar 24
B of A Securities Maintains Buy on Leonardo DRS, Raises Price Target to $26
15 Mar 24
JP Morgan Maintains Neutral on Leonardo DRS, Lowers Price Target to $24
15 Mar 24
Truist Securities Maintains Buy on Leonardo DRS, Raises Price Target to $25
28 Feb 24
JP Morgan Maintains Neutral on Leonardo DRS, Raises Price Target to $25
28 Feb 24
Press releases
Leonardo DRS Recognized with Prestigious Award for Revolutionary Infrared Sensor
4 Apr 24
Leonardo DRS Schedules First Quarter 2024 Earnings Conference Call for May 1, 2024
3 Apr 24
Leonardo DRS Introduces New Mounted Form Factor Mission System to Address the U.S. Army's CMOSS Modernization Initiative
26 Mar 24
Leonardo DRS 2024 Investor Day Highlights
14 Mar 24
Leonardo DRS to Host Investor Day
14 Mar 24