Leonardo DRS Signs Agreement with Australian Heavy Engineering Company with Intent to Advance Global Maritime Defense Projects
Leonardo DRS, Inc. (DRS)
Company Research
Source: Business Wire
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) and Hofmann Engineering Pty. Ltd. today announced their intent to form a strategic partnership to examine opportunities for the joint pursuit of advanced allied navy propulsion needs, as well as providing capabilities to open capacity to accelerate U.S. Navy ship and submarine production.Under a recently signed Memorandum of Understanding, the collaboration would build on Leonardo DRS’ deep experience in designing and developing high-performance, military-spec electric drive and hybrid electric drive propulsion systems for customers around the world, and Hofmann Engineering’s extensive large, precision manufacturing and fabrication experience.“Integrating advanced electric propulsion systems across allied fleets is more than an upgrade in performance, it’s a strategic necessity to ensure new and existing ships and submarines maintain operational superiority in an increasingly complex and high-tech battlespace,” said
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- Leonardo DRS (NASDAQ:DRS) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
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- Leonardo DRS: 22% Stock Price Drop Supports Strong Buy Rating (Upgrade) [Seeking Alpha]Seeking Alpha
- Defense Contractors Stocks Q3 Highlights: Leonardo DRS (NASDAQ:DRS) [Yahoo! Finance]Yahoo! Finance
- Leonardo DRS Signs Agreement with Australian Heavy Engineering Company with Intent to Advance Global Maritime Defense Projects [Yahoo! Finance]Yahoo! Finance
DRS
Earnings
- 10/29/25 - Beat
DRS
Analyst Actions
- 10/30/25 - Canaccord Genuity
DRS
Sec Filings
- 12/2/25 - Form 4
- 12/2/25 - Form 4
- 12/1/25 - Form 144
- DRS's page on the SEC website