Leonardo DRS, Inc.

Leonardo DRS, Inc. reported strong financial results for the second quarter and first half of 2026. For Q2 2026, revenue increased by 10.1% to $913 million, and net earnings surged by 59.3% to $86 million, with diluted EPS rising to $0.32. Year-to-date, revenue grew by 8.1% to $1,759 million, and net earnings increased by 42.3% to $148 million. The company also repaid its $191 million 2022 Term Loan A and established a new $500 million revolving credit facility.

Leonardo DRS reported strong second-quarter 2026 financial results, with revenue up 10% to $913 million and diluted EPS increasing 60% to $0.32. The company also announced the $450 million acquisition of Raft to expand its multi-domain AI, data fusion, and mission software capabilities. Based on its strong first-half performance, Leonardo DRS raised its 2026 guidance for Adjusted EBITDA and Adjusted Diluted EPS. Additionally, a cash dividend of $0.09 per share was declared.

Leonardo DRS reported strong financial results for the second quarter of 2026, with revenue increasing 10% to $913 million and net earnings rising 59% to $86 million. The company also announced the strategic acquisition of Raft for $450 million to enhance its multi-domain AI, data fusion, and mission software capabilities. Additionally, Leonardo DRS raised its 2026 guidance for Adjusted EBITDA and Adjusted Diluted EPS, declared a $0.09 per share cash dividend, and repurchased $12 million of common stock.

Leonardo DRS, Inc. announced a definitive agreement to acquire Raft LLC for $450 million in an all-cash transaction. This acquisition is set to enhance DRS's capabilities in open-architecture mission software, multi-domain data fusion, and artificial intelligence, supporting national security customers. The deal is expected to close in the fourth quarter of 2026, be accretive to Adjusted Diluted EPS in the first full year, and provide a tax benefit of approximately $50 million.

Leonardo DRS, Inc. announced a definitive agreement to acquire Raft LLC for $450 million in an all-cash transaction. Raft provides open-architecture mission software, specializing in multi-domain data fusion and artificial intelligence for national security customers. The acquisition is strategic, enhancing DRS's capabilities in integrated, AI-enabled mission solutions, and is expected to be accretive to Adjusted Diluted EPS in the first full year of ownership. DRS anticipates a $50 million present value tax benefit over 15 years from the transaction, which is expected to close in Q4 2026.

Leonardo DRS, Inc. reported strong financial results for the first quarter of 2026, with revenues increasing by 5.9% to $846 million and net earnings climbing 24% to $62 million. Diluted EPS also saw a significant rise to $0.23. The company also made strategic financial moves, including repaying its 2022 Term Loan A and establishing a new $500 million revolving credit facility, while continuing its dividend payments and share repurchase program.

Leonardo DRS reported strong financial results for the first quarter of 2026, with revenue increasing 6% to $846 million and net earnings rising 24% to $62 million. Adjusted EBITDA also saw a significant 28% increase to $105 million, driven by strong program execution and operating leverage. The company raised its full-year 2026 guidance across key metrics, including revenue and Adjusted Diluted EPS, reflecting confidence in continued performance. Additionally, Leonardo DRS declared a $0.09 cash dividend per share and repurchased $4 million of its common stock.