Leonardo DRS Awarded $117 Million Production Order for Family of Weapon Sights [Yahoo! Finance]
Leonardo DRS, Inc. (DRS)
Company Research
Source: Yahoo! Finance
production of its next-generation thermal weapon sights for the U.S. Army. The production order for $117 million was made under the current Family of Weapon Sights – Individual (FWS-I) IDIQ contract. Leveraging DRS's uncooled thermal imaging technology, FWS-I is a stand-alone, clip-on weapon sight that connects wirelessly to helmet-mounted vision systems including the enhanced night vision goggle binoculars and the next-gen integrated visual augmentation system and provides rapid target acquisition capabilities to the soldier. It gives users the ability to acquire targets day or night and in a range of degraded environmental conditions, providing strategic and tactical advantages on the battlefield. "This cutting-edge technology ensures soldiers will have the most advanced weapon sight systems on the battlefield today," said Jerry Hathaway, senior vice president and general manager of DRS's Electro-Optical Infrared Systems business. "We are proud the U.S. Army recognizes us as a t
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- Leonardo DRS Schedules Third Quarter 2024 Earnings Conference Call for October 30, 2024Business Wire
- Leonardo DRS, Inc. (NASDAQ: DRS) was downgraded by analysts at Bank of America Co. from a "buy" rating to a "neutral" rating. They now have a $30.00 price target on the stock, up previously from $26.00.MarketBeat
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DRS
Earnings
- 7/30/24 - Beat
DRS
Sec Filings
- 7/30/24 - Form 10-Q
- 7/30/24 - Form 8-K
- DRS's page on the SEC website