Sunday, November 8, 2026
TGOs

The business of defense

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Company

Leonardo DRS, Inc.

HeadquartersArlington, VA ↗
LeadershipJohn A. Baylouny, President and Chief Executive Officer ↗
Employees7,300 ↗
Revenue$3.6 billion (fiscal 2025) ↗
OwnershipLeonardo S.p.A. (about 71% of voting power) ↗
SharesDRS ↗

Products

  • SAGEcore is Leonardo DRS's AI-optimized open architecture software for tactical edge computing. ↗
  • Leonardo DRS integrates short-range air defense vehicles that combine AESA radars, electronic warfare equipment and kinetic countermeasures. ↗
  • Leonardo DRS makes naval propulsion systems and electro-optical sensors, among other defense electronics. ↗

Customers

  • The Navy and the Army each accounted for 36% of Leonardo DRS revenue in 2025. ↗
  • The Air Force accounted for 3% of Leonardo DRS revenue in 2025. ↗
  • Leonardo DRS's international sales are mainly to foreign governments for defense applications. ↗

Deals since 2020

Jul 202628

Leonardo DRS agrees to buy Raft

Provides open-architecture mission software, specializing in multi-domain data fusion and artificial intelligence (AI) that supports real-time situational awareness and faster operational decision-making for national security customers.

C4ISR and electronicsSource
$450 millionPending
Jun 202221

Leonardo DRS merges with RADA

A provider of advanced software-defined military tactical radars.

C4ISR and electronicsEW and sensorsautonomy and dronesSource
$511 millionClosed Nov 28, 2022
Apr 202219

Leonardo DRS sells Advanced Acoustic Concepts to Thales Defense & Security

Buyer: Thales Defense & Security

A joint venture that provides sonar systems and components, acoustic training systems, and other underwater systems.

EW and sensorsshipbuilding and maritimetraining and simulationSource
$56 millionClosed Jul 8, 2022
Mar 202221

Leonardo DRS sells Global Enterprise Solutions to SES Government Solutions

Buyer: SES Government Solutions

Provides commercial satellite communications to the U.S. Government and delivers satellite communications and security solutions to customers worldwide

IT and government servicesspaceSource
$450 millionClosed Aug 1, 2022
Jul 202128

Leonardo DRS buys Ascendant Engineering Solutions

An advanced gimbal producer located in Austin, TX

EW and sensorsautonomy and dronesSource
$11 millionClosed Jul 28, 2021

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