Leonardo DRS is well-positioned to benefit from significant increases in US and European defense spending, especially with new FY26 US defense budget allocations. The company operates through Advanced Sensing and Computing and Integrated Mission Systems segments, providing diversified exposure to critical defense modernization priorities.
Cyborg Score Rationale
Leonardo DRS's 2024 revenue was $3.23 billion, an increase of 14.44% compared to the previous year's $2.83 billion, with earnings increasing 26.79%. According to 6 analysts, the average rating is "Strong Buy" with a 12-month stock price target of $46.83, representing 23.99% upside.
Top Insights
2024 revenue grew 14.44% to $3.23B with earnings up 26.79%
Current market cap of $10.05B
Positioned for significant growth from increased US and European defense spending
Recently downgraded from Strong Buy to Buy as valuation gap has closed after 23.7% rally
Named Competitors
Advanced Sensing & Computing — Defense sensing and computing solutions
Mission Systems — Integrated defense mission systems
RTX Defense — Multi-domain defense technologies
Recent Developments
(January 2026) Sally Wallace named Executive Vice President and COO
(January 2026) Price target raised to $54 from $47 at Truist
(December 2025) Achieved first space data transport test milestone
(October 2025) Announced Vehicle Integrated Power Kits (VIPKs) contract with U.S. Army
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