Shares of Leonardo DRS, Inc. (DRS) were rising more than 4% in pre-market trading on Tuesday, after the defense contractor issued an upbeat fiscal 2026 outlook and reported improved fourth-quarter results.
For fiscal 2026, the company expects revenue in the range of $3.850 billion to $3.950 billion, up from $3.648 billion in 2025. Adjusted EPS is projected between $1.20 and $1.26, compared with $1.15 last year.
For the fourth quarter, the company posted net income of $102 million, or $0.38 per share, up from $89 million, or $0.33 per share, last year. Excluding items, earnings were $114 million or $0.42 per share.
Revenue for the period rose 8.1% to $1.060 billion from $981 million last year.
Leonardo DRS shares closed at $38.14 on Monday, down 4.72%.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.