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%.
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