Backlog And Future RevenueThe company's backlog reached a record $8.9 billion, with new funded bookings increasing by 24% year-over-year, indicating robust demand and future revenue potential.
Revenue GrowthLeonardo DRS reported strong revenue growth of 18% year-over-year, driven by high demand for critical products like C-UAS, electric power and propulsion, and advanced IR sensing programs.
Technological AdvancementsManagement aims to enhance the company's long-term opportunities through increased R&D investments, positioning Leonardo DRS well for technological advancements and evolving defense needs.