Leonardo DRS, Inc.
At today's price, Leonardo DRS, Inc. (DRS) is priced for today's economics sustained for ~8.7 years. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
• Leonardo DRS sells the electronics inside defense platforms rather than the platforms themselves, and the FY2025 10-K describes a business built on tactical radars, infrared sensing, and naval electric power and propulsion, with revenue up 12.8% to $3,648 million. • The balance sheet is not the risk: net debt of $137 million sits below half a year of operating income, and free cash flow ran near $301 million; the real strain is that the share count has grown about 6% a year, so per-share gains
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324 institutional managers reported holding DRS in 13F filings for the quarter ended 2026-03-31. Together they hold about 26% of the company; the top 10 hold 14%. 67 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 3.6M shares were sold short as of the 2026-06-15 count, about 1% of shares outstanding (4.6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DRS has cut its share count 12.8% over the past five years, spending $59.00M on repurchases. It pays no dividend. Cash returned over the past three years: $58.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at DRS over the trailing three years. Absence is a fact about the company, not a signal. 15 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DRS's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-03 | +1.5% | -0.7% |
| 2023-11-03 | +2.8% | -5.8% |
| 2024-02-29 | +6.7% | -7.6% |
| 2024-05-02 | -2.5% | +22.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DRS's latest 8-K filings: 2026-05-14 (items 5.07); 2026-05-05 (items 2.02, 7.01, 9.01); 2026-03-10 (items 5.02, 8.01, 9.01); 2026-02-24 (items 2.02, 7.01, 9.01); 2026-01-28 (items 1.01, 1.02, 2.03, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: July 1, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.