Leonardo DRS, Inc.
In the published model solve dated 2026-Q2, anchored at $38.38, Leonardo DRS, Inc. (DRS) is priced for today's economics sustained for ~5.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• Funded backlog reached a record 4.686 billion dollars at the end of March 2026, up 8% on the year, on top of the 8.4 billion dollars of total backlog and over 4.2 billion dollars of new orders the company booked across 2025 [Source: Q1 2026 results, 8-K furnished May 5, 2026, and fiscal 2025 10-K]. • Margins are the whole argument: the sensing and computing segment lifted its operating margin to 7.2% from 4.9% in the first quarter, which still leaves the company earning an 8.7% trailing operat
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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: 2026-07-30 (items 2.02, 7.01, 9.01); 2026-07-28 (items 8.01, 9.01); 2026-07-17 (items 5.05, 9.01); 2026-05-14 (items 5.07); 2026-05-05 (items 2.02, 7.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 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.