Leonardo DRS Business Summary

Leonardo DRS, Inc. (DRS) operates as a mid-tier defense technology provider, generating the majority of its revenue through high-value prime contracts and subcontracts with the U.S. Department of Defense, which accounts for approximately 80% of its total sales. The company’s business model is structured around two primary segments: Advanced Sensing and Computing, which focuses on infrared sensing, network computing, and counter-UAS technologies, and Integrated Mission Systems, which specializes in naval power conversion, electric propulsion, and force protection solutions. Positioned as a specialized innovator in high-growth defense niches, Leonardo DRS competes directly with major industry players such as Elbit Systems of America, General Dynamics Mission Systems, Moog Inc., and CAES, maintaining a competitive edge through sole-source positions on critical platforms like the Columbia-class submarine. Originally founded in 1969 by engineers Leonard Newman and David Gross as Diagnostic/Retrieval Systems, the company is currently led by President and CEO John Baylouny, a 35-year veteran of the firm who assumed the role on January 1, 2026, following his tenure as COO and CTO. The executive team includes Chief Operating Officer Sally A. Wallace, Chief Technology Officer Dr. Philip Perconti, and CFO Michael Dippold. The company is overseen by Board Chair Frances Fragos Townsend, a former Homeland Security Advisor to President George W. Bush, and includes notable directors such as General George W. Casey Jr. (Ret.) and Kenneth Krieg. While publicly traded on the Nasdaq, Leonardo DRS remains a majority-owned subsidiary of the Italian aerospace conglomerate Leonardo S.p.A., which retains an approximately 71% stake in the corporation.