Leonardo DRS announced that John Baylouny officially became President and Chief Executive Officer on January 1, 2026. Baylouny brings more than 35 years of experience within the company, having held senior leadership, engineering, design, operations and P&L roles. As Chief Operating Officer, he managed the workforce across the company’s two operating segments and led the enterprise strategy for next-generation capability development. Baylouny has emphasized a focus on speed and innovation, targeting expansion into high-opportunity defense and intelligence markets while maintaining the technical expertise and customer focus that have underpinned the company’s reputation for delivering mission-critical solutions.

In the third quarter, Cwm LLC increased its stake in Leonardo DRS by 460.8%, acquiring an additional 30,958 shares to reach a total holding of 37,677 shares, representing approximately $1.71 million at the time of filing. Other notable movements include Munro Partners adding 71,590 shares for a 72.5% increase to 170,345 shares, Voya Investment Management expanding its position by 317,294 shares to 1,807,025 shares, Swedbank AB initiating a $388,000 position, and Union Bancaire Privée UBP SA purchasing 4,110 shares to hold 28,863 shares. Institutional ownership now stands at 18.76%, reflecting growing confidence from major funds.

For the quarter ended October 29, Leonardo DRS reported revenue of $960 million, up 18.2% year-over-year, surpassing consensus expectations. Quarterly earnings per share reached $0.29, beating the consensus by $0.01 and improving on $0.24 in the prior year period. Return on equity was 11.37%, with a net margin of 7.43%. The company reaffirmed full-year fiscal 2025 guidance of $1.07 to $1.12 in adjusted EPS and declared a quarterly dividend of $0.09 per share, representing an annualized yield of 1.0% and a payout ratio of 36.7%.