Leonardo DRS announced the promotion of Sally Wallace to Executive Vice President and Chief Operating Officer, effective immediately. Wallace has been with the company since 2002 and most recently served as Executive Vice President, Business Operations since 2016. In her new role, she will report directly to CEO John Baylouny and oversee global manufacturing, supply chain, and program execution. Wallace holds a Master’s in Business from the University of Chicago and a Master’s in Mechanical Engineering from the University of Connecticut, as well as a Bachelor of Science in Engineering Physics from Grove City College. Her appointment is expected to accelerate operational efficiency and support the company’s goal of sustained growth in advanced sensing, network computing, and propulsion systems.

Effective January 1, 2026, John Baylouny officially became President and Chief Executive Officer of Leonardo DRS, succeeding Bill Lynn after his fourteen-year tenure. Baylouny brings more than 35 years of experience within the organization, having overseen both operating segments as Chief Operating Officer and led enterprise strategy for next-generation capability development. He has prioritized speed and innovation, pledging to accelerate R&D investments and expand into high-opportunity defense and intelligence markets. His leadership is expected to sharpen the company’s competitive edge in multi-domain mission-critical systems and strengthen partnerships with U.S. and allied warfighters.

Recent 13F filings reveal significant shifts among institutional holdings in Leonardo DRS. Cwm LLC boosted its position by 460.8%, acquiring an additional 30,958 shares for a total holding valued at approximately $1.71 million. Munro Partners raised its stake by 72.5%, adding 71,590 shares to reach a $7.73 million position. Voya Investment Management increased its holding by 21.3%, now owning shares valued at $82.04 million. Swedbank AB and Union Bancaire Privée also initiated or expanded positions, while GAMMA Investing grew its holdings by 72.2%. Overall, institutional and hedge fund ownership now represents 18.76% of outstanding shares, reflecting growing confidence in the company’s strategic initiatives and long-term financial outlook.