Leonardo DRS has appointed Sally Wallace as Executive Vice President and Chief Operating Officer, effective immediately. A 23-year veteran of the company, Wallace most recently served as Executive Vice President of Business Operations since 2016 and previously led the C4ISR Group. She holds advanced degrees in business, mechanical engineering and engineering physics from the University of Chicago, University of Connecticut and Grove City College, respectively. CEO John Baylouny highlighted her track record in driving operational excellence and business improvement, signaling a strategic push to streamline production, enhance program delivery and reinforce the firm’s position in high-growth defense markets.

John Baylouny officially took the helm as President and Chief Executive Officer on January 1, 2026, after a 35-year tenure encompassing engineering, design, operations and profit-and-loss leadership roles. As former Chief Operating Officer, he directed workforce planning across both business segments and shaped enterprise strategy for next-generation capabilities. Baylouny has pledged to prioritize expansion into high-opportunity markets, accelerate research and development of advanced sensing and propulsion technologies, and deepen partnerships with defense and intelligence agencies worldwide.

Recent 13F filings reveal that Cwm LLC increased its position in Leonardo DRS by 460.8%, acquiring an additional 30,958 shares to reach a total holding of 37,677 shares, representing roughly $1.7 million at the latest valuation. Munro Partners and Voya Investment Management also boosted their stakes by 72.5% and 21.3%, respectively, underscoring growing institutional conviction. The company reported third-quarter revenues of $960 million—up 18.2% year-over-year—with adjusted earnings per share of $0.29. A quarterly dividend of $0.09 per share was declared, equating to a 1.0% annualized yield and a payout ratio of 36.7%, reflecting a balanced approach to capital return and reinvestment.