Leonardo DRS, Inc.
| General Information | |
| Business: | (Note: Leonardo DRS, Inc. withdrew its IPO plans in an SEC letter dated Sept. 29, 2022, noting the company decided not to proceed with the IPO, and had instead decided to enter into an all-stock merger with RADA Electronic Industries Ltd. Leonardo DRS had filed its S-1 for the IPO on Feb. 26, 2021. Its IPO withdrawal letter notes that the SEC declared its proposed merger with RADA to be effective on Sept. 13, 2022. The merger is expected to close in the fourth quarter of 2022.)
DRS is a leading provider of defense products and technologies that are used across land, air, sea, space and cyber domains. Our diverse array of defense systems and solutions is offered to all branches of the U.S. military, major aerospace and defense prime contractors, government intelligence agencies and international military customers for deployment on a wide range of military platforms. We focus our capabilities in areas of critical importance to the U.S. military such as sensing, electronic warfare (“EW”), cyber security, network computing, communications, force protection and electrical power conversion and propulsion. Our alignment with the nation’s top defense priorities has allowed us to achieve a 12% compounded annual growth rate (“CAGR”) in revenues from the year ended Dec. 31, 2016, through the year ended Dec. 31, 2020.
|
| Industry: | Aerospace and Defense Technologies |
| Employees: | 6500 |
| Founded: | 1969 |
| Contact Information | |
| Address | 2345 Crystal Drive Suite 1000 Arlington, Virginia 22202 |
| Phone Number | (703) 416-8000 |
| Web Address | https://www.leonardodrs.com |
| View Prospectus: | Leonardo DRS, Inc. |
| Financial Information | |
| Market Cap | $3045.0mil |
| Revenues | $2778.0 mil (last 12 months) |
| Net Income | $85.0 mil (last 12 months) |
| IPO Profile | |
| Symbol | DRS |
| Exchange | NYSE |
| Shares (millions): | 31.9 |
| Price range | $20.00 - $22.00 |
| Est. $ Volume | $669.9 mil |
| Manager / Joint Managers | Goldman Sachs/ BofA Securities/ J.P. Morgan/ Barclays/ Citigroup/ Credit Suisse/ Morgan Stanley |
| CO-Managers | Credit Agricole CIB/IMI - Intesa Sanpaolo/MUFG/UniCredit Capital Markets |
| Expected To Trade: | 3/24/2021 |
| Status: | Withdrawn |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |