Leonardo DRS lifts forecast as backlog hits record $5.6 billion

Leonardo DRS raised its full-year 2026 forecast on October 29 after reporting third-quarter revenue of $1.066 billion, up 11% from a year earlier, as demand for tactical radars, naval power and propulsion systems and space sensors drove the gain. Orders grew even faster than sales, with the Arlington, Virginia-based defense electronics maker booking $1.64 billion […]