Leonardo DRS, Inc.: Initiation Of Coverage – Electric Power and Propulsion Systems Advancement Catalyzing Growth! 

Leonardo DRS’s performance during the second quarter of 2024 demonstrates a robust trajectory, backed by growth across several segments and strategic advancements, despite facing some industry-wide challenges. The company’s revenue growth of 20% year-over-year is entirely organic, driven primarily by demand in sectors related to advanced infrared sensing, electric power and propulsion, along with network computing and ground system integration. Moreover, Leonardo DRS’s adjusted EBITDA increased by 32%, showing a meaningful margin expansion of 100 basis points over the previous year, alongside improvements in adjusted net earnings and adjusted diluted earnings per share, which rose by 21% and 20% respectively.