Leonardo DRS: Will Its Force Protection & Counter-UAS Innovations Be A Potential Game Changer? 

Leonardo DRS reported its third-quarter fiscal year 2024 results, showcasing strong financial performance and strategic progress, but also highlighting ongoing challenges and considerations. The company delivered a solid quarter with significant year-over-year growth across key financial metrics. Revenue increased by 16%, entirely organic, reflecting robust customer demand and favorable timing of material receipts, with particular strengths in advanced infrared sensing, force protection, and tactical radars. Adjusted EBITDA rose by 22%, with a 60-basis[1]point improvement in margin, driven largely by increased volume and favorable program mix. Net earnings and adjusted diluted earnings per share (EPS) grew by 21% and 20%, respectively, emphasizing the company’s successful operational execution despite headwinds like higher tax rates.