Latest news with #LeonardoDRS
CNBC
an hour ago
- Business
- CNBC
Cramer's Lightning Round: 'I can't recommend' Titan International
Titan International: "It just went up so huge, I can't go for it...I can't recommend it after this big move." Leonardo DRS: "I don't know Leonardo DRS...I've got to do more work." Joby Aviation: "Archer and Joby. What can I say? I'm not going to fight them." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest
Business Wire
2 days ago
- Business
- Business Wire
Leonardo DRS Schedules Second Quarter 2025 Earnings Conference Call for July 30, 2025
ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS) has scheduled a conference call for Wednesday, July 30, 2025 beginning at 10:00 a.m. (ET) to discuss its second quarter 2025 results. The company plans to issue its quarterly earnings press release prior to the conference call. The live audio broadcast of Leonardo DRS's conference call with corresponding press release and supplemental information will be available on the company's investor relations website. To attend the conference call or webcast, participants should register online at A replay will be available on the company's website approximately two hours after the conclusion of the conference call and will remain available for 90 days. About Leonardo DRS Headquartered in Arlington, VA, Leonardo DRS, Inc. is an innovative and agile provider of advanced defense technology to U.S. national security customers and allies around the world. We specialize in the design, development and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion, and other leading mission-critical technologies. Our innovative people are leading the way in developing disruptive technologies for autonomous, dynamic, interconnected, and multi-domain capabilities to defend against new and emerging threats. For more information and to learn more about our full range of capabilities, visit Forward-Looking Statements This communication contains statements that constitute 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
Yahoo
18-06-2025
- Business
- Yahoo
Astronics Soars 118% YTD: Should You Buy, Hold or Fold the Stock?
Astronics Corporation's ATRO shares have surged a solid 118.4% in the year-to-date period, outperforming both the Zacks Aerospace-Defense Equipment industry and the broader Zacks Aerospace sector's gain of 19.3%. It also came above the S&P 500's return of 1.2% in the same time frame. Image Source: Zacks Investment Research Other industry players like Leonardo DRS DRS and Curtiss-Wright Corp. CW have delivered a similar stellar performance in the same period. Shares of DRS and CW have surged 42.8% and 33.4%, respectively, year to date. With global air travel rising steadily of late and defense modernization gaining pace, aerospace technology stocks like Astronics have been witnessing strong upward momentum, as evident from its aforementioned share price hike. This may prompt investors to consider adding ATRO to their portfolios. However, before making a hasty investment call, it's crucial to explore the key factors fueling ATRO's recent share price momentum, its prospects for sustained growth, and risks (if any) that could affect future investor returns. Astronics has gained strong investor confidence in 2025, driven by robust quarterly results, innovative product launches and industry recognition. The company began the year by announcing preliminary fourth-quarter and full-year 2024 revenues. Quarterly revenues of $208-$210 million (up 7% at the midpoint) and full-year revenues of $796 million reflected a 15.5% increase year-over-year. In April, Astronics launched the SkyShow Server — an advanced moving map system with 4K visuals and real-time flight data — raising the bar for in-flight entertainment and aircraft cabin integration. The same month, its EmPower UltraLite G2 Power System earned the 2025 PAX Award for Best In-Seat Power Solution, underscoring its innovation and leadership in passenger power systems. In May, Astronics reported a strong first-quarter performance, with revenues rising 11.3% year over year and gross profit up 28.1%, driven by strength in its Aerospace segment. Backed by record bookings of $279.7 million, the company's backlog surged to a historic high of $673 million as of March 2025. Together, these achievements have significantly strengthened Astronics' investor sentiment, which has been reflected in its share price hike. Astronics ended March 2025 with cash and cash equivalents of $26 million. While its long-term debt totaled $160 million as of first-quarter 2025-end, its current debt was nil. So, it is safe to conclude that the stock boasts a solid solvency position in the near term, which, in turn, should enable ATRO to invest in new product innovation. After all, technological innovation is a major growth catalyst for stocks like ATRO, as both the commercial and defense aerospace markets increasingly thrive on next-gen solutions. Looking ahead, as airlines expand their fleets and enhance passenger experiences, driven by rapidly growing air travel demand worldwide, there is a heightened demand for advanced cabin power systems and in-flight entertainment and connectivity (IFEC) solutions. This should bode well for Astronics, which is already capitalizing on this trend, as evident from the 13.3% year-over-year increase in its first-quarter 2025 Commercial Transport sales. Now, let's take a sneak peek at ATRO's near-term earnings and sales estimates to check whether they also reflect similar growth prospects. The Zacks Consensus Estimate for ATRO's 2025 sales suggests year-over-year growth of 6.4%, while that for 2026 sales indicates an improvement of 8.5%. The 2025 and 2026 bottom-line estimates show a similar improving trend. Moreover, the upward revision in its yearly earnings estimate indicates that investors are gaining confidence in this stock's earnings capabilities. Image Source: Zacks Investment Research Image Source: Zacks Investment Research In terms of valuation, ATRO's forward 12-month price-to-earnings (P/E) is 21.10X, a discount to the industry average of 46.49X. This suggests that investors will be paying a lower price than the company's expected earnings growth compared to that of its industry average. Image Source: Zacks Investment Research Other industry peers are trading at a premium to ATRO. While DRS is trading at a forward 12-month P/E of 39.46X, CW is trading at 36.38X. The primary challenges that aerospace-defense stocks like ATRO, CW, and DRS continue to face include varying levels of supply-chain pressures stemming from the residual impacts of the COVID-19 pandemic, shortage of raw material, cost increases, and a rise in labor costs and labor shortage, particularly for skilled labor. Moreover, the recently imposed heightened tariff on the import of goods from almost all trading partners of the United States is likely to exacerbate the supply-chain challenge, which, altogether, might cause a delay in the delivery of finished products by ATRO. This, in turn, may hurt its operational results. To conclude, investors interested in ATRO may consider adding this stock to their portfolio, given its discounted valuation, upbeat near-term sales estimates, impressive share price performance, and upward revision in earnings estimates. The stock has a VGM Score of A, which is also a favorable indicator of strong performance. The company's Zacks Rank #1 (Strong Buy) further supports our thesis. You can see the complete list of today's Zacks #1 Rank stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Astronics Corporation (ATRO) : Free Stock Analysis Report Curtiss-Wright Corporation (CW) : Free Stock Analysis Report Leonardo DRS, Inc. (DRS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
11-06-2025
- Business
- Yahoo
Defense company with Richland Township facility gets $41M contract
JOHNSTOWN, Pa. – A defense manufacturer with facilities in Richland Township has received a $41 million contract to continue delivering combat management system hardware for the U.S. Navy, the Coast Guard and allied navies around the world. The contract has been awarded to Virginia-based Leonardo DRS by the Naval Sea Systems Command in Washington, D.C. Work to fulfill the contract will be performed at the Leonardo DRS production facility in the Johnstown area, the company said in a press release issued Monday. The local facility is set to provide hardware including multi-screen consoles and peripheral equipment for sailors to gather, process and display vital combat information and make rapid tactical decisions. Under the contract, Leonardo DRS' Johnstown-area site is tasked to provide hardware not only for the U.S. Navy, but also for its allied navies, including those of Australia, South Korea and Japan, company officials said in the press release. 'We are proud to continue our strong partnership with the U.S. Navy, the Coast Guard, and our closest allies on this critical program,' said Cari Ossenfort, senior vice president and general manager of the Leonardo DRS Naval Electronics business unit. 'Leonardo DRS remains the leading provider of critical combat and network hardware supporting surface ships and submarines, ensuring our maritime forces are equipped with the most advanced and reliable systems available.'
Yahoo
11-06-2025
- Business
- Yahoo
Leonardo DRS defense company gets $41M contract for work at Richland Township facility
JOHNSTOWN, Pa. – A defense manufacturer with facilities in Richland Township has received a $41 million contract to continue delivering combat management system hardware for the U.S. Navy, the Coast Guard and allied navies around the world. The contract has been awarded to Virginia-based Leonardo DRS by the Naval Sea Systems Command in Washington, D.C. Work to fulfill the contract will be performed at the Leonardo DRS production facility in the Johnstown area, the company said in a press release issued Monday. The local facility is set to provide hardware including multi-screen consoles and peripheral equipment for sailors to gather, process and display vital combat information and make rapid tactical decisions. Under the contract, Leonardo DRS' Johnstown-area site is tasked to provide hardware not only for the U.S. Navy, but also for its allied navies, including those of Australia, South Korea and Japan, company officials said in the press release. 'We are proud to continue our strong partnership with the U.S. Navy, the Coast Guard and our closest allies on this critical program,' said Cari Ossenfort, senior vice president and general manager of the Leonardo DRS Naval Electronics business unit. 'Leonardo DRS remains the leading provider of critical combat and network hardware supporting surface ships and submarines, ensuring our maritime forces are equipped with the most advanced and reliable systems available.'
