Leonardo DRS Wins $382 Million U.S. Navy Hardware Solutions Contract

ARLINGTON, Va. — Leonardo DRS Inc. has won a U.S. Navy
contract for the development, integration and production of hardware solutions
for various Navy platforms, the company said in a Sept. 4 release.

The indefinite delivery, indefinite quantity contract has
a base award of more than $382 million. With options, the cumulative value of
the contract is estimated at more than $830 million.

Under the contract, Leonardo DRS will provide design,
procurement, production, sparing, test, installation, and support of displays,
workstations, processors, and network systems; the production of subsequent
systems, kits and enclosures; and engineering and technical services.

This contract combines purchases for the Navy and the
government of the United Kingdom under the Foreign Military Sales program as
well as under a memorandum of understanding with the Commonwealth of Australia.

“We are proud to continue our long history of providing the U.S. Navy with off-the-shelf and custom hardware systems that deliver the mission-critical modernization needs for our sailors. We have already delivered or are under contract for over 250 shipsets of products, going back to 1998,” said Lee Meyer, vice president and general manager of the Leonardo DRS Naval Electronics business.

The contract was awarded through the Leonardo DRS Laurel Technologies business.  Work will be performed in Leonardo DRS facilities in Johnstown, Pennsylvania; Burnsville, Minnesota; Germantown, Maryland; Largo, Florida; and Chesapeake, Virginia. Work is expected to be completed by the end of 2026.