The U.S. subsidiary of Italy-based aerospace and defense conglomerate Leonardo has filed with the Securities and Exchange Commission a registration statement for its planned initial public offering. Leonardo DRS plans to list a minority stake of its common shares on the New York Stock Exchange using the ticker symbol “DRS” …

Italy-based aerospace and defense conglomerate Leonardo is considering listing its U.S. subsidiary on the New York Stock Exchange through an initial public offering to potentially raise $2.54 billion, Reuters reported Saturday. According to newspaper Il Messaggero, the possible listing of Arlington, Virginia-based Leonardo DRS is intended to support the parent …

Leonardo DRS‘ Laurel Technologies business and Data Link Solutions — a joint venture between BAE Systems and Collins Aerospace — have each secured a two-year, $150M blanket purchase agreement to provide cabinets for U.S. Navy electronic equipment.  Each company will manufacture up to 150 electronic equipment cabinets for the military …

Leonardo DRS and VT Group have secured positions on a five-year, $211.6M contract to help the U.S. Navy sustain technical insertion equipment.

Italy-based Leonardo said it intends to maintain control of U.S. defense subsidiary DRS even if the latter goes public, Reuters reported Thursday.

A Leonardo subsidiary has received a $171M contract modification to provide 36 additional TH-73A training helicopters to the U.S. Navy as part of the service branch’s Advanced Helicopter Training System initiative.

Leonardo DRS has received a potential five-year, $189.8M contract from the U.S. Army to develop a technology to protect its troops from hostile unmanned aircraft systems.

Leonardo DRS has been awarded a five-year, $250M contract to replace the U.S. Army's satellite communications terminals designed for tactical users. The contractor will help the Army replace the terminals that are set for decommissioning in fiscal year 2025, the Department of Defense said Wednesday.

Leonardo DRS has secured a potential four-year, $120M contract from the U.S. Navy to design representative development and production models of an aircraft countermeasure weapons replaceable assembly.

Black Cape Co-CEOs Abe Usher and Al Di Leonardo said automation technologies such as artificial intelligence and machine learning could help government agencies accelerate analysis of large data volumes and glean insights from data. They wrote about the three frameworks – TensorFlow, PyTorch and PyTorch scikit-learn – and how they help agencies and other organizations simplify AI adoption.