financetom
Business
financetom
/
Business
/
Leonardo DRS Gets $41 Million Contract
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Leonardo DRS Gets $41 Million Contract
Jun 9, 2025 1:43 PM

04:27 PM EDT, 06/09/2025 (MT Newswires) -- Leonardo DRS ( DRS ) said Monday it has been awarded a $41 million contract from the Naval Sea Systems Command to keep providing combat management system hardware for US Navy surface combatants, allied naval forces, and the U.S. Coast Guard.

The company said that it will provide hardware to support the AEGIS Combat System and Ship Self-Defense System deployed on large and small deck ships.

The contract also includes systems for allied navies, including those of Australia, South Korea, and Japan, it added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Kenon Sells 5 Million Shares of ZIM Integrated Shipping Services for $110.6 Million, Sets Collar Transaction
Kenon Sells 5 Million Shares of ZIM Integrated Shipping Services for $110.6 Million, Sets Collar Transaction
Jun 6, 2024
11:31 AM EDT, 06/06/2024 (MT Newswires) -- Kenon Holdings ( KEN ) said Thursday it sold 5 million shares of ZIM Integrated Shipping Services ( ZIM ) for net proceeds of $110.6 million, lowering its stake in ZIM to 16.5%. The company also said it entered into a collar transaction involving stock options with an undisclosed investment bank for an...
Texas Instruments Unusual Options Activity
Texas Instruments Unusual Options Activity
Jun 6, 2024
Investors with a lot of money to spend have taken a bullish stance on Texas Instruments ( TXN ) . And retail traders should know. We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don't know. But when...
Xylo Technologies Says Gix Internet Signs Memorandum of Understanding to Acquire Robotics Company
Xylo Technologies Says Gix Internet Signs Memorandum of Understanding to Acquire Robotics Company
Jun 6, 2024
11:32 AM EDT, 06/06/2024 (MT Newswires) -- Xylo Technologies ( XYLO ) said Thursday that Gix Internet signed a nonbinding memorandum of understanding to acquire an unnamed robotics company. Xylo ( XYLO ) said it owns nearly 46% of Gix Internet. The shareholders of the robotics company will exchange all of their shares for 30% of the issued and outstanding...
Freshworks Completes Device42 Acquisition
Freshworks Completes Device42 Acquisition
Jun 6, 2024
11:27 AM EDT, 06/06/2024 (MT Newswires) -- Freshworks ( FRSH ) said Thursday it completed the acquisition of software company Device42. The company said integrating Freshworks ( FRSH ) and Device42 solutions will provide customers with a single integrated platform with IT service management and asset management tools including improved asset discovery and mapping to cut risk and solve incidents....
Copyright 2023-2026 - www.financetom.com All Rights Reserved