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DRS News
DRS Events
Leonardo DRS Awarded 10-Year NASA Contract
Leonardo DRS has been awarded a 10-year prime contract under NASA's Solutions for Enterprise-Wide Procurement, or SEWP, VI Program. The government-wide acquisition contract, or GWAC, vehicle gives federal agencies a proven and streamlined path to rapidly procure approved Leonardo DRS products and services through 2036. NASA administers the government-wide SEWP acquisition contract. The award extends DRS's role as a SEWP prime contractor, a position the company has held since 2015. The DRS award covers a broad range of the company's products and services. DRS currently lists 368 contract line items representing vetted approved products, parts and services from multiple business units in its SEWP V catalog. These offerings are expected to transition to the SEWP VI contract, subject to final program requirements. Recent task orders have supported the U.S. Army, Navy, Air Force, Army Communications-Electronics Command, the Defense Logistics Agency, or DLA, and Foreign Military Sales, or FMS. Government agencies have already procured more than $110M in DRS products and services through SEWP V.
Leonardo DRS Awarded $500M IDIQ Contract
Leonardo DRS announced that it has been awarded a $500M ceiling indefinite-delivery/indefinite-quantity, or IDIQ, contract with three-year period of performance from the Joint Interagency Task Force 401, or JIATF-401. The award positions DRS to support JIATF-401 mission needs through the rapid fielding of operationally relevant capabilities. The JIATF-401 IDIQ is designed to increase speed and agility in delivering vetted Counter UAS technologies and systems to operators. Under this contract, DRS will be eligible to compete for task orders that enable the rapid delivery of integrated C-UAS sensing capabilities supporting force protection and low-altitude air defense missions.
Leonardo DRS Awarded U.S. Army Contract for DUTCH Initiative
Leonardo DRS announced that it has been awarded a contract by the U.S. Army Combat Capabilities Development Command, or DEVCOM, C5ISR Center to support the Delivering Unmatched Thermal Capability Hastened, or DUTCH, initiative. Supported by the Office of the Assistant Secretary of War for Critical Technologies, the DUTCH initiative is focused on accelerating the development and transition of next-generation uncooled thermal infrared sensing capabilities for defense applications. Potential applications include unmanned aerial systems, or UAS, counter-UAS, missile and rocket seekers, weapon sights, night-vision systems, ground-vehicle sensing and targeting, unmanned surface vessels and other emerging applications.
Leonardo DRS Receives $63M Order from U.S. Army
Leonardo DRS announced that it has received a $63M production order from the U.S. Army for its next-generation Family of Weapon Sights - Individual, or FWS-I, thermal weapon sight system. The order was placed under the Army's existing indefinite-delivery/indefinite-quantity, or IDIQ, contract for advanced thermal weapon sight systems supporting dismounted soldiers.
Nasdaq Hits Record Highs, S&P 500 Up 0.7%
Broad-based strength in the mega-cap tech space - in spite of continued upward pressure in Treasury yields - helped the Nasdaq Composite to fresh record highs on Monday and also lifted S&P 500 by 0.7%. Among the Mag-7, Nvidia, Metaand Teslawere up by about 2%. Computer Hardware stocks like Seagateand Western Digitalwere also notably higher, rising 4% and 6%, respectively. Rate sensitive sectors lagged, with Real Estate and Utilities finishing the day as the two worst performing areas of the market as the yield on the 10-year benchmark closed at the highs and above 5.3% for the first time since 2002.In the opening hour of the evening session, S&P e-minis and Nasdaq 100 contracts are up by about a decimal. WTI Crude Oil is down for the third straight session to trade below $90 per barrel as more constructive reports of traffic navigating the Strait of Hormuz and reports of a G7 supply release supercede the absence of a U.S.-Iran resolution.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Option Care Healthup 21.0% after FT report company is under takeover interest from McKesson and PE partnerFreshworksup 4.3% after admission into S&P SmallCap 600 indexLeonardo DRSup 1.8% after completing training, delivery for INOD Block III to Australian ArmyXenon Pharmaceuticalsup 1.7% after being started with Buy at GuggenheimORIC Pharmaceuticalsup 1.5% after entering pact with Cancer Research UK to advance ORIC-259Pinterestup 1.0% after naming new CFOLOWER -NeoGenomicsdown 3.1% after Q3 pre-announcement, CEO transitionTORM plcdown 1.4% after equity offering
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