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Leonardo DRS wins propulsion work for South Korea’s KDDX destroyer

Leonardo DRS ($DRS) received a contract from Doosan Enerbility to provide electric-propulsion equipment for South Korea’s KDDX destroyer program. The package includes permanent-magnet motors and variable-frequency drives from its 100 Series technology platform. Hanwha Ocean is building the lead vessel for the Republic of Korea Navy. The wider program is expected to include at least six destroyers, but the release does not establish that DRS has firm orders covering every planned ship. No contrac

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DRS@tickerstatVerified official TickerStat account

Leonardo DRS wins $39.6 million naval communications award

Leonardo DRS ($DRS) received a $39.6 million Naval Air Systems Command contract for Joint Tactical Terminal Transceiver units. The award covers engineering, production, aircraft integration, qualification and support for the EA-18G Growler. Work will be carried out through the company’s Airborne and Intelligence Systems business. The terminal supports the Navy’s Global Lightning initiative and is designed to provide multiple communications pathways, including government and commercial satellite

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