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Leonardo DRS, Inc.

HQ US · Texaswebsite ↗

Arlington, Virginia-headquartered US defense electronics company (subsidiary of Leonardo S.p.A., Italy). Listed alongside Teledyne FLIR and Lynred as one of three companies controlling "detector design, ROIC fabrication, and end-user modules" in the global IR detector market. ITAR-controlled. Produces IR detector arrays and thermal weapon sights for US military programs. DRS acquired by Leonardo (Italy) in 2008 for $2.6B. The Italian connection is notable: a European defense conglomerate (Leonardo, 30% Italian government-owned) has a significant stake in US ITAR-controlled infrared detector technology through its wholly-owned DRS subsidiary — raising periodic US national security review questions.

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Stories

What else they do

Business segments

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  • IR Detectors & Focal Plane Arrays

    35%
  • Intelligence, Surveillance & Reconnaissance

    30%
  • Ground Vehicle Electronics

    20%
  • Naval & Maritime Systems

    15%

Intelligence

What's known

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  • Did you know2024

    Leonardo DRS — one of the three companies identified as controlling the global IR FPA detector stack alongside Teledyne FLIR and Lynred — is a wholly-owned US subsidiary of Leonardo S.p.A., an Italian defense conglomerate in which the Italian government holds approximately 30% ownership. This means a significant portion of the ITAR-controlled US infrared focal plane array production capability is owned by a company where the Italian state is a major shareholder. US national security reviews (CFIUS and ongoing surveillance) apply to Leonardo DRS, but the configuration — US military technology company owned by a European government — is unusual and creates periodic scrutiny whenever US defense electronics contracts are involved.

    Leonardo DRS
  • Origin2023

    Leonardo DRS was created through a decade of defense company acquisitions. DRS Technologies (the predecessor) was a US defense electronics consolidator that assembled over 20 acquisitions through the 1990s and 2000s including Photronics Corp (IR detectors), Electro-Optical Sciences (EOS), and Spar Aerospace defense electronics. In 2008, Leonardo S.p.A. (then known as Finmeccanica, the Italian defense and aerospace group) acquired DRS Technologies for $2.6 billion -- making it the largest acquisition of a US defense electronics company by a foreign-government-linked entity to that point. The Italian government holds approximately 30% of Leonardo S.p.A., making Leonardo DRS a wholly-owned US defense company with a 30% indirect Italian state stake. The CFIUS review that approved the 2008 acquisition included mitigation agreements; Leonardo DRS operates as a US-based entity under a Special Security Agreement (SSA) that limits Leonardo S.p.A.'s access to classified programs. One of the three dominant IR FPA detector suppliers to the US military is ultimately owned by a government where a foreign state holds a minority stake.

    Leonardo DRS, Inc.