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Leonardo DRS Announces Financial Results for Fourth Quarter and Full Year 2024

1. DRS reported record bookings with mid-teens organic revenue growth. 2. CEO stated 2024 results exceeded expectations with robust free cash flow.

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FAQ

Why Bullish?

The strong earnings performance, record bookings, margin expansion and free cash flow generation signal operational excellence and increased investor confidence. Similar defense stocks have reacted positively to earnings beats in the past.

How important is it?

The record bookings and strong financial metrics directly impact investor sentiment and DRS’s near-term stock outlook, making it a highly material announcement.

Why Short Term?

Earnings announcements typically drive immediate market reactions and trading momentum, as seen in similar industry events.

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ARLINGTON, Va.--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq: DRS), a leading provider of advanced defense technologies, today reported financial results for the fourth quarter and full year ended December 31, 2024. CEO Commentary “Our 2024 financial results exceeded our expectations. DRS delivered record bookings, mid-teens organic revenue growth, healthy adjusted EBITDA margin expansion and solid free cash flow generation. The DRS team's focus on our customers and helping address their most ch.

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