Leonardo DRS Awarded $26M Contract From NAVSEA For AN/SPQ-9B Radar Design Agent And Engineering Services
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS has been awarded a $26 million contract from NAVSEA for AN/SPQ-9B radar design agent and engineering services.
May 28, 2024 | 8:03 pm
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Leonardo DRS has been awarded a $26 million contract from NAVSEA for AN/SPQ-9B radar design agent and engineering services. This contract is likely to positively impact the company's revenue and strengthen its position in the defense sector.
The $26 million contract from NAVSEA is a significant addition to Leonardo DRS's revenue stream and reinforces its role in the defense sector. This contract is likely to boost investor confidence and positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100