Leonardo DRS Awarded $52M Follow-On Production Order For Sniper Weapon Sights
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS, Inc. has been awarded a $52 million follow-on production order for its Sniper Weapon Sights by the U.S. Army. This order is part of the existing Family of Weapon Sights–Sniper (FWS-S) IDIQ contract, highlighting the company's advanced infrared imaging technology.
August 20, 2024 | 8:00 pm
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Leonardo DRS has received a $52 million order from the U.S. Army for its Sniper Weapon Sights, indicating strong demand for its advanced infrared technology and potentially boosting its revenue.
The $52 million order from the U.S. Army for Sniper Weapon Sights is a significant contract for Leonardo DRS, indicating strong demand for its products. This could lead to increased revenues and positive investor sentiment, likely driving the stock price up in the short term.
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