Leonardo DRS Awarded Production Order For $117M Was Made Under The Current Family Of Weapon Sights – Individual (FWS-I) IDIQ Contract From The U.S. Army
Portfolio Pulse from Benzinga Newsdesk
Leonardo DRS, Inc. has been awarded a $117 million production order for its next-generation thermal weapon sights under the U.S. Army's FWS-I IDIQ contract. This order highlights the strategic importance of DRS's uncooled thermal imaging technology in enhancing battlefield capabilities.
August 27, 2024 | 8:01 pm
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Leonardo DRS has received a $117 million order from the U.S. Army for its thermal weapon sights, indicating strong demand for its defense technology.
The $117 million order from the U.S. Army is a significant boost for Leonardo DRS, reflecting strong demand for its thermal imaging technology. This contract is likely to positively impact DRS's revenues and market perception in the short term.
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