Leonardo DRS Awarded Contract Worth More Than $77M To Deliver Additional Mission Equipment Packages For New SGT Stout Maneuver Short-Range Air Defense Platforms
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Leonardo DRS, Inc. has been awarded a contract worth over $77 million by General Dynamics Land Systems to provide mission equipment packages for the SGT Stout Maneuver Short-Range Air Defense platforms. This contract involves assembly, integration, and testing of the equipment.
October 15, 2024 | 8:04 pm
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Leonardo DRS has secured a significant contract worth over $77 million to supply mission equipment packages for the SGT Stout M-SHORAD platforms, enhancing its revenue and partnership with General Dynamics Land Systems.
The contract is a substantial addition to Leonardo DRS's revenue stream and strengthens its partnership with a major defense contractor, General Dynamics. This is likely to positively impact the stock price in the short term.
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