Leonardo DRS Receives $45 Million U.S. Navy Investment Commitment to Bolster US Submarine Industrial Base
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Leonardo DRS, Inc. has secured a $45 million investment from the U.S. Navy to enhance its submarine industrial base capabilities. This funding will be used to expand DRS's naval propulsion manufacturing facility in Goose Creek, SC.
February 24, 2025 | 9:15 pm
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Leonardo DRS has received a $45 million investment from the U.S. Navy to enhance its submarine industrial base, which will expand its naval propulsion manufacturing capabilities.
The $45 million investment from the U.S. Navy is a significant boost for Leonardo DRS, as it directly supports the expansion of its naval propulsion manufacturing capabilities. This is likely to enhance the company's production capacity and future revenue potential, positively impacting its stock price in the short term.
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