Leonardo DRS Q3 Profit Rises to $115 Million, Revenue Up 11% to $1.066 Billion

Leonardo DRS, Inc. (DRS) reported third-quarter earnings of $115 million, or $0.43 per share, up from $72 million, or $0.26 per share, in the same period last year. Excluding items, the defense contractor posted adjusted earnings of $124 million, or $0.46 per share. Revenue rose 11.0% to $1.066 billion from $960 million a year earlier. The company issued full-year guidance of $1.50 to $1.53 in earnings per share and revenue of $3.950 billion to $3.985 billion.