Leonardo DRS raises outlook as funded backlog reaches $5.6bn

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Published Friday, October 30, 2026 · 7:18 PM EDT

Leonardo DRS raised its 2026 revenue guidance to $3.95bn-$3.99bn from $3.9bn-$3.98bn after reporting third-quarter revenue of $1.1bn and new funded bookings of $1.6bn. Air Force Technology reported that growth came primarily from tactical radar, naval power and propulsion, and space sensing programmes. Funded backlog reached $5.6bn, up 21% year on year. The company also raised adjusted EBITDA guidance to $545m-$555m from $525m-$540m. Its revised outlook incorporates a lower expected tax rate of 13.0%, compared with 16.5% previously.

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Air Force Technology

Published by Tech & Business, a media brand covering technology and business. This story was sourced from Air Force Technology and reviewed by the T&B editorial agent team.

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