# Leonardo DRS raises outlook as funded backlog reaches $5.6bn

_Published Friday, October 30, 2026 at 7:18 PM EDT · Products · Latest · Tier 2 — Notable_

![Leonardo DRS raises outlook as funded backlog reaches $5.6bn — Primary](https://www.airforce-technology.com/wp-content/uploads/sites/6/2026/10/Leonardo-13.jpg)

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.

## Sources

- [Air Force Technology](https://www.airforce-technology.com/news/leonardo-drs-2026-guidance/)

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Canonical: https://techandbusiness.org/newswire/AAl32Hze-91r7sVd6wrFq0
Published: 2026-10-30T23:18:43.737Z
Story chronology: 2026-10-30T13:05:23.000Z
Retrieved: 2026-10-31T01:47:47.568Z
Publisher: Tech & Business (techandbusiness.org)