Doosan Heavy Ind. & Const.

Leonardo DRS, Inc. has announced a series of defense contract wins in recent weeks, including a deal with Doosan Enerbility to supply integrated electric propulsion systems for the Republic of Korea Navy's KDDX destroyer program. The company also booked US$96.00 million in MK 41 Vertical Launching System electronics awards and a US$39.60 million Joint Tactical Terminal Transceiver contract for the EA-18G Growler. Together, the naval propulsion, missile-launch electronics and resilient communications awards highlight Leonardo DRS's expanding role in next-generation, networked military platforms across air and sea domains. The company has upgraded its 2026 revenue guidance and reported improving margins, though the dollar value of these wins looks incremental relative to its multibillion revenue base. Five Simply Wall St Community fair value estimates for DRS span roughly US$31.62 to US$59.

Leonardo DRS announced September 17 that it signed a contract with Doosan Enerbility to supply electric propulsion for South Korea's KDDX destroyer program, covering propulsion motors and the electronic drives that control them. The broader KDDX program is expected to include at least six destroyers, but the announcement does not establish funded orders covering all six ships, and no contract value, delivery timing, or expected profitability was disclosed. Leonardo DRS says its hybrid electric drive systems have been provided for 20 Korean frigates across the FFX Batch II, III and IV programs, an existing relationship the company cites as strengthening its commercial case. The award fits an area already contributing to growth: Leonardo DRS reported second-quarter revenue of $913 million, up 10% year over year, with electric power and propulsion among the growth drivers, and funded backlog reached approximately $5.1 billion at June 30, up 17%, figures that predate the September announcement. Insider Monkey's database showed 32 hedge funds holding Leonardo DRS at the end of 2Q2026, up from 28 funds three months earlier.