DRSNasdaqSearch, Detection, Navigation, Guidance, Aeronautical SysFiscal year ends December 31
Leonardo DRS, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$35.18−0.24 (-0.68%)
Close on Oct 19, 2026
- Market cap
- $9.46B
- P/E (TTM)
- 29.6
- Dividend yield
- 1.02%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
26.6%
71M of 267M shares
Institutional holders
378
88 new, 49 sold out
Net institutional buying
2M
In Q2 2026
Insider trades, 12 months
1 buys · 22 sales
Net sold $8.09M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Leonardo US Holding, LLC | 189,745,073 | 72.30% | 13G (passive) amendment | Feb 9, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of DRS | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 4,989,059 | 1.87% | $212.88M | −141,762 | 0.00% |
| State Street Corp | 4,514,068 | 1.69% | $192.62M | +141,508 | 0.01% |
| Aqr Capital Management LLC | 4,430,913 | 1.66% | $187.87M | +1,355,595 | 0.07% |
| Vanguard Portfolio Management LLC | 3,605,042 | 1.35% | $153.83M | −93,385 | 0.01% |
| Vanguard Capital Management LLC | 3,569,634 | 1.34% | $152.32M | +19,953 | 0.00% |
| FMR LLC | 3,470,073 | 1.30% | $148.07M | −187,971 | 0.01% |
| First Trust Advisors LP | 2,681,836 | 1.00% | $114.43M | +453,725 | 0.07% |
| Price T Rowe Associates Inc /Md/ | 2,542,316 | 0.95% | $108.48K | −833,985 | 0.01% |
| Voya Investment Management LLC | 2,519,252 | 0.94% | $107.50M | −636,319 | 0.09% |
| Stephens Investment Management Group LLC | 2,401,901 | 0.90% | $102.49M | +283,570 | 1.10% |
| Bessemer Group Inc | 2,215,187 | 0.83% | $94.52K | +2,215,137 | 0.13% |
| Dimensional Fund Advisors LP | 2,076,065 | 0.78% | $88.56M | +93,067 | 0.02% |
| Invesco Ltd. | 1,930,811 | 0.72% | $82.39M | −387,052 | 0.01% |
| Nomura Asset Management International Inc. | 1,668,631 | 0.63% | $71.20M | −57,656 | 0.11% |
| Geode Capital Management, LLC | 1,554,923 | 0.58% | $66.36M | −43,645 | 0.00% |
| Van Eck Associates Corp | 1,536,024 | 0.58% | $65.54M | −201,493 | 0.04% |
| Millennium Management LLC | 1,183,856 | 0.44% | $50.52M | +933,598 | 0.02% |
| Massachusetts Financial Services Co /Ma/ | 1,126,442 | 0.42% | $50.61M | −118,804 | 0.02% |
| Capital International Investors | 1,126,176 | 0.42% | $48.05M | +30,940 | 0.01% |
| Norges Bank | 992,317 | 0.37% | $42.34M | New | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 378 | 71M | 26.6% | 88 / 151 | 98 / 49 | 11M | 9M |
| Q1 2026 | 343 | 69M | 25.8% | 82 / 125 | 94 / 50 | 21M | 14M |
| Q4 2025 | 317 | 69M | 25.9% | 59 / 126 | 98 / 54 | 13M | 11M |
| Q3 2025 | 318 | 68M | 25.4% | 63 / 123 | 99 / 59 | 14M | 12M |
| Q2 2025 | 316 | 65M | 24.5% | 98 / 101 | 93 / 31 | 9M | 13M |
| Q1 2025 | 254 | 70M | 26.1% | 47 / 88 | 88 / 36 | 8M | 6M |
| Q4 2024 | 248 | 69M | 25.7% | 56 / 92 | 72 / 18 | 8M | 8M |
| Q3 2024 | 212 | 68M | 25.6% | 50 / 70 | 60 / 9 | 12M | 8M |
| Q2 2024 | 172 | 70M | 26.2% | 25 / 69 | 53 / 29 | 7M | 7M |
| Q1 2024 | 177 | 69M | 26.0% | 36 / 62 | 51 / 19 | 7M | 10M |
| Q4 2023 | 161 | 73M | 27.2% | 41 / 72 | 33 / 6 | 29M | 6M |
| Q3 2023 | 126 | 49M | 18.5% | 19 / 48 | 40 / 9 | 5M | 4M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of DRS | Value | % of fund | As of |
|---|---|---|---|---|---|
| State Street(R) SPDR(R) S&P(R) Aerospace & Defense ETF | 3,004,354 | 1.13% | $128.20M | 1.98% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 2,538,051 | 0.95% | $108.30M | 0.00% | Jun 30, 2026 |
| First Trust RBA American Industrial Renaissance ETF | 2,067,083 | 0.77% | $88.20M | 0.77% | Jun 30, 2026 |
| Vanguard Small-Cap Index Fund | 1,836,203 | 0.69% | $78.35M | 0.04% | Jun 30, 2026 |
| Invesco Aerospace & Defense ETF | 1,777,594 | 0.67% | $81.86M | 0.99% | Jul 31, 2026 |
| T. Rowe Price New Horizons Fund, Inc. | 1,102,682 | 0.41% | $47.05M | 0.32% | Jun 30, 2026 |
| SMALLCAP World Fund Inc | 1,094,910 | 0.41% | $46.72M | 0.05% | Jun 30, 2026 |
| Vanguard Explorer Fund | 1,064,700 | 0.40% | $49.03M | 0.22% | Jul 31, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,058,543 | 0.40% | $45.17M | 0.10% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 888,407 | 0.33% | $37.91M | 0.04% | Jun 30, 2026 |
| Nomura Small Cap Value Fund | 790,879 | 0.30% | $38.56M | 1.11% | May 29, 2026 |
| iShares U.S. Aerospace & Defense ETF | 782,787 | 0.29% | $33.40M | 0.23% | Jun 30, 2026 |
| MFS New Discovery Fund | 774,855 | 0.29% | $37.78M | 1.76% | May 31, 2026 |
| Select Defense and Aerospace Portfolio | 718,700 | 0.27% | $35.04M | 0.91% | May 31, 2026 |
| Fidelity Mid-Cap Stock Fund | 692,900 | 0.26% | $31.91M | 0.36% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| John Baylouny | President and CEO, Director | 122,435 | 0.05% | Jun 22, 2026 |
| William Lynn III | Chief Executive Officer, Director | 312,382 | 0.12% | Dec 11, 2025 |
| Mark Dorfman | EVP, GC and Secretary | 29,271 | 0.01% | Sep 8, 2026 |
| Michael Dippold | EVP and CFO | 35,143 | 0.01% | Sep 4, 2026 |
| Jason Rinsky | EVP Chief Tax and Treasury | 23,581 | 0.01% | Aug 5, 2026 |
| Sally Wallace | EVP, Chief Operating Officer | 57,053 | 0.02% | Jun 15, 2026 |
| Pamela Morrow | SVP and Controller | 10,551 | 0.00% | May 28, 2026 |
| Kenneth J. Krieg | Director | 27,576 | 0.01% | Sep 10, 2026 |
| Frances F. Townsend | Director | 35,888 | 0.01% | Jul 1, 2026 |
| Gail Baker | Director | 33,876 | 0.01% | Jun 5, 2026 |
| Eric Salzman | Director | 15,376 | 0.01% | Jun 5, 2026 |
| Reuben Jeffery III | Director | 25,649 | 0.01% | Jun 5, 2026 |
| Louis R. Brothers Jr | Director | 24,316 | 0.01% | Jun 5, 2026 |
| George Casey | Director | 32,376 | 0.01% | Jun 5, 2026 |
| Mary E. Gallagher | Director | 33,876 | 0.01% | Jun 5, 2026 |
| David W. Carey | Director | 23,882 | 0.01% | Jun 16, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Kenneth J. Krieg Director | Sep 9, 2026 | Gift | −3,700 | – | – | 27,576 |
| Mark Dorfman EVP, GC and Secretary | Sep 4, 2026 | Sale(10b5-1 plan) | −7,471 | $37.01 | $276.50K | 29,271 |
| Michael Dippold EVP and CFO | Sep 2, 2026 | Sale(10b5-1 plan) | −20,317 | $37.18 | $755.39K | 35,143 |
| Jason Rinsky EVP Chief Tax and Treasury | Aug 4, 2026 | Sale(10b5-1 plan) | −3,864 | $45.81 | $177.01K | 23,581 |
| Jason Rinsky EVP Chief Tax and Treasury | Jul 7, 2026 | Sale(10b5-1 plan) | −3,865 | $45.37 | $175.36K | 27,445 |
| Frances F. Townsend Director | Jun 30, 2026 | Option exercise | +1,006 | – | – | 35,888 |
| John Baylouny President and CEO, Director | Jun 18, 2026 | Sale(10b5-1 plan) | −36,471 | $45.67 | $1.67M | 122,435 |
| Sally Wallace EVP, Chief Operating Officer | Jun 11, 2026 | Sale(10b5-1 plan) | −1,300 | $50.00 | $65.00K | 57,053 |
| Michael Dippold EVP and CFO | Jun 8, 2026 | Sale(10b5-1 plan) | −8,318 | $46.48 | $386.62K | 55,460 |
| George Casey Director | Jun 4, 2026 | Option exercise | +3,556 | – | – | 32,376 |
| Reuben Jeffery III Director | Jun 4, 2026 | Option exercise | +649 | – | – | 25,649 |
| Kenneth J. Krieg Director | Jun 4, 2026 | Option exercise | +3,556 | – | – | 31,276 |
| Mary E. Gallagher Director | Jun 4, 2026 | Option exercise | +3,556 | – | – | 33,876 |
| Eric Salzman Director | Jun 4, 2026 | Option exercise | +3,556 | – | – | 15,376 |
| Frances F. Townsend Director | Jun 4, 2026 | Option exercise | +3,556 | – | – | 34,882 |
| Louis R. Brothers Jr Director | Jun 4, 2026 | Option exercise | +3,556 | – | – | 24,316 |
| Mark Dorfman EVP, GC and Secretary | Jun 4, 2026 | Sale(10b5-1 plan) | −5,536 | $45.75 | $253.27K | 36,742 |
| Gail Baker Director | Jun 4, 2026 | Option exercise | +3,556 | – | – | 33,876 |
| Jason Rinsky EVP Chief Tax and Treasury | Jun 3, 2026 | Sale(10b5-1 plan) | −3,865 | $46.87 | $181.15K | 31,310 |
| Pamela Morrow SVP and Controller | May 27, 2026 | Sale | −11,545 | $45.13 | $521.03K | 10,551 |
| Reuben Jeffery III Director | May 19, 2026 | Buy | +25,000 | $42.77 | $1.07M | 25,000 |
| Michael Dippold EVP and CFO | Apr 2, 2026 | Sale(10b5-1 plan) | −7,071 | $45.38 | $320.88K | 63,778 |
| Sally Wallace EVP, Chief Operating Officer | Apr 2, 2026 | Sale(10b5-1 plan) | −28,960 | $46.35 | $1.34M | 58,353 |
| Mark Dorfman EVP, GC and Secretary | Apr 2, 2026 | Sale(10b5-1 plan) | −4,659 | $45.38 | $211.43K | 42,278 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Tax withholding | −2,459 | $45.86 | $112.77K | 70,849 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Option exercise | +5,451 | – | – | 73,308 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Tax withholding | −3,074 | $45.86 | $140.97K | 67,857 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Option exercise | +6,815 | – | – | 70,931 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Tax withholding | −4,673 | $45.86 | $214.30K | 64,116 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Option exercise | +10,360 | – | – | 68,789 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Tax withholding | −10,093 | $45.86 | $462.86K | 58,429 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Award | +22,378 | – | – | 68,522 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Tax withholding | −13,858 | $45.86 | $635.53K | 46,144 |
| Michael Dippold EVP and CFO | Apr 1, 2026 | Award | +33,380 | – | – | 60,002 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Option exercise | +8,325 | – | – | 159,363 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Award | +40,681 | – | – | 146,688 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Tax withholding | −17,555 | $45.86 | $805.07K | 129,133 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Award | +27,274 | – | – | 156,407 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Tax withholding | −2,710 | $45.86 | $124.28K | 158,906 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Option exercise | +6,008 | – | – | 161,616 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Tax withholding | −3,755 | $45.86 | $172.20K | 155,608 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Tax withholding | −5,695 | $45.86 | $261.17K | 151,038 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Option exercise | +12,627 | – | – | 156,733 |
| John Baylouny President and CEO, Director | Apr 1, 2026 | Tax withholding | −12,301 | $45.85 | $564.00K | 144,106 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Option exercise | +3,239 | – | – | 21,278 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Option exercise | +1,901 | – | – | 22,990 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Tax withholding | −1,183 | $45.86 | $54.25K | 21,089 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Option exercise | +2,517 | – | – | 22,272 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Tax withholding | −1,523 | $45.86 | $69.84K | 19,755 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Tax withholding | −894 | $45.86 | $41.00K | 22,096 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Tax withholding | −2,541 | $45.86 | $116.53K | 18,039 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Award | +6,993 | – | – | 20,580 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Tax withholding | −3,339 | $45.86 | $153.13K | 13,587 |
| Pamela Morrow SVP and Controller | Apr 1, 2026 | Award | +10,432 | – | – | 16,926 |
| Sally Wallace EVP, Chief Operating Officer | Apr 1, 2026 | Tax withholding | −9,839 | $45.86 | $451.22K | 71,881 |
| Sally Wallace EVP, Chief Operating Officer | Apr 1, 2026 | Award | +23,367 | – | – | 81,720 |
| Sally Wallace EVP, Chief Operating Officer | Apr 1, 2026 | Award | +15,664 | – | – | 87,545 |
| Sally Wallace EVP, Chief Operating Officer | Apr 1, 2026 | Tax withholding | −7,684 | $45.86 | $352.39K | 79,861 |
| Sally Wallace EVP, Chief Operating Officer | Apr 1, 2026 | Option exercise | +7,252 | – | – | 87,113 |
| Sally Wallace EVP, Chief Operating Officer | Apr 1, 2026 | Tax withholding | −3,558 | $45.86 | $163.17K | 83,555 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Mark Dorfman Officer | Sep 4, 2026 | 7,471 | $276.50K | Sep 4, 2026 | Restricted Stock Vesting |
| Michael Dippold Officer | Sep 2, 2026 | 20,317 | $765.95K | Sep 2, 2026 | Restricted Stock Vesting |
| Jason Rinsky Officer | Aug 4, 2026 | 3,864 | $177.01K | Aug 4, 2026 | Restricted Stock Vesting |
| Jason Rinsky Officer | Jul 7, 2026 | 3,865 | $175.36K | Jul 7, 2026 | Restricted Stock Vesting |
| John Baylouny Officer, Director | Jun 18, 2026 | 36,471 | $1.67M | Jun 18, 2026 | Restricted Stock Vesting |
| Sally Wallace Officer | Jun 11, 2026 | 1,300 | $65.00K | Jun 11, 2026 | Restricted Stock Vesting |
| Michael Dippold Officer | Jun 8, 2026 | 8,318 | $386.62K | Jun 8, 2026 | Restricted Stock Vesting |
| Mark Dorfman Officer | Jun 4, 2026 | 5,536 | $253.27K | Jun 4, 2026 | Restricted Stock Vesting |
| Jason Rinsky Officer | Jun 3, 2026 | 3,865 | $181.15K | Jun 3, 2026 | Restricted Stock Vesting |
| Pamela Morrow Officer | May 27, 2026 | 11,545 | $521.01K | May 27, 2026 | Restricted Stock Vesting |
| Michael Dippold Officer | Apr 2, 2026 | 7,071 | $320.88K | Apr 2, 2026 | Restricted Stock Vesting |
| Mark Dorfman Officer | Apr 2, 2026 | 4,659 | $211.43K | Apr 2, 2026 | Restricted Stock Vesting |
| Sally Wallace Officer | Apr 2, 2026 | 28,960 | $1.31M | Apr 2, 2026 | Restricted Stock Vesting |
| Michael Dippold Officer | Mar 16, 2026 | 16,330 | $739.26K | Mar 16, 2026 | Restricted Stock Vesting |
| Mark Dorfman Officer | Mar 16, 2026 | 10,014 | $453.33K | Mar 16, 2026 | Restricted Stock Vesting |