TEL AVIV, Israel, Jan. 12, 2026 /PRNewswire/ -- Axon Vision (TASE: AXN), a leading provider of AI-powered solutions for defense applications, announced today that it has received an order from Leonardo DRS for the delivery of its new AI-based system for C-UAS missions. Valued at approximately $350,000, the contract covers the delivery of an initial set of systems that provides end-to-end detection, classification, tracking, and interception of aerial threats (C-UAS) and other rapidly evolving threats requi ...

Group 1 - Leonardo DRS Inc. is recognized by Wall Street analysts as one of the best aerospace and defense stocks to buy, particularly following the successful on-orbit test of its multi-channel, software-defined radio [1][2] - The eXtended Crypto Module3-Space (XCM3-Space) is a proprietary technology aimed at enhancing military satellite data transport capabilities, addressing emerging cyber and electronic warfare threats [2][3] - The company has a strong reputation built over 50 years, providing advanced systems and services to military and intelligence agencies across various platforms [5] Group 2 - On December 8, Leonardo DRS entered a memorandum of intent with Saudi Arabia's Ministry of Defense to explore collaboration on ground combat vehicles, including battle management systems and rugged vehicle computing hardware [4] - Morgan Stanley analyst Kristine Liwag reiterated a Hold rating on Leonardo DRS with a price target of $40 [4]

MIAMI, FLORIDA / ACCESS Newswire / December 19, 2025 / Luminar Media Group, Inc. (OTCID:LRGR) ("Luminar" or the "Company"), today announced that it has confidentially submitted a draft registration statement (DRS) on Form S-1 to the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. ...

Core Insights - Leonardo DRS, Inc. has signed a Memorandum of Intent with the Kingdom of Saudi Arabia's Ministry of Defense to explore opportunities in ground combat vehicles and dismounted forces [1] - The collaboration aligns with the United States' Strategic Defense Agreement with Saudi Arabia, supporting the Vision 2030 defense modernization roadmap [2] - Wall Street analysts remain positive on Leonardo DRS, with recent Buy ratings and a price target of $50 from Canaccord Genuity [3] Company Overview - Leonardo DRS, Inc. specializes in designing, developing, and manufacturing advanced defense technologies, including sensing, network computing, force protection, electric power, propulsion, and mission-critical systems for U.S. national security and allies [4]

Core Viewpoint - Leonardo DRS Inc. is recognized as one of the best industrial stocks to buy, with analysts from Canaccord Genuity and Truist Financial reiterating a Buy rating and a price target of $50 [1][2]. Group 1: Contract and Partnership - Leonardo DRS signed a contract with Chaiseri Defense Systems to provide an advanced Battle Management System, enhancing their partnership and supporting the Royal Thai Army's modernization efforts [2][3]. - Under the agreement, Leonardo DRS will supply its established BMS technology, while Chaiseri will handle installation, training, and long-term maintenance in Thailand [3]. Group 2: Technological Focus - The collaboration aims to improve real-time situational awareness using the latest tactical computing tools across various military operations [3]. - Leonardo DRS is focusing on advancing C4 and C5 technologies, investing in tactical computing, AI-driven processing, and modular open systems to enhance sensor fusion and situational awareness [4]. Group 3: Company Overview - Leonardo DRS is a major U.S. defense technology company that designs and supplies advanced electronics, sensors, power systems, and network solutions for military forces and intelligence agencies [5].

Group 1 - Leonardo DRS, Inc. (NYSE: DRS) has experienced a decline of 22.3% since the stock was downgraded from Buy to Hold, underperforming the S&P 500's gain of 14.1% [1] - The decline in Leonardo DRS's stock price reflects both company-specific sentiment and broader market conditions [1] - The analyst, Dhierin-Perkash Bechai, specializes in the aerospace, defense, and airline sectors, providing insights into investment opportunities within these industries [1]

Core Insights - Leonardo DRS, Inc. and Hofmann Engineering Pty. Ltd. are forming a strategic partnership to explore opportunities in advanced allied navy propulsion needs and to enhance U.S. Navy ship and submarine production capacity [1] Company Overview - The collaboration is based on a recently signed Memorandum of Understanding, leveraging Leonardo DRS' extensive experience in design and development [1]

Revenue and Financial Performance - For the nine months ended September 30, 2025, approximately 81% of the company's business was derived from the Department of Defense (DoD), with revenues from the U.S. Navy and U.S. Army accounting for 38% and 36% of total revenues, respectively [110]. - Revenue for the nine months ended September 30, 2025, consisted of 94% product-related revenue, with 88% of total revenue coming from firm-fixed price contracts [136]. - Total revenues for the three months ended September 30, 2025, increased by $148 million, or 18.2%, to $960 million compared to the same period in 2024 [144]. - Total revenues for the three months ended September 30, 2025, increased by 18.2% to $960 million compared to $812 million for the same period in 2024 [182]. - Total revenues for the nine months ended September 30, 2025, increased by 14.9% to $2,588 million compared to $2,253 million in 2024 [182]. - International revenue accounted for approximately 9% of total revenue for the nine months ended September 30, 2025, down from 13% in 2024, primarily due to timing of sales [177]. Profitability and Earnings - Gross profit for the three months ended September 30, 2025, increased by $43 million, or 24.0%, to $222 million, resulting in a gross margin expansion of 110 basis points [149]. - Operating earnings for the three months ended September 30, 2025, increased by $18 million to $93 million, driven by gross profit impacts [155]. - Net earnings for the three months ended September 30, 2025, increased by $15 million to $72 million, attributed to higher earnings before taxes and changes in the effective tax rate [160]. - Total operating earnings for the three months ended September 30, 2025, rose by 24.0% to $93 million compared to $75 million in 2024 [182]. Backlog and Bookings - Total backlog increased by $645 million to $8,909 million as of September 30, 2025, from $8,264 million as of September 30, 2024 [162]. - Bookings for the three months ended September 30, 2025, increased to $1,307 million compared to $1,051 million for the same period in 2024, reflecting strong demand across segments [164]. - Bookings for the three months ended September 30, 2025, increased by 24.4% to $1,307 million from $1,051 million in 2024 [182]. Segment Performance - ASC segment revenue for the three months ended September 30, 2025, was $580 million, an increase of 8.8% from $533 million in 2024, driven by advanced sensing programs [183]. - IMS segment revenue for the three months ended September 30, 2025, increased by 34.4% to $383 million from $285 million in 2024, attributed to force protection programs [191]. - ASC segment operating margin for the three months ended September 30, 2025, decreased to 7.8% from 8.4% in 2024, attributed to increased R&D and G&A expenditures [187]. - IMS segment operating margin for the three months ended September 30, 2025, increased to 12.5% from 10.9% in 2024, driven by operational leverage from increased revenue [194]. Operational and Strategic Initiatives - The company is focused on continuous improvement through its APEX program, which aims to enhance efficiency and customer satisfaction [124]. - The company is exploring acquisitions to expand its portfolio and may consider divestitures of non-strategic businesses [179]. - The company has received orders from the U.S. and allies to provide equipment in support of military aid efforts due to ongoing global conflicts, including the situation in Ukraine [125]. Cash Flow and Financial Position - As of September 30, 2025, the company's cash balance was $309 million, a decrease from $598 million as of December 31, 2024 [198]. - Net cash used in operating activities decreased by $113 million to $59 million for the nine months ended September 30, 2025, compared to $172 million for the same period in 2024 [200]. - Net cash used in investing activities increased by $50 million to $105 million for the nine months ended September 30, 2025, primarily due to higher capital expenditures for a naval expansion project and a $15 million investment in Hoverfly Technologies [201]. - Net cash used in financing activities rose to $125 million for the nine months ended September 30, 2025, compared to $42 million for the same period in 2024, driven by dividends, employee tax payments, and share buybacks [202]. Risks and External Factors - The U.S. government shutdown on October 1, 2025, could lead to programmatic and funding impacts, including delayed billing and restrictions on new contract awards [128]. - Approximately 6% of the company's workforce is located in Israel, which poses potential risks due to ongoing regional conflicts, although there has been no material impact on operations to date [126]. - The company’s revenue is highly correlated to changes in U.S. government spending levels, particularly within the DoD, which has the largest defense budget globally [127]. - Inflationary pressures have affected supply chain costs, particularly in micro-electronics and commodities, potentially impacting future profitability [207]. - The company has limited exposure to equity risk, primarily holding overnight money market accounts [204]. - The outstanding balance of variable rate borrowings under the 2022 Term Loan A was $194 million as of September 30, 2025, with a potential annual interest expense fluctuation of approximately $1 million for a 0.5% change in interest rates [205]. - The company has limited foreign currency exposure, primarily related to immaterial receivables in Canadian dollars, with a 10% fluctuation in exchange rates not expected to materially impact financial statements [206].

Core Insights - Leonardo DRS stock declined 4.9% despite beating earnings forecasts, with actual earnings of $0.29 per share and sales of $960 million compared to analyst expectations of $0.28 per share and sales under $925 million [1][3][4] Financial Performance - The defense sector is experiencing significant growth, with Leonardo's sales increasing by 18% year over year in Q3, and the company booking $1.3 billion in new orders, resulting in a 1.4 book-to-bill ratio [3] - Leonardo's GAAP earnings grew 24% year over year to $0.26 per share, while the company generated $77 million in positive free cash flow during the quarter [4] - The company raised its revenue forecast for full-year 2025, predicting sales between $3.5 billion and $3.6 billion, and adjusted non-GAAP earnings guidance to between $1.07 and $1.12 per share [5] Valuation Considerations - Despite strong earnings growth, the stock is priced at a P/E ratio of 34, which may be considered expensive given the current valuation [6] - The Motley Fool Stock Advisor analyst team has identified other stocks they believe are better investment opportunities than Leonardo DRS [7][8]

Financial Data and Key Metrics Changes - The company reported a quarterly revenue growth of 18% year-over-year, totaling $960 million [20] - Adjusted EBITDA increased by 17% to $117 million, with a quarterly adjusted EBITDA margin of 12.2%, reflecting a slight contraction of 10 basis points from the prior year [21] - Net earnings for the third quarter were $72 million, with diluted EPS rising by 26% to $0.26 [22] - Free cash flow was reported at $77 million for the quarter, significantly up from the prior year [22] Business Line Data and Key Metrics Changes - The Integrated Mission Systems (IMS) segment saw a revenue increase of 34%, driven by strong contributions from Counter-UAS and electric power and propulsion programs [21] - The Advanced Solutions and Capabilities (ASC) segment demonstrated a healthy growth of 9%, attributed to naval network computing, advanced infrared sensing, and tactical radar programs [21] Market Data and Key Metrics Changes - The company secured $1.3 billion in bookings during the quarter, resulting in a book-to-bill ratio of 1.4, with a year-to-date book-to-bill ratio of 1.2 [5] - The total backlog reached a record $8.9 billion, up 8% year-over-year and 20% year-over-year for funded backlog [6][7] Company Strategy and Development Direction - The company is focused on areas of customer priority, including Counter-UAS, missile production, and sensing and electronics modernization, with strong alignment to defense funding trends [9] - The company is actively working on strengthening its germanium supply chain through recycling initiatives and strategic agreements with partners [10] Management's Comments on Operating Environment and Future Outlook - Management noted that while the operating environment presents both opportunities and challenges, they remain focused on execution discipline and maintaining investment for organic growth [8] - The company is optimistic about the future, with expectations for revenue growth of 10%-11% for the full year [7] Other Important Information - The company announced a leadership transition, with John Baylouny set to take over as CEO from Bill Lynn on January 1 [11][12] - The company is maintaining a balanced capital allocation strategy, focusing on M&A opportunities while also instituting a dividend [97] Q&A Session Summary Question: Update on IRAD spending trends - Management expects internal research and development investment to remain at current levels to maintain growth [29] Question: Foreign military sales activity - Management anticipates a ramp-up in foreign military sales opportunities, particularly in Counter-UAS and sensors [31] Question: Germanium pricing and supply - Management indicated progress in solidifying germanium supply and diversifying the supply base away from reliance on China [35] Question: Impact of the U.S. government shutdown - Management noted that while the shutdown has had a moderate impact, prolonged delays could affect awards and payments [42] Question: Counter-UAS program exposure - Approximately 20% of revenues are tied to Counter-UAS programs, with strong demand expected to continue [50] Question: Supply chain and inventory management - The company has a plan to bridge supply constraints through recycling and partnerships, ensuring robust supply into 2026 [94][95] Question: Capital allocation strategy - The company aims for a balanced capital allocation strategy, focusing on M&A opportunities while maintaining dividends and buybacks [97]