Leonardo DRS, Inc. (DRS) Surges 9.0%: Is This an Indication of Further Gains?

Leonardo DRS, Inc. (DRS) shares soared 9% in the last trading session to close at $34.26. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 0.5% loss over the past four weeks.The latest uptick in DRS’ share price can be attributed to the recent announcement made by the U.S. President indicating a big boost in defense spending, as part of the upcoming U.S. fiscal 2026 budget. Notably, U.S. President Donald Trump said yesterday (9th ...