DRS
Market read
DRS accounts for 23.9% of the group's measured movement across 6.6 effective names. raw member direction is mixed; 0 of 12 SPY-adjusted paths align to the mixed. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.
DRS was the first measured mover. DRS crossed its material path threshold at 10:35 ET. LHX, HII, NOC followed.
5 of 12 members in Aerospace & Defense are active. 0 of 6 disclosed connections are confirming.
Invalidation: The live read weakens if participation falls to 4 of 12 members or fewer.
Research brief
DRS accounts for 23.9% of the group's measured movement across 6.6 effective names. raw member direction is mixed; 0 of 12 SPY-adjusted paths align to the mixed. Capital-flow agreement is 13%, so confirmation is not yet clean. No verified headline preceded the measured group move.
Company research
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
No qualifying adverse evidence was identified; that is not proof there is no downside.
Reported annual revenue and per-share history. This is accounting history, not a forecast.
What management says matters
“The change is attributed to increased interest income as a result of higher cash balances 26 and reduced interest expense with the repayment and termination of the 2022 Term Loan A in January 2026.”10-Q · Jul 30, 2026 ↗
“Investing Activities Net cash used in investing activities decreased by $2 million for the six months ended June 30, 2026 when compared to the six months ended June 30, 2025, primarily due to slightly lower capital expenditures.”10-Q · Jul 30, 2026 ↗
“For the year ended December 31, 2025 the Company reduced both income taxes payable and deferred tax assets by approximately $ 66 million as a result of the election to deduct a portion of previously capitalized research and development costs.”10-K · Feb 27, 2026 ↗
“The revenue increase is attributed to our advanced sensing and tactical radars used in space based, force protection and counter drone applications, reflecting execution of our backlog programs coupled with increased customer demand driven by the elevated glo…”10-Q · Jul 30, 2026 ↗
Valuation discipline
Price/sales 2.7× · EV/sales 2.6×. Comparisons use only industry-matched filing peers.
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
Jodie has not returned a relevant primary source or news item for DRS. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Latest filing assessment · baseline
10-Q filed 2026-05-05 against the comparable filing from 2025-05-01.
“Gross Profit Gross profit increased by $31 million, or 17.1%, to $212 million for the three months ended March 31, 2026 as compared to the same period in the prior year, resulting from the revenue and cost of revenues trends noted above.”
“The increase was driven by increased revenue contribution, favorable program mix and better program execution.”
“The cost of revenues increase was due to the increased revenue contribution realized during the period.”
Retrospective baseline calibration. It was generated after the filing date and is not part of Jodie's live track record.
Business ecosystem
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
“Organized into five business Sectors, Leonardo S.p.A.”
Depended on by
“Our top customers include Airbus, BAE Systems, Boeing, General Atomics, General Dynamics, L3Harris Technologies, Leonardo, Lockheed Martin Corporation, Northrop Grumman Corporation, RTX Corporation and the U.S.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 11 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
DRS is currently a Participant in the organic co-movement group Aerospace & Defense. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 2 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
No durable theme membership has been observed for this name yet.