U.S. Army Taps Leonardo DRS to Provide Additional M-LIDS Counter-UAS Platforms

ARLINGTON, Va.–()–Leonardo DRS, Inc. (Nasdaq: DRS) announced today it was awarded a contract to provide additional counter unmanned aircraft system (C-UAS) platforms in support of U.S. Army’s Integrated Fires/Rapid Capabilities Office’s on-going Mobile-Low, Slow, Small Unmanned Aircraft System Integrated Defeat System (M-LIDS) program.

On October 7, 2022, DRS received approximately $40 million and on November 11, 2022, the company was awarded approximately $20 million through a modification contract.

Under the existing indefinite delivery/indefinite quantity contract, this new task order requires DRS to deliver additional kinetic defeat vehicles and spares. M-LIDS allows soldiers to detect, identify, track, and defeat small UAS with electronic warfare and kinetic defeat systems. The M-LIDS system includes a mix of kinetic defeat effectors including the XM914 (30mm) cannon hosted by the Moog Inc’s Reconfigurable Integrated-weapons Platform (RIwP ®) turret.

“Leonardo DRS is proud to be a member of the M-LIDS team, and we appreciate the opportunity to deliver additional vehicles. Drones have become a dangerous threat to our warfighters,” said Aaron Hankins, Senior Vice President and General Manager, DRS Land Systems. “Delivering M-LIDS vehicles remains one of our highest priorities, and we are excited about this new task order.”

In March 2022, M-LIDS Increment 2 was identified as a U.S. Army ACAT III program of record, and the U.S. Army leadership directed accelerated deliveries of multiple C-UAS capabilities, including M-LIDS. The two-vehicle capability provides a balance of kinetic and non-kinetic defeat capabilities which have already completed extensive government testing. Several sets of M-LIDS Increment 2 are currently deployed overseas protecting U.S. and allied forces.

The DRS Land Systems business unit serves as the lead systems integrator for this mobile C-UAS capability.

The DRS Land Systems business is part of the company’s Integrated Mission Systems segment which provides force protection products and services including counter-unmanned aerial systems, short-range air defense systems, and active protection systems, across multiple platforms for the men and women of the U.S. armed forces.

About Leonardo DRS

Headquartered in Arlington, VA, Leonardo DRS, Inc. is an innovative and agile provider of advanced defense technology to U.S. national security customers and allies around the world. We specialize in the design, development and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion, and other leading mission-critical technologies. Our innovative people are leading the way in developing disruptive technologies for autonomous, dynamic, interconnected, and multi-domain capabilities to defend against new and emerging threats. For more information and to learn more about our full range of capabilities, visit www.LeonardoDRS.com.

Forward-Looking Statements

This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.

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Johnathon Mote