Leonardo DRS Declares $0.09 Quarterly Dividend, Maintains Payout Level
Leonardo DRS, Inc., a defense technology company, announced a $0.09 per share quarterly dividend payable March 24. The company paid $0.36 per share in dividends throughout 2025.
Leonardo DRS, Inc. (NASDAQ: DRS), a defense technology company specializing in naval systems and advanced sensing technologies, declared a quarterly cash dividend of $0.09 per common share. The dividend will be paid March 24, 2026, to shareholders of record as of March 10, 2026. Read more dividend announcements.
The payout matches the company's previous quarterly dividend of $0.09 per share. Leonardo DRS distributed $0.36 per share in total dividends during full year 2025, paid in four equal quarterly installments.
| Dividend Details | Information |
|---|---|
| Amount | $0.09 per share |
| Record Date | March 10, 2026 |
| Payment Date | March 24, 2026 |
| Frequency | Quarterly |
Dividend Payments and Share Repurchases
During the fourth quarter of 2025, Leonardo DRS paid approximately $24 million in dividends to shareholders. The company also repurchased 292,564 shares of common stock for approximately $11 million during the quarter.
For the full year 2025, total dividend payments reached $96 million. The company repurchased 893,292 shares for approximately $35 million over the 12-month period.
Cash Flow and Balance Sheet
Leonardo DRS generated $425 million in net cash from operating activities during the fourth quarter and $366 million for the full year. Free cash flow reached $376 million in the fourth quarter and $227 million for the full year.
The company closed the year with $647 million in cash and $191 million in outstanding borrowings under its credit facility.
Revenue and Earnings Performance
Full year 2025 revenue grew 13% over the prior year, driven by demand for tactical radars, electric power and propulsion systems, and advanced infrared sensing technologies. The company achieved a book-to-bill ratio of 1.2x for the full year, marking the fourth consecutive year at 1.2x or better.
Leonardo DRS received $1.1 billion in new funded contract awards during the fourth quarter and $4.2 billion for the full year. Total backlog stood at $8.7 billion at year end, up from $8.5 billion in the prior year period.