Leonardo DRS, Inc.

Leonardo DRS, Inc. (NASDAQ: DRS) is a defense technology company that designs, manufactures, and integrates advanced systems primarily for U.S. national security organizations and allied defense forces. The company specializes in sophisticated sensing technologies, networked computing solutions, force protection systems, and electric power and propulsion platforms, along with other mission-critical capabilities. Its technologies support military and security operations across land, air, sea, space, and cyber environments. Leonardo DRS conducts its operations through two primary segments: Advanced Sensing and Computing (ASC) and Integrated Mission Systems (IMS).

As per Kalkine’s Diversified Opportunities Report published on ‘DRS’ on Feb 19, 2026, Kalkine provided an ‘Buy’ stance on the stock at USD 40.05 based on fundamental analysis and the stock price has now moved up by ~ 17.23% since then.

Noted below are the details of support and resistance levels provided in our previous report:

Rationale:

Despite strong revenue and earnings growth in 2025, recent insider share disposal, moderating international revenue contribution, and margin pressure within the Integrated Mission Systems segment may signal a period of consolidation after the stock’s recent sector-driven rally. While elevated geopolitical tensions are currently supporting defense sentiment and demand expectations, the company’s heavy dependence on U.S. defense spending, contract structure risks, and potential volatility tied to geopolitical developments suggest that locking in gains following the recent share-price strength could be a prudent portfolio adjustment.

Valuation (Using Price/Earnings Multiple)

Share Price Chart

Conclusion

Following a sector-driven surge supported by heightened geopolitical tensions, stretched near-term sentiment and insider share disposal, a "Sell" recommendation on Leonardo DRS, Inc. (NASDAQ: DRS) has been given at the closing market price of USD 46.95 as on 04 March 2026.

Note 1: Past performance is not a reliable indicator of future performance.

Note 2: The reference date for all price data, currency, technical indicators, support, and resistance level is 04 March 2026. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned as per the Valuation and or the technical levels provided has been achieved and is subject to the factors discussed above.

Note 4: Target Price refers to a price level which the stock is expected to reach as per the relative valuation method and/or technical analysis taking into consideration both short-term and long-term scenario.

Note 5: ‘Kalkine reports are prepared based on the stock prices captured either from the London Stock Exchange (LSE) and or REFINITIV. Typically, both sources (LSE and or REFINITIV) may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 6: Dividend Yield may vary as per the stock price movement.