Mission Statement, Vision, & Core Values (2025) of Leonardo DRS, Inc.

An Overview of Leonardo DRS, Inc.

General Summary of Leonardo DRS, Inc.

Leonardo DRS, Inc., founded in 1969, is a prominent technology company specializing in advanced defense systems and electronic products. The company operates as a subsidiary of Leonardo S.p.A., an Italian multinational aerospace and defense company. Leonardo DRS focuses on mission-critical electronics, including intelligence, surveillance and reconnaissance (ISR), and advanced sensor systems.

As of 2024, Leonardo DRS offers a wide range of products and services, including:

• Electronics for the U.S. Army, Navy, and Air Force
• Integrated systems for defense and homeland security
• Cybersecurity and software solutions
• Logistics and maintenance services

In 2024, Leonardo DRS reported total sales of approximately $1.8 billion, driven by a surge in demand for its defense technology products amidst increasing global security concerns.

Financial Performance in Latest Reporting Period

In its latest financial report for the fiscal year ending December 31, 2023, Leonardo DRS showcased a record-breaking revenue of $1.8 billion, marking a growth of 15% compared to the previous year. The company attributed this increase primarily to enhanced sales in its electronic systems and software solutions divisions.

The breakdown of revenue by product category is as follows:

Moreover, the company demonstrated an increase in its order backlog, which stood at $2.5 billion by the end of 2023, indicating a strong pipeline of future projects.

Introduction to Company as a Leader in the Industry

Leonardo DRS is recognized as one of the leading companies in the defense technology sector. The company's commitment to innovation and its strategic partnerships with government entities and defense contractors bolster its position in the market. Its investment in research and development has led to numerous advancements in mission-critical systems, keeping it at the forefront of industry trends.

Leonardo DRS's ability to navigate the rapidly evolving defense landscape ensures its continued success and resilience. To truly understand why Leonardo DRS stands out in the industry, further exploration of its operations, values, and innovative approaches is essential.

Mission Statement of Leonardo DRS, Inc.

Mission Statement of Leonardo DRS, Inc.

Leonardo DRS, Inc. operates with a clear mission that encompasses its commitment to delivering advanced technologies and systems to its customers. This mission statement serves as a guiding framework for the company's strategic objectives and operational practices.

Core Components of the Mission Statement

1. Commitment to Innovation

At the heart of Leonardo DRS's mission is its dedication to innovation. The company invests approximately $300 million annually in research and development to create advanced defense technologies. This commitment is reflected in the launch of several critical programs in recent years, such as:

• Open Architecture Solutions to enhance interoperability across various platforms.
• Next Generation Electronic Warfare systems that have improved detection and response capabilities.
• Advanced sensors that offer enhanced surveillance and situational awareness.

2. Delivering High-Quality Products

Leonardo DRS emphasizes the importance of quality in its offerings. The company maintains a rigorous quality assurance process that aligns with industry standards, such as ISO 9001:2015 certification. Recent data shows:

• On-time delivery rates have averaged 95% over the past three years.
• Customer satisfaction ratings stand at an impressive 92%, demonstrating the effectiveness of their product quality.

3. Supporting National Security

Supporting national security is a pivotal aspect of the company's mission. Leonardo DRS supplies critical systems to the Department of Defense, contributing to various defense initiatives, including:

• Providing systems for the U.S. Army valued at over $500 million annually.
• Engaging in contracts tied to advanced battlefield management systems.
• Participating in NATO projects aimed at enhancing strategic defense capabilities.

Vision Statement of Leonardo DRS, Inc.

Mission of Leonardo DRS

The mission of Leonardo DRS is to deliver innovative solutions and products essential for the operational needs of the defense, intelligence, and civil markets. They focus on leveraging advanced technologies to ensure mission success for their clients.

Commitment to Innovation

Leonardo DRS places a high emphasis on technological advancement, investing approximately $150 million annually in research and development. This investment supports the company’s goal to enhance its capabilities in key areas such as electronic warfare, sensors, and command and control systems.

Market Position and Growth

As of December 2023, Leonardo DRS reported a market capitalization of approximately $2.5 billion. The company's revenue for the fiscal year 2022 was approximately $2.1 billion, with a projected growth rate of 6% annually over the next five years driven by increased defense spending and innovations across various sectors.

Commitment to Sustainability

In alignment with their vision, Leonardo DRS is committed to sustainability goals, allocating $25 million towards environmentally friendly technologies and practices. Their initiatives include reducing emissions by 20% by 2025 and increasing energy efficiency in their operations.

Cultivating Partnerships

The company aims to strengthen partnerships with key stakeholders in national defense and commercial sectors. In 2022, they formed collaborations worth over $300 million in contracts with the U.S. Department of Defense and allied nations to enhance their operational capabilities.

Workforce Development

Leonardo DRS prioritizes workforce development as part of its vision, investing over $10 million annually in employee training and development programs, aiming to enhance skill sets and innovation among its workforce.

Core Values of Leonardo DRS, Inc.

Integrity

Leonardo DRS places a strong emphasis on integrity, which is fundamental to building trust with customers, partners, and employees. This core value underpins all aspects of its operations.

In 2023, Leonardo DRS implemented a comprehensive compliance training program that reached over 90% of its employees, ensuring that they are well-versed in ethical practices and regulatory requirements.

• The company's adherence to strict ethical standards is evidenced by its ISO 9001:2015 certification, reflecting its commitment to quality management.
• In 2022, the company was recognized by the Defense Contract Management Agency (DCMA) for its exemplary compliance record, achieving a 100% rating during audits.

Innovation

Innovation is at the heart of Leonardo DRS's strategic vision, driving its development of advanced technologies and solutions.

The company allocated approximately $80 million in Research and Development (R&D) expenses in 2023, focusing on next-generation defense systems.

• In 2024, Leonardo DRS launched a new line of unmanned systems, receiving orders worth $150 million from various defense agencies.
• The company holds over 450 patents, underscoring its commitment to pioneering technological advancements.

Collaboration

Collaboration enhances Leonardo DRS's ability to deliver integrated solutions tailored to customer needs.

In 2023, the company entered into strategic partnerships with five major defense contractors, collectively worth an estimated $500 million in project value.

• Collaborative initiatives led to the development of joint ventures that resulted in a 25% increase in operational efficiency across projects.
• The company hosted over 15 collaborative workshops in 2023, engaging more than 200 industry experts to foster innovation and share best practices.

Excellence

Excellence is a core value that drives Leonardo DRS to pursue the highest standards in all outputs and services.

In 2023, the company achieved a customer satisfaction score of 95%, based on feedback from key clients in the defense sector.

• Leonardo DRS was awarded the 2023 Quality Award by the National Defense Industrial Association for outstanding performance in project execution.
• The company maintains a 99% on-time delivery rate, demonstrating its commitment to excellence in service and product delivery.

Accountability

Accountability fosters a culture of responsibility at Leonardo DRS, ensuring that all team members uphold their commitments.

In 2023, the company established a new accountability framework that includes quarterly performance reviews for all employees, resulting in a 30% improvement in team performance metrics.

• The internal audit function reported that less than 2% of projects exceeded budgetary limits, showcasing effective cost management.
• Leonardo DRS's corporate governance framework was rated as ‘Outstanding’ by an external audit firm in its 2022 assessment.

Commitment to Community

Leonardo DRS values its role in the community, engaging in various social responsibility initiatives.

In 2023, the company donated over $5 million to community development programs and veterans’ organizations.

• Employee volunteerism reached over 10,000 hours in 2023, focusing on education and STEM initiatives for youth.
• Leonardo DRS supports diversity and inclusion initiatives, reporting a workforce that is 40% minority and 30% female in leadership roles.