Leonardo drs receives $45 million u.s. navy investment commitment to bolster us submarine industrial base

Arlington, va.--(business wire)--leonardo drs, inc. (nasdaq: drs) announced today that it has received a $45 million u.s. navy submarine industrial base (sib) investment commitment through contracts with hii's newport news shipbuilding. the investment is expected to expand the capabilities of drs's new, 140,000 square-foot naval propulsion manufacturing facility currently under-construction in goose creek, sc, and includes capital equipment and other infrastructure enhancements. the $45 million.
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