Leonardo drs announces launch of proposed secondary offering of common stock by a leonardo s.p.a. subsidiary

Arlington, va.--(business wire)--leonardo drs inc. (nasdaq: drs) leonardo drs, inc. (“drs”) announced today the commencement of a public secondary offering of 16,500,000 shares of its common stock by leonardo us holding, llc (the “selling stockholder”), a subsidiary of leonardo s.p.a. the selling stockholder intends to grant the underwriters a 30-day option to purchase up to an additional 2,475,000 shares of drs's common stock from the selling stockholder. upon completion of the offering, leona.
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