Leonardo drs awarded contracts valued at over $3 billion for u.s. navy's columbia-class submarine program

Arlington, va.--(business wire)--leonardo drs, inc. (nasdaq: drs) has been awarded contracts valued at over $3 billion, when fully funded, to provide integrated electric propulsion system products for the u.s. navy's columbia-class submarines. this contract solidifies drs's position through shipset 12 for the columbia-class program. this award was previously announced on the drs 2023 q3 earnings call. leonardo drs was chosen by general dynamics electric boat and the u.s. navy to design and manu.
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