Defense tech · DRS
Leonardo DRS (DRS) gets 80% of its revenue from the U.S. government
What Leonardo DRS reports in its FY2025 10-K, and what federal contract records show.
Summary
Leonardo DRS reported that 80% of its FY2025 revenue came from the U.S. government: about $2.92B by our calculation of $3.65B in total. That ranks 10th of the 30 companies we cover that disclose a share.
Federal agencies obligated $1.21B in prime contracts to the 5 recipient records we matched to Leonardo DRS in federal fiscal year 2025, 100% of it from the Department of Defense. That is 0.41 times the U.S. government revenue the company reports.
Share of revenue over time
We have one reviewed year of Leonardo DRS's share so far. Earlier years are being checked against each 10-K and will be added after review.
| Fiscal year | U.S. gov share | U.S. gov revenue | Total revenue | Source |
|---|---|---|---|---|
| FY2025 | 80% | $2.92B | $3.65B | 10-K |
What Leonardo DRS counts as government revenue
- Definition used
- U.S. government, prime + sub
- Foreign military sales
- Not applicable
- Subcontract work
- Included (work as a subcontractor to other contractors counts)
- Adjusted ex-FMS share
- Same as reported
“Our primary customer is the U.S. government, from which we derived 80% of our sales in 2025.”
Leonardo DRS, FY2025 Form 10-K · read the filing
The contract record
Prime contract obligations on USAspending.gov for the 5 recipient records we matched to Leonardo DRS (obligations are not revenue).
In FFY2025, 100% of these obligations came from the Department of Defense and 0% from civilian agencies.
Contract obligations by awarding agency, FFY2025
Top 7 awarding sub-agencies; the rest grouped as Other.
| Awarding agency | Obligations | Share |
|---|---|---|
| Department of the Army | $719M | 59.4% |
| Defense Logistics Agency | $325M | 26.8% |
| Department of the Air Force | $79.0M | 6.5% |
| Department of the Navy | $43.6M | 3.6% |
| Defense Information Systems Agency | $32.8M | 2.7% |
| U.S. Special Operations Command | $11.1M | 0.9% |
| National Aeronautics and Space Administration | $581K | 0% |
Obligations by federal fiscal year
| Federal fiscal year | Obligations | Note |
|---|---|---|
| FFY2026 | $303M | preliminary DoD data posts with a 90-day delay |
| FFY2025 | $1.21B | Matched to FY2025 |
| FFY2024 | $964M | |
| FFY2023 | $1.07B | |
| FFY2022 | $631M | |
| FFY2021 | $579M |
Largest contracts active in FFY2025
Ranked by total obligated value to date on each award (all years), among awards with activity in FFY2025. Links open the award on USAspending.gov.
| Award | Agency | Description | Obligated to date | Period |
|---|---|---|---|---|
| W56HZV16C0028Drs Sustainment Systems, Inc | Department of the Army | LOW RATE INITIAL PRODUCTION/FULL RATE PRODUCTION FOR THE JOINT ASSAULT BRIDGE. | $443M | 2016–2028 |
| W15P7T04CA205Drs Network & Imaging Systems Llc | Defense Contract Management Agency | No description on file | $331M | 2004–2009 |
| N0001916C0015Drs Network & Imaging Systems Llc | Department of the Navy | NRE; IGF::OT::IGF R&D CONTRACT FOR DAIRCM | $232M | 2016–2026 |
| SPRRA225F0065Drs Network & Imaging Systems Llc | Defense Logistics Agency | DELIVERY ORDER FOR 2.8 KITS AND CABLES FOR DRS. | $199M | 2025–2029 |
| N0001920C0041Drs Systems, Inc | Department of the Navy | AN/AAQ-45 DAIRCM - MASS MODELS, EDMS AND PRMS FOR SENSORS, PROCESSORS, LASERS AND FIBER KITS AS WELL AS TEST BENCHES, TEST EQUIPMENT AND… | $179M | 2020–2027 |
| W31P4Q25F0043Drs Sustainment Systems, Inc | Department of the Army | PROCUREMENT OF 15 STRYKER'S | $164M | 2025–2028 |
| SPRRA223F0083Drs Network & Imaging Systems Llc | Defense Logistics Agency | MISSILE SPARES PROCUREMENT | $162M | 2023–2027 |
| W91CRB23F0382Drs Network & Imaging Systems Llc | Department of the Army | DELIVERY ORDER TO DRS NETWORK & IMAGING SYSTEMS, LLC (DRS) FOR A QUANTITY OF 17,013 FWS-I SYSTEMS AGAINST CLIN 0005 | $134M | 2022–2025 |
| W91CRB24F0253Drs Network & Imaging Systems Llc | Department of the Army | DELIVERY ORDER TO DRS NETWORK AND IMAGING FOR A QUANTITY OF 9,754 FWS-I SYSTEMS AGAINST CLIN 0005 | $117M | 2024–2027 |
| HC108424F0067Drs Network & Imaging Systems Llc | Defense Information Systems Agency | PU W/ GPS CAPABILITY READY | $112M | 2023–2026 |
Recipients we matched to Leonardo DRS
These USAspending recipient records are rolled into the figures above. Readers can check each one; if a match looks wrong, tell us.
| Recipient name | UEI | How matched | FFY2025 obligations |
|---|---|---|---|
| DRS NETWORK & IMAGING SYSTEMS LLC | MC27B7LGBL34 | Name pattern | $703M |
| DRS SUSTAINMENT SYSTEMS, INC | FG7HKV9NTDK5 | USAspending parentLEONARDO DRS, INC. | $461M |
| DRS SYSTEMS, INC | SJM7EANJPK58 | Name pattern | $42.6M |
| DRS NETWORK & IMAGING SYSTEMS, LLC | DAECJ9X7HT46 | Name pattern | — |
| DRS ADVANCED ISR LLC | NDBGSG77NZV5 | USAspending parentLEONARDO DRS, INC. | — |
Peers
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Sources
- Leonardo DRS, FY2025 annual report (U.S. government share) (accessed October 15, 2026)
- SEC XBRL company facts for Leonardo DRS (revenue history) (accessed October 16, 2026)
- USAspending.gov recipient profile: Drs Network & Imaging Systems Llc (accessed October 16, 2026)
- USAspending.gov API, prime contract awards (award types A–D) (accessed October 16, 2026)
- Federal Exposure methodology