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Leonardo DRS develops and manufactures advanced defense products and technologies, serving as a critical partner in national security. The company delivers a diverse portfolio of integrated systems, including sensing, network computing, and force protection solutions. These technologies span various military domains, enhancing capabilities such as active protection systems, air defense, and aircraft sensing for modern warfighters.
The company, originally known as Diagnostic/Retrieval Systems, Inc. (DRS), was founded in 1968 by engineers Leonard Newman and David Gross. Their initial focus stemmed from their work at Loral Corporation, where they specialized in signal processing techniques crucial for anti-submarine warfare. This foundational expertise in complex signal analysis and defense applications provided the bedrock for the company’s evolution into a major defense contractor.
Leonardo DRS primarily serves defense organizations, equipping them with the tools necessary for mission success. The company’s overarching vision centers on ensuring mission readiness for its customers through continuous innovation and sustainable technological development. It remains dedicated to designing, developing, and delivering leading-edge products and systems that address the evolving requirements of defense and security.
Key people at Leonardo DRS.
Leonardo DRS was founded in 1969 by David Gross (Co-Founder).
Leonardo DRS was founded in 1969 by David Gross (Co-Founder).
Key people at Leonardo DRS.
Leonardo DRS has 1 tracked investment across 1 company. The latest tracked deal is $20.0M Series B in Hoverfly Technologies in October 2025.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 8, 2025 | Hoverfly Technologies | $20.0M Series B | Kwangsik Park, Aaron Hankins | — |