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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Leonardo DRS Inc | NASDAQ:DRS | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.16 | 0.68% | 23.55 | 22.68 | 24.95 | 23.70 | 23.32 | 23.47 | 431,730 | 01:00:00 |
From Dec 2023 to Jun 2024
By Mary de Wet
Leonardo DRS said Wednesday that it has been awarded contracts worth more than $3 billion for integrated electric propulsion system products for the U.S. Navy's Columbia-class submarines.
The Arlington, Va.-based company was chosen to design and make the permanent magnet main propulsion electric motor, the propulsion motor drives, switchgear, and the propulsion controls for the submarines.
The components will be made at the company's facilities in Fitchburg, Mass.; Menomonee Falls, Wis.; Danbury, Conn.; and High Ridge, Mo.
Last year, the Navy awarded more than $1 billion in contracts to Leonardo DRS to provide integrated electric propulsion components for the Columbia submarines.
Write to Mary de Wet at mary.dewet@dowjones.com
(END) Dow Jones Newswires
January 10, 2024 16:35 ET (21:35 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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