ATSP5 award enables Leonardo DRS to provide advanced engineering to accelerate next-generation electronic systems for the U.S. military.

Leonardo DRS, Inc. (NASDAQ:DRS) announced today that it has been awarded an engineering solutions contract for the Advanced Technology Support Program V (ATSP5) to support the U.S. military in rapidly fielding emerging technologies. The indefinite-delivery, indefinite-quantity, multiple award contract has a total potential value of more than $25 billion over ten years.

Leonardo DRS is one of thirteen companies awarded this contract, which positions the Company to offer its cutting-edge technologies and advanced engineering expertise to the development of next-generation electronic systems.