Leonardo DRS secures $96 million MK 41 VLS contracts as stock rises 1.1%

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10.09.2026

Leonardo DRS secures $96 million MK 41 VLS contracts as stock rises 1.1% — Leonardo DRS stock rises 1.1% today

Leonardo DRS, Inc. has been awarded contracts worth $96 million to supply key electronics hardware for the MK 41 Vertical Launching System. Shares are up 1.1% on the day at $36.41.

Highlights

Leonardo DRS secured $96 million in contracts to deliver electronics hardware for the MK 41 Vertical Launching System.
Shares of Leonardo DRS are up 1.1% on the day at $36.41, with a market value near $9.62 billion.
32 of 40 analysts rate the stock a buy, and the median price target of $55 is 51% above the current price.

Leonardo DRS, Inc. announced it has secured contracts totaling $96 million. The company will provide crucial electronics hardware for the MK 41 Vertical Launching System. The MK 41 VLS is the U.S. Navy’s primary shipborne missile launching system and is also deployed by 14 other navies.

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Bearish structure holds as price retraces from early gap up

Leonardo DRS stock opened the session with a gap up from $36.01 to $36.86, before retracing part of that advance. Price continues to trade below its MA-20, MA-50, and MA-200, which keeps the daily structure bearish. The RSI is at 24.3, signaling oversold conditions and limiting the room for further downside. The nearest support is the weekly low at $36.01.

Odds favor more downside as buyers fall short of confirmation

Traders should watch for a close above $37.38 to confirm buyers are willing to sustain higher levels or a drop below $36.01 to indicate weakness is being renewed. After gapping up from $36.01 to $36.86 at the open, shares have surrendered part of the initial gain. Even so, over the next five trading days, the probability of more upside is less than 20%, while the probability of additional downside is more than 80%, with shares expected to trade within a $35.79 to $37.02 range. On the weekly chart the longer-term picture stays negative.

Earlier, analysts noted that Leonardo DRS was exhibiting persistent bearish technical momentum despite positive contract announcements. The latest $96 million in defense awards does not shift the prevailing negative trend, with traders advised to monitor $36.01 as critical support for any signs of stabilization.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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