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Leonardo DRS (DRS) Stock Trades Up, Here Is Why
Shares of Leonardo DRS (DRS) rose by 4.7% after its parent company, Leonardo, secured a £1 billion contract from the UK’s Ministry of Defence for 23 AW149 helicopters. This surge in stock price also aligns with a broader rally in the defense sector driven by heightened geopolitical tensions in the Middle East. Despite the volatility, today’s move indicates meaningful news for the company, which has seen a 30.6% increase since the beginning of the year and is trading near its 52-week high.