Leonardo DRS Inc.
DRS
Industrials
2
exclusion reasons
2 themes
This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.
Leonardo DRS is a subsidiary of Leonardo SpA (Italy's largest weapons manufacturer). AFSC places Leonardo on its BDS Divestment Shortlist. Leonardo manufactures OTO Melara 76mm naval guns installed on Israeli Navy Sa'ar warships, which were first used operationally on October 16, 2023 during attacks on Gaza. Additionally, DRS Sustainment Systems received a $15.4 million contract in December 2023 for heavy-duty tank trailers for the Israeli military, funded through U.S. Foreign Military Sales.
Leonardo DRS Inc. is a defense technology contractor specializing in advanced military systems. Its core business is developing and manufacturing purpose-built weapons platforms, targeting systems, and command-and-control electronics for the U.S. Department of Defense and allied militaries. The company’s product portfolio includes next-generation infrared targeting systems for combat vehicles, high-performance artificial intelligence processors for military operations, and autonomous naval weapon systems.
In June 2023, a Leonardo DRS subsidiary was awarded a $94 million contract to supply next-generation infrared systems. The company has also conducted open-water demonstrations of its autonomous naval systems. Its operations are integral to major defense platforms; for instance, Leonardo DRS is listed as a principal contractor for the maintenance and repair of Bradley Infantry Fighting Vehicles supplied to Ukraine. The company’s regulatory filings explicitly reference contracts for “weapon systems,” and its entire business model is structured around selling to military customers, as reflected in its detailed Code of Ethics and Business Conduct which focuses on procurement integrity for government sales.
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