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StocksMedium•23 March 2026•

1 min read

Leonardo DRS Selected for $25 Billion U.S. Military Technology Contract

Key Facts

1Leonardo DRS was selected as one of 13 companies for the Advanced Technology Support Program V (ATSP5) contract.

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1 additional source confirmed this story

Leonardo DRS has been selected as one of 13 companies to participate in the U.S. Department of Defense's Advanced Technology Support Program V (ATSP5). The multi-award contract carries a total potential value of over $25 billion over a ten-year period. As an indefinite-delivery, indefinite-quantity (IDIQ) award, the company will compete for task orders to provide advanced engineering solutions. The primary goal of the ATSP5 program is to facilitate the rapid fielding of emerging technologies to maintain the military's competitive edge. This selection represents a significant long-term growth opportunity for Leonardo DRS within the defense technology sector. The company will leverage its expertise to help the military integrate and deploy critical innovations more efficiently.