Demand And GrowthDRS secured a win on its largest recompete for the year and grew total backlog 82% Y/Y.
Financial PerformanceThe company’s 3Q earnings beat and 2024 outlook increase led to an ~11.4% rise in stock, while the broader market was down.
Operational EfficiencyDRS' new South Carolina facility, focused on supporting the Columbia-class submarine ramp, is expected to help improve profitability, overall program efficiency, and prop up near term valuation.