EarningsThe company's 3Q earnings beat and 2024 outlook increase led to an ~11.4% rise in stock, while the broader market was down.
Growth And 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.
Mergers And AcquisitionsMergers and acquisitions remain the top priority for capital deployment, with an increase in potential deal volume and actionability.