Home Stocks Leonardo’s shares jump on defense orders, cost cuts (DRS:NASDAQ)

Leonardo’s shares jump on defense orders, cost cuts (DRS:NASDAQ)

by Deidre Salcido
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Leon Neal

Leonardo DRS (NASDAQ:DRS) on Thursday rose as much as 9.7% after the Italian aerospace and defense company beat estimates with higher orders and a plan to reduce costs.

Revenue jumped 11% from a year earlier to 17.76 billion euros ($18.51 billion) in 2024, exceeding

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