Leonardo DRS, Inc. (NASDAQ:DRS) reported fourth-quarter results that topped expectations on Tuesday, and the stock was trading higher following the announcement.

Fourth-quarter revenue rose 8% to $1.06 billion from $981 million a year earlier, while full-year revenue increased 13% to $3.65 billion from $3.23 billion.

Fourth-quarter net earnings were $102 million, or 38 cents per share, compared with $89 million, or 33 cents per share, a year earlier. For 2025, net earnings totaled $278 million, or $1.03 per share, versus $213 million, or 80 cents per share, in 2024.

On an adjusted basis, fourth-quarter net earnings were $114 million, or 42 cents per share, up from 38 cents per share and ahead of a 37-cent estimate. Quarterly sales of $1.060 billion also beat a $1.003 billion estimate.

“Our 2025 results exemplify another year of exceptional customer demand and double-digit revenue growth. We are investing, innovating, and delivering mission-critical capabilities at speed for our customers,” said John Baylouny, President and CEO of Leonardo DRS.

“As we look forward, we will leverage our platform-agnostic approach, differentiated technology portfolio, ...