BTIG Keeps Buy on Leonardo DRS After Win to Supply Infrared Payloads for SDA Tranche 3
Leonardo DRS has landed a subcontract to supply infrared mission payloads for the Space Development Agency's Proliferated Warfighter Space Architecture Tracking Layer Tranche 3 program. BTIG analyst Andre Madrid has reaffirmed a Buy rating with a $50.00 price target. The award ties into a larger roughly $3.5 billion prime award package for 72 satel…