Is Leonardo DRS, Inc. (DRS) One of the Best Industrial Stocks to Buy According to Wall Street Analysts?

Leonardo DRS Inc. (NASDAQ:DRS) is one of the best industrial stocks to buy according to Wall Street analysts. On December 5, Canaccord Genuity analyst Austin Moeller reiterated a Buy rating on the stock with a $50 price target. The positive stance also coincided with Truist Financial analyst Michael Ciarmoli reiterating that Leonardo DRS is a Buy.

The wave of bullish ratings comes after the company signed a contract with Chaiseri Defense Systems to provide an advanced Battle Management System. Leonardo DRS and Chaiseri have strengthened their partnership with a new contract to bring advanced battle management system capabilities to the Royal Thai Army, supporting Thailand’s ongoing push to modernize its forces.

Under this agreement, Leonardo DRS will supply its established BMS technology along with project management, engineering, and support services. Chaiseri will take responsibility for installation, training, commissioning, and long-term upkeep within Thailand. The system uses the latest tactical computing tools to improve real time situational awareness across vehicles, command posts, and brigade operations. Leaders from both companies noted that this collaboration will help reinforce Thailand’s defense ecosystem and broaden local industry involvement.

This contract builds on the cooperation the two companies formed in 2024 and reflects Leonardo DRS’s wider focus on advancing C4 and C5 technologies for the United States and its partners. The company is putting significant resources into new tactical computing, AI driven processing, and modular open systems that improve sensor fusion and situational awareness while easing the workload on commanders and crews. Working together, the two firms aim to provide long lasting, high quality capabilities and support the continued growth of Thailand’s defense industry.

Leonardo DRS, Inc. (NASDAQ:DRS) is a major U.S. defense technology company that designs, develops, and supplies advanced electronics, sensors, power systems, and network solutions for military forces (like the U.S., Dodd, and allies) and intelligence agencies, focusing on naval systems, ground combat, avionics, and cyber/security.

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Disclosure: None. This article is originally published at Insider Monkey.