Strong Quarter: Leonardo DRS (DRS) Reports Growth Through Sensors and Drive Technology. The Stock Breaks Out.

The analysts at Citigroup believe that defense spending should increase during the Trump administration. By 2026, it will be nearly $1 trillion. Citigroup estimates that the plan will include about $70 billion more by fiscal year 2029 than the budget proposed by the Biden administration. Citi believes that the proposal illustrates the Trump administration's priority for defense spending and represents a roadmap for sustainable growth for contractors. New AI processor for combat vehicles Leonardo DRS (DRS) is a pure defense technology provider...