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Why Leonardo DRS Stock Climbed This Week

Why Leonardo DRS Stock Climbed This Week

An Italian-owned mid-tier defense contractor hit public markets in late November, and investors appear to be quickly warming to the stock as an investment opportunity. Leonardo DRS has followed a long and winding journey back to public markets. The company was founded as Diagnostic/Retrieval Systems in the 1960s by researchers working on signal-processing technology for submarines and went public in 1981 as DRS Technologies.