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Leonardo DRS Secures 10-Year NASA SEWP VI Defense Contract

BullishMedium impact
DRS$34.94 −0.63%

Defense technology supplier Leonardo DRS, Inc. (NASDAQ:DRS) has earned a spot on NASA's Solutions for Enterprise-Wide Procurement (SEWP) VI program under a 10-year prime contract. The government-wide acquisition vehicle lets federal agencies buy approved technology products and services directly from the firm.

The award extends the company's position as a SEWP prime contractor, a role it has held since 2015. Under the previous SEWP V contract, federal customers have purchased more than $110 million worth of products and services from the defense vendor. The new arrangement allows agencies to issue various task orders for IT, computing, software, navigation, communications, and power technologies through 2036.

Ordering under the new 10-year agreement is scheduled to begin on Nov. 1, 2026, while the existing SEWP V contract will remain active through April 30, 2027. Investors will be monitoring how rapidly existing contract items transition to the new vehicle and the volume of task orders placed by military and civilian agencies. Shares of Leonardo DRS closed down 0.63% at $34.94 on the day of the announcement.

Key points

  • Leonardo DRS, Inc. (NASDAQ:DRS) won a 10-year prime contract under NASA's SEWP VI program running from Nov. 1, 2026, to Oct. 31, 2036.
  • The company has served as a SEWP prime contractor since 2015, generating over $110 million in federal sales under SEWP V.
  • The indefinite-delivery/indefinite-quantity contract covers IT, navigation, software, communications, power technologies, and stand-alone services.
  • The previous SEWP V vehicle will remain active alongside the new contract through April 30, 2027.

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Questions and answers

What contract did Leonardo DRS win?

Leonardo DRS was awarded a 10-year prime contract under NASA's Solutions for Enterprise-Wide Procurement (SEWP) VI Program.

How much business has Leonardo DRS done through SEWP contracts?

Federal agencies have procured over $110 million in products and services from Leonardo DRS through the SEWP V contract since 2015.

When does the SEWP VI ordering period begin and end?

The 10-year ordering period for SEWP VI runs from Nov. 1, 2026, through Oct. 31, 2036.