DRS — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-05

• to support integration onto a wide range of tactical platforms, including mobile and power-constrained systems.

• Within ASC, we are increasingly combining sensing, computing, and software to support applications such as counter-unmanned aircraft systems (“C-UAS”), electronic warfare, and networked sensing, where performance depends on the ability to detect, process, and act on data in real time. These integrat…

• every lesson experienced in our Company and insist that these lessons affect all elements of our businesses. This approach permeates through the Company with a focus on continuous improvement at every level.

• Part of this learning has resulted in institutionalizing our continuous improvement process through our Business Excellence initiative called the Always Performing for Excellence (“APEX”) program. The APEX program’s goal is to strive for continuous improvement through unification of all of our busin…

• We continue to align our investment strategy with the evolving priorities of the DoW, with a particular focus on increasing internal research and development to accelerate innovation in advanced sensing, networked systems, force protection and naval power & propulsion. In parallel, we are selectivel…

Text removed vs the prior filing · source: 10-Q · 2025-10-29

• We continue to monitor and evaluate the potential impact of current trade conflicts and in particular, tariffs. Although the actual impact of these tariffs on our business, financial condition and results of operations are subject to a number of factors that are not yet known or are subject to chang…

• with artificial intelligence (“AI”), enabled by our advanced edge processing solutions. We also seek to leverage the knowledge and expertise built through our decades of experience to optimize size, weight, power and cost for our customers’ specific mission requirements.

• Part of this learning has resulted in institutionalizing our continuous improvement process through our Business Excellence initiative called the Always Performing for Excellence (“APEX”) program. The APEX program’s goal is to strive for continuous improvement through unification of all of our busin…

• tools and metrics, ongoing employee training and innovation. We believe that excellence is not a destination, but by constantly challenging ourselves to be better, we will improve, and ultimately approach excellence. We challenge ourselves to exceed our customers’ expectations and we partner with th…

• In February 2022, Russia invaded and began occupying parts of Ukraine. Since that time, western powers, including the U.S., have pledged support with humanitarian and military aid. Some of that military aid pledged by the U.S. will result in increased efforts to replace equipment and consumables. We…

Text added vs the prior filing · source: 10-Q · 2026-05-05

• We are exposed to interest rate risk on variable rate borrowings under our 2026 Revolving Credit Facility, which had no amounts outstanding, as of March 31, 2026. See Note 10: Debt to the Consolidated Financial Statements for additional information.

Text removed vs the prior filing · source: 10-Q · 2025-10-29

• We are exposed to interest rate risk on variable rate borrowings under our 2022 Term Loan A, which had an outstanding balance of $194 million, and our 2022 Revolving Credit Facility, which had no amounts outstanding, as of September 30, 2025. A 0.5% increase or decrease in our weighted average inter…

Text added vs the prior filing · source: 10-Q · 2026-05-05

• Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our disclosure

• controls and procedures as of the end of the quarterly period ended March 31, 2026, as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended. Based on this evaluation, our principal executive officer and principal financial officer have concluded…

Text removed vs the prior filing · source: 10-Q · 2025-10-29

• Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of the effectiveness of our disclosure controls and procedures as of the end of the quarterly period ended September 30, 2025, as …

Text added vs the prior filing · source: 10-Q · 2026-05-05

• The following table includes the material terms (other than with respect to the price) of each Rule 10b5-1 Plan adopted or terminated by our executive officers and directors during the quarter ended March 31, 2026(1):

• Aggregate number of shares of common stock to be purchased or sold(4)(5)

• Jason Rinsky, Executive Vice President, Chief Tax and Treasury Officer

• Michael Dippold, Executive Vice President, Chief Financial Officer

• Mark Dorfman, Executive Vice President, General Counsel & Secretary

Text removed vs the prior filing · source: 10-Q · 2025-10-29

• During the three months ended September 30, 2025, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted, modified or terminated a "Rule 10b5-1 trading arrangement" or a "non-Rule 10b5-1 trading arrangement" as such terms are defined under Item 408 of Regulation …