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Leonardo DRS Awarded $178M Army Combat Vehicle Support Contract

Leonardo DRS (Nasdaq: DRS) has secured a potential five-year, $177.9 million contract from the U.S. Army to provide support services for several combat vehicles.

The cost-plus-fixed-fee contract covers support for Abrams M1 tank family of vehicles, Bradley Fighting Vehicles, M88 Recovery FoVs, Assault Breacher Vehicles and Joint Assault Bridges, the Department of Defense said Friday.

Army Contracting Command received one offer through an online solicitation and will obligate funds and determine work locations upon award of each task order.

Work is expected to conclude on March 20, 2029.

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