Leonardo DRS announced a new defense contract with Chaiseri Defense Systems to supply its advanced Battle Management System (BMS) and integration support for the Royal Thai Army’s Stryker fleet. The deal, valued at more than USD 7 million, will see DRS deliver the BMS software, project management, engineering, and support services, while Chaiseri will handle local installation, commissioning, operator training, and through‑life sustainment.
The BMS provides real‑time situational awareness and network computing capabilities that integrate with the Stryker’s existing command and control architecture. Chaiseri’s role in on‑site installation and training ensures that Thai forces can deploy the system quickly and maintain it with local expertise, reinforcing the country’s industrial participation goals.
Strategically, the contract expands Leonardo DRS’s footprint in Southeast Asia and strengthens its position in Thailand’s broader modernization program. By partnering with a local defense contractor, DRS deepens its supply‑chain relationships and positions itself for future opportunities in the region’s growing defense market.
Leonardo DRS reported Q3 2025 revenue of USD 960 million, up 18% year‑over‑year, and an adjusted EPS of $0.29. The company’s backlog reached $8.9 billion, and it has raised full‑year revenue guidance, reflecting confidence in continued demand for its network‑computing and sensing solutions. Investors have expressed concern about margin pressure, but the new contract adds to the backlog and supports the company’s revenue trajectory.
Bill Lynn, Chairman and CEO, highlighted the company’s focus on customer needs, innovation, and momentum. He noted that the BMS contract aligns with Leonardo DRS’s strategy to deliver advanced sensing and computing solutions to defense customers worldwide, reinforcing its competitive moat in the sector.
The contract’s announcement was met with investor interest in the company’s expanding regional presence and the potential for additional defense contracts in Southeast Asia, despite ongoing margin concerns that have tempered enthusiasm for the company’s earnings performance.
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