Leonardo DRS, Inc. (NASDAQ: DRS) announced today that it has received a prototype project award by the U.S. Army to modernize the Paladin Electric Servo Amplifier (PESA) electric weapon control system for the M109A7 Paladin self-propelled howitzer. The OTA award is worth $16.9 million.

The PESA is a critical technology to the operation of the M109A7. Under the project award Leonardo DRS will develop a next-generation prototype with current electrical technology to improve the producibility and maintainability of the line replaceable units and enable the continued operation of the vehicle with no degradation to current capabilities.

“Paladin is a mission critical combat system, and our agility and leading-edge capabilities ensure our U.S. Army partner has the necessary capabilities to support our warfighters for the long term,” said Denny Crumley, senior vice president and general manager of the Leonardo DRS Land Electronics business unit. “We are thrilled to be providing this next generation of technology to the Army’s M109A7 Paladin combat vehicle.

Leonardo DRS is a leading designer, developer, and integrator of sophisticated electrical, electromechanical and electronic systems, subsystems, and assemblies across the U.S. military. The work on PESA is another example of providing best-of-breed technology and capability to deliver on a wide range of customer needs from electrical power, network computing, and advanced sensing.

About Leonardo DRS

Headquartered in Arlington, VA, Leonardo DRS, Inc. is an innovative and agile provider of advanced defense technology to U.S. national security customers and allies around the world. We specialize in the design, development and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion, and other leading mission-critical technologies. Our innovative people are leading the way in developing disruptive technologies for autonomous, dynamic, interconnected, and multi-domain capabilities to defend against new and emerging threats. For more information and to learn more about our full range of capabilities, visit www.LeonardoDRS.com.

Forward-Looking Statements

This communication contains statements that constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.

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