Leonardo DRS, Inc. DRS Contract Assets
Contract Assets at other companies
Other financials
Where this comes from
Reported directly by Leonardo DRS, Inc. in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetCurrent.
The official record: Leonardo DRS, Inc.’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Leonardo DRS, Inc.'s contract assets?
- Leonardo DRS, Inc. (DRS) reported contract assets of $975M in Q1 2026.
- How has Leonardo DRS, Inc.'s contract assets changed year-over-year?
- Leonardo DRS, Inc.'s contract assets decreased by 0.7% year-over-year, from $982M to $975M.
- What is the long-term trend for Leonardo DRS, Inc.'s contract assets?
- Over 5 years (2020 to 2025), Leonardo DRS, Inc.'s contract assets has grown at a 6.7% compound annual growth rate (CAGR), from $672M to $931M.
- What does contract assets mean?
- Revenue recognized for work performed that has not yet been formally billed to the customer.
- How do you interpret contract assets?
- An increase suggests significant progress on long-term contracts, while a decrease may indicate successful billing and cash collection.
- How does contract assets compare across companies?
- Common in aerospace and defense, where long-term contracts involve complex milestones and revenue recognition patterns.