Leonardo DRS, Inc. (NASDAQ: DRS) announced on February 17, 2026 that it has been awarded multiple contracts under the Missile Defense Agency’s (MDA) Scalable Homeland Innovative Enterprise Layered Defense (SHIELD) indefinite‑delivery/indefinite‑quantity (IDIQ) program, a vehicle with a $151 billion ceiling that will run for ten years.
The SHIELD IDIQ is a multi‑award contract that allows the MDA to issue task orders for a wide range of advanced defense technologies, from sensors and command‑and‑control systems to intercept solutions. Leonardo DRS’s award does not include an immediate guaranteed funding amount; instead, it gives the company a seat at the table to compete for future task orders that will be issued over the life of the program.
This award aligns closely with Leonardo DRS’s core focus on advanced sensing, network computing, and electric power and propulsion. By securing a place in the SHIELD vehicle, the company positions itself to contribute to the layered missile defense architecture that the MDA is building to counter ballistic, hypersonic, cyber, UAV, and hybrid threats. The opportunity also expands Leonardo DRS’s footprint in the U.S. Navy and broader Department of Defense customer base.
John Baylouny, President and CEO of Leonardo DRS, said, “Leonardo DRS has a proven track record of moving quickly to develop, integrate, and successfully deliver leading‑edge technologies and real‑world mission capabilities that support some of the most critical needs of the U.S. military. We stand ready today to answer the call with our next‑generation air and missile defense capabilities and deliver proven performance at speed to help the Missile Defense Agency and the warfighter outpace rapidly evolving threats.”
The award underscores the MDA’s strategy of using IDIQ vehicles to accelerate innovation and maintain flexibility. For Leonardo DRS, participation in SHIELD signals a long‑term revenue potential and strengthens its competitive position in a high‑stakes defense market.
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