Leonardo Steps Back From DRS Selloff, Shelves Share Sale

Leonardo DRS logo.
Credit: Leonardo
Leonardo, Italy’s large aerospace and defense company, said March 24 that it has postponed the initial public offering (IPO) of stock in its U.S. defense electronics subsidiary known as DRS. “Notwithstanding investor interest within the price range during the course of the roadshow, adverse market...
Michael Bruno

Based in Washington, Michael Bruno is Aviation Week Network’s Executive Editor for Business. He oversees coverage of aviation, aerospace and defense businesses, supply chains and related issues.

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