
Leonardo DRS [DRS], reporting for the first time as a public company, on Tuesday posted higher earnings in its fourth quarter on improved program performance. Net income increased 12 percent to $65 million, 28 cents earnings per share (EPS), from $58 million (28 cents EPS) a year ago. Sales were flat at $820 million. The bottom-line results benefited from program efficiencies at the Advanced Sensing and Computing segment and a favorable tax rate. Sales were flat at $820 million, with…