Leonardo DRS (DRS) Sings a MOI With KSA’s Ministry of Defense

​Leonardo DRS, Inc. (NASDAQ:DRS) is 1 of the Best Aerospace Stocks to Buy According to Analysts. On December 8, Leonardo DRS, Inc. (NASDAQ:DRS) announced signing a Memorandum of Intent with the Kingdom of Saudi Arabia’s Ministry of Defense to research opportunities for MOD crushed combat vehicles and dismounted forces.

​The MOI follows the announcement of the United States of America’s Strategic Defense Agreement with Saudi Arabia. As portion of this agreement, Leonardo DRS, Inc. (NASDAQ:DRS) volition collaborate with the state successful supporting its Vision 2030 defence modernization roadmap. The MOI includes establishing high-performance conflict absorption systems to supply integer command-and-control tools, collaborating connected providing precocious C6ISR solutions for units astatine the brigade level and below, and providing rugged conveyance computing hardware, Multi-Function Rugged Displays, among others.

​In summation to this, Wall Street besides remains bullish connected the stock. Recently, connected December 5, Austin Moeller from Canaccord Genuity reiterated a Buy standing connected the banal with a $50 terms target. Earlier connected December 4, Michael Ciramoli from Truist Financial besides reiterated a Buy standing connected the banal without disclosing immoderate terms targets.

​Leonardo DRS, Inc. (NASDAQ:DRS) designs, develops, and manufactures precocious defence technologies, including sensing, web computing, unit protection, electrical power, propulsion, and mission-critical systems for US nationalist information and allies.

While we admit the imaginable of DRS arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.