Item 2.02. Results of Operation and Financial Condition.
On March 9, 2023, Leonardo DRS, Inc.'s (the "Company") majority stockholder,
Leonardo S.p.A., an Italian società per azioni, listed on the Milan Stock
Exchange, ("Leonardo S.p.A"), of which the Company is a consolidated subsidiary,
issued a press release announcing consolidated financial results for the year
ended December 31, 2022 (the "Press Release"), which is attached hereto as
Exhibit 99.1, as well as its Integrated Annual Report for the year ended
December 31, 2023 (the "Annual Report") which is attached hereto as Exhibit
99.2.
The financial information contained in these materials includes, on a
consolidated basis, information regarding the Company's results of operations
and financial condition in accordance with International Financial Reporting
Standards ("IFRS"), including but not limited to the financial information
regarding the Company's performance in 2022 in the table on page 17 of the Press
Release, which differs in some respects from the accounting principles generally
accepted in the United States of America ("U.S. GAAP").
As previously announced, the Company plans to issue its quarterly earnings press
release on March 28, 2023, which will contain financial information of the
Company for the fourth quarter and the full year 2022 in accordance with U.S.
GAAP.
The Press Release and the Annual Report are attached hereto as Exhibit 99.1 and
Exhibit 99.2, respectively, are being furnished to the SEC under both Item 2.02
"Results of Operations and Financial Condition" and Item 7.01 "Regulation FD
Disclosure" of Form 8-K. The information furnished pursuant to this Form 8-K
(including the exhibits hereto) shall not be considered "filed" under the
Securities Exchange Act of 1934, as amended (the "Exchange Act"), nor shall it
be incorporated by reference into any of the Company's filings under the
Securities Act of 1933, as amended, or under the Exchange Act, unless the
Company expressly states in such filing that such information is to be
considered "filed" or incorporated by reference therein.
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Item 7.01 Regulation FD Disclosure.
To the extent applicable, the information in Item 2.02 of this Form 8-K is
incorporated by reference into this Item 7.01.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Exhibit Description
99.1 Leonardo S.p.A.'s FY 2022 Press Release
99.2 Leonardo S.p.A.'s FY 2022 Integrated Annual Report
104 Cover Page Interactive Data File (formatted as Inline XBRL and contained in
Exhibit 101)
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