Leonardo DRS Inc. (NASDAQ:DRS) is considered one of the best industrial stocks to buy by Wall Street analysts. Canaccord Genuity and Truist Financial reiterated Buy ratings on the stock with a $50 price target, following a new contract with Chaiseri Defense Systems to provide an advanced Battle Management System for the Royal Thai Army.

Under the agreement with Chaiseri Defense Systems, Leonardo DRS will supply its BMS technology and services, while Chaiseri will handle installation, training, and upkeep in Thailand. The system will enhance real-time situational awareness across vehicles, command posts, and brigade operations, strengthening Thailand’s defense ecosystem and local industry involvement.

The contract with Chaiseri Defense Systems builds on Leonardo DRS’s commitment to advancing C4 and C5 technologies for the U.S. and its partners. The collaboration aims to provide high-quality capabilities that improve sensor fusion and situational awareness, supporting the growth of Thailand’s defense industry.

Leonardo DRS, Inc. (NASDAQ:DRS) is a key U.S. defense technology company specializing in advanced electronics, sensors, power systems, and network solutions for military forces and intelligence agencies, focusing on naval systems, ground combat, avionics, and cyber/security. While DRS shows investment potential, certain AI stocks may offer greater upside potential and less downside risk.

Read more at Yahoo Finance: Is Leonardo DRS, Inc. (DRS) One of the Best Industrial Stocks to Buy According to Wall Street Analysts?