Leonardo DRS Inc. confirms successful on-orbit test of revolutionary multi-channel, software-defined radio. Technology aims to secure US military satellite data transport at the tactical edge, positioning the company as one of the best aerospace and defense stocks to buy, according to Wall Street analysts.

The eXtended Crypto Module3-Space (XCM3-Space) by Leonardo DRS Inc. is designed to address emerging cyber and electronic warfare threats to military satellite data transport, marking a significant advancement in next-generation crypto and multi-channel SDR capabilities.

Leonardo DRS Inc. enters collaboration with Saudi Arabia’s Ministry of Defense to explore opportunities for ground combat vehicles. Memorandum of intent includes cooperation on battle management systems, C6ISR solutions, and rugged vehicle computing hardware for brigade-level units.

Morgan Stanley analyst Kristine Liwag reiterates Hold rating on Leonardo DRS Inc. and sets $40 price target on December 16, as the company continues to deliver advanced systems and services to military and intelligence agencies for over 50 years.

Despite the potential of Leonardo DRS Inc. as an investment, some AI stocks may offer greater upside potential with less downside risk. Analysts recommend exploring undervalued AI stocks that stand to benefit from Trump-era tariffs and the onshoring trend.

Read more at Yahoo Finance: Leonardo DRS Inc. (DRS) Achieves First on-Orbit Test on Proprietary Technology