The shares of Leonardo DRS, Inc. (NASDAQ: DRS) have exhibited a notable surge, indicating a substantial after-hours rise of 4.98% to $55.86 during weekend trading. This movement in DRS stock price coincides with the impending release of its financial results scheduled for this Wednesday.
Furthermore, Leonardo DRS (DRS) recently declared its reception of the esteemed 2024 Herschel Award for pioneering the development of an innovative cooled infrared sensor. This sensor breakthrough unlocks advanced military and scientific capabilities across various domains, including space. The award ceremony was conducted by the Military Sensing Symposium Materials and Detectors Specialty Group.
The 2024 accolade acknowledges DRS’s endeavors in crafting linear mode HgCdTe Avalanche Photodiodes for single photon counting sensors. This sensor’s creation enables passive imaging under low-light conditions within the infrared spectral band.
Consequently, the technology facilitates highly sensitive receivers for applications such as light detection and ranging (LIDAR), secure laser communication, remote sensing, ultra-sensitive gas detection, and 3-D imaging. The Military Sensing Symposium commends Leonardo DRS’s extensive contributions to the intricate realm of advanced sensing.
DRS has worked closely with NASA, DARPA, and the Air Force Research Laboratory over the last ten years to enhance this vital technology for a wide range of scientific and defense applications. Leonardo DRS has led a number of groundbreaking innovations since the early 1960s, and the business is now expanding on its creative heritage.
This consecutive recognition with the Herschel Award marks a significant milestone for Leonardo DRS. In the previous year, DRS received acclaim for its involvement in developing advanced infrared detectors utilized in next-generation infrared sights for ground combat vehicles. Notably, this marks the fifth Herschel Award bestowed upon the company.
The Herschel Award honors organizations or individuals that have made substantial contributions to infrared device science and/or technology within the past five years. The award’s high standards highlight its importance in the highly competitive electro-optical and infrared sensor market within the defense sector.
