Leonardo DRS Shares Slip Into Holiday Week While Labor Dispute Lingers
Leonardo DRS closed Friday at $44.92, up 0.83% on the day. The company is now facing a new labor issue going into the U.S. market holiday, with IAM Local 2782 rejecting its latest contract proposal over the weekend. Nasdaq shuts for Memorial Day on Monday, with trading set to restart Tuesday. That means investors can’t respond to the union vote in regular hours until then, after the stock stayed steady last week on bets around defense demand.