Leonardo DRS Shares Slip Into Holiday Week While Labor Dispute Lingers
Leonardo DRS shares closed at $44.92 Friday, up 0.83%, as IAM Local 2782 rejected a contract offer, prolonging a lockout at its West Plains, Missouri, plant. Nearly 300 union members voted against the deal. Nasdaq will be closed Monday for Memorial Day, delaying investor reaction to the labor dispute. The company last reported first-quarter revenue of $846 million and a $4.7 billion funded backlog.