🔴 Leonardo DRS is trading 5% down today amid concerns over military-spending scrutiny and contract funding

Leonardo DRS is trading at $36.92 (-4.99%) as defense shares face pressure amid concerns about military-spending scrutiny and contract funding.

• Democratic gains in both chambers of Congress prompted the concerns.
• Major defense contractors and European defense shares also fell in early trading, pointing to sector-wide pressure rather than a Leonardo DRS-specific catalyst.
• Broader U.S. indexes were higher while the defense ETF was down.