# EDGAR Filing Document

**Accession Number:** 0001833756
**File Stem:** 0001104659-23-009295
**Filing Date:** 2023-2
**Character Count:** 16953
**Document Hash:** 74c6ac760b02bc1e7b509b476627879b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-23-009295.hdr.sgml**: 20230201

**ACCESSION NUMBER**: 0001104659-23-009295

**CONFORMED SUBMISSION TYPE**: SC 13G

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230201

**DATE AS OF CHANGE**: 20230201

**GROUP MEMBERS**: LEONARDO S.P.A.

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Leonardo DRS, Inc.
- **CENTRAL INDEX KEY:** 0001833756
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEARCH, DETECTION, NAVIGATION, GUIDANCE, AERONAUTICAL SYS [3812]
- **IRS NUMBER:** 132632319
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93885
- **FILM NUMBER:** 23577316

**BUSINESS ADDRESS:**
- **STREET 1:** 2345 CRYSTAL DRIVE
- **STREET 2:** SUITE 1000
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22202
- **BUSINESS PHONE:** (703) 416-8000

**MAIL ADDRESS:**
- **STREET 1:** 2345 CRYSTAL DRIVE
- **STREET 2:** SUITE 1000
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22202
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Leonardo US Holding, LLC
- **CENTRAL INDEX KEY:** 0001851259
- **IRS NUMBER:** 263533821
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13G

**BUSINESS ADDRESS:**
- **STREET 1:** 1235 SOUTH CLARK STREET
- **STREET 2:** SUITE 700
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22202
- **BUSINESS PHONE:** 7034132120

**MAIL ADDRESS:**
- **STREET 1:** 1235 SOUTH CLARK STREET
- **STREET 2:** SUITE 700
- **CITY:** ARLINGTON
- **STATE:** VA
- **ZIP:** 22202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Leonardo US Holding, Inc.
- **DATE OF NAME CHANGE:** 20210315

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**SCHEDULE 13G**

**Under the Securities Exchange Act of 1934**

**(Amendment No.)\***

**Leonardo DRS, Inc.**<br> (Name of Issuer)

**Common Stock, par value $0.01 per share**<br> (Title of Class of Securities)

52661A 108<br> (CUSIP Number)

**November 28, 2022**<br> (Date of Event to Which Requires Filing of this Statement)

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

¨Rule 13d-1(b)

¨Rule 13d-1(c)

xRule 13d-1(d)

\*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

(Continued on following pages)

Page 2 of 7

CUSIP No. 52661A 108

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Names of reporting persons:<br>Leonardo US Holding, LLC | &nbsp;&nbsp;Names of reporting persons:<br>Leonardo US Holding, LLC | &nbsp;&nbsp;Names of reporting persons:<br>Leonardo US Holding, LLC |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Check the appropriate box if a member of a group (see instructions)<br>(a) ¨(b) ¨ | &nbsp;&nbsp;Check the appropriate box if a member of a group (see instructions)<br>(a) ¨(b) ¨ | &nbsp;&nbsp;Check the appropriate box if a member of a group (see instructions)<br>(a) ¨(b) ¨ |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC use only | &nbsp;&nbsp;SEC use only | &nbsp;&nbsp;SEC use only |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Citizenship or place of organization:<br>Delaware | &nbsp;&nbsp;Citizenship or place of organization:<br>Delaware | &nbsp;&nbsp;Citizenship or place of organization:<br>Delaware |
| &nbsp;&nbsp;Number of <br> shares <br> beneficially <br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;Number of <br> shares <br> beneficially <br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;5 | &nbsp;&nbsp;Sole voting power:<br>0<br>|
| &nbsp;&nbsp;Number of <br> shares <br> beneficially <br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;Number of <br> shares <br> beneficially <br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;6 | &nbsp;&nbsp;Shared voting power:<br>210,445,073<br>|
| &nbsp;&nbsp;Number of <br> shares <br> beneficially <br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;Number of <br> shares <br> beneficially <br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;7 | &nbsp;&nbsp;Sole dispositive power:<br>0<br>|
| &nbsp;&nbsp;Number of <br> shares <br> beneficially <br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;Number of <br> shares <br> beneficially <br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;8 | &nbsp;&nbsp;Shared dispositive power:<br>210,445,073<br>|
| &nbsp;&nbsp;9 | &nbsp;&nbsp;Aggregate amount beneficially owned by each reporting person:<br>210,445,073 | &nbsp;&nbsp;Aggregate amount beneficially owned by each reporting person:<br>210,445,073 | &nbsp;&nbsp;Aggregate amount beneficially owned by each reporting person:<br>210,445,073 |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ☐ | &nbsp;&nbsp;Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ☐ | &nbsp;&nbsp;Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ☐ |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;Percent of class represented by amount in row (9):<br>80.9%<sup>(1)</sup> | &nbsp;&nbsp;Percent of class represented by amount in row (9):<br>80.9%<sup>(1)</sup> | &nbsp;&nbsp;Percent of class represented by amount in row (9):<br>80.9%<sup>(1)</sup> |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;Type of reporting person (see instructions):<br>OO, HC | &nbsp;&nbsp;Type of reporting person (see instructions):<br>OO, HC | &nbsp;&nbsp;Type of reporting person (see instructions):<br>OO, HC |

---

(1) This percentage is calculated based on 260,187,260 shares of common stock of Leonardo DRS, Inc. ("Issuer"), par value $0.01 per share, outstanding as of November 28, 2022, as disclosed in the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 28, 2022.

Page 3 of 7

CUSIP No. 52661A 108

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;1 | &nbsp;&nbsp;Names of reporting persons:<br>Leonardo S.p.a. | &nbsp;&nbsp;Names of reporting persons:<br>Leonardo S.p.a. | &nbsp;&nbsp;Names of reporting persons:<br>Leonardo S.p.a. |
| &nbsp;&nbsp;2 | &nbsp;&nbsp;Check the appropriate box if a member of a group (see instructions)<br>(a) ¨(b) ¨ | &nbsp;&nbsp;Check the appropriate box if a member of a group (see instructions)<br>(a) ¨(b) ¨ | &nbsp;&nbsp;Check the appropriate box if a member of a group (see instructions)<br>(a) ¨(b) ¨ |
| &nbsp;&nbsp;3 | &nbsp;&nbsp;SEC use only | &nbsp;&nbsp;SEC use only | &nbsp;&nbsp;SEC use only |
| &nbsp;&nbsp;4 | &nbsp;&nbsp;Citizenship or place of organization:<br>Italy | &nbsp;&nbsp;Citizenship or place of organization:<br>Italy | &nbsp;&nbsp;Citizenship or place of organization:<br>Italy |
| &nbsp;&nbsp;Number of<br> shares<br> beneficially<br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;Number of<br> shares<br> beneficially<br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;5 | &nbsp;&nbsp;Sole voting power:<br>0<br>|
| &nbsp;&nbsp;Number of<br> shares<br> beneficially<br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;Number of<br> shares<br> beneficially<br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;6 | &nbsp;&nbsp;Shared voting power:<br>210,445,073<br>|
| &nbsp;&nbsp;Number of<br> shares<br> beneficially<br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;Number of<br> shares<br> beneficially<br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;7 | &nbsp;&nbsp;Sole dispositive power:<br>0<br>|
| &nbsp;&nbsp;Number of<br> shares<br> beneficially<br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;Number of<br> shares<br> beneficially<br> owned by <br> each<br> reporting <br> person with: | &nbsp;&nbsp;8 | &nbsp;&nbsp;Shared dispositive power:<br>210,445,073<br>|
| &nbsp;&nbsp;9 | &nbsp;&nbsp;Aggregate amount beneficially owned by each reporting person:<br>210,445,073 | &nbsp;&nbsp;Aggregate amount beneficially owned by each reporting person:<br>210,445,073 | &nbsp;&nbsp;Aggregate amount beneficially owned by each reporting person:<br>210,445,073 |
| &nbsp;&nbsp;10 | &nbsp;&nbsp;Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ☐ | &nbsp;&nbsp;Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ☐ | &nbsp;&nbsp;Check if the aggregate amount in Row (9) excludes certain shares (see instructions) ☐ |
| &nbsp;&nbsp;11 | &nbsp;&nbsp;Percent of class represented by amount in row (9):<br>80.9%<sup>(1)</sup> | &nbsp;&nbsp;Percent of class represented by amount in row (9):<br>80.9%<sup>(1)</sup> | &nbsp;&nbsp;Percent of class represented by amount in row (9):<br>80.9%<sup>(1)</sup> |
| &nbsp;&nbsp;12 | &nbsp;&nbsp;Type of reporting person (see instructions):<br>OO, HC | &nbsp;&nbsp;Type of reporting person (see instructions):<br>OO, HC | &nbsp;&nbsp;Type of reporting person (see instructions):<br>OO, HC |

---

(1) This percentage is calculated based on 260,187,260 shares of common stock of Leonardo DRS, Inc. ("Issuer"), par value $0.01 per share, outstanding as of November 28, 2022, as disclosed in the Issuer's Current Report on Form 8-K, filed with the Securities and Exchange Commission on November 28, 2022.

Page 4 of 7

---

| | |
|:---|:---|
| **Item 1.** | **(a) Name of Issuer.** |
|  | Leonardo DRS, Inc. |
| **Item 1.** | **(b) Address of Issuer's Principal Executive Offices.** |
|  | 2345 Crystal Drive |
|  | Suite 1000 |
|  | Arlington, Virginia 22202 |
| **Item 2.** | **(a) Name of Person Filing.** |
|  | This statement is filed on behalf of the following persons with respect to the shares of Common Stock of the Issuer: |
|  | (i) Leonardo US Holding, LLC, a Delaware limited liability company ("Leonardo US"), with respect to shares held by it; and |
|  | (ii) Leonardo S.p.a., a company incorporated under the laws of Italy as a Società per Azioni ("Leonardo"), as the ultimate parent of Leonardo US (holding a majority membership interest in Leonardo US directly and the remaining interest indirectly through another wholly owned subsidiary), with respect to the shares held by Leonardo US. |
|  | The foregoing persons are hereinafter referred to collectively as the "Reporting Persons." |
| **Item 2.** | **(b) Address of Principal Business Office.** |
|  | The address of the principal business office of Leonardo US is: 1235 South Clark Street, Suite 700, Arlington, Virginia 22202. |
|  | The address of the principal business office of Leonardo is: Piazza Monte Grappa n.4, 00195 Rome, Italy. |
| **Item 2.** | **(c) Citizenship.** |
|  | Leonardo US is a Delaware limited liability company. |
|  | Leonardo is a company incorporated under the laws of Italy as a Società per Azioni. |
| **Item 2.** | **(d) Title of Class of Securities.** |
|  | Common Stock, par value $0.01 per share ("Common Stock"). |
| **Item 2.** | **(e) CUSIP No.** |
|  | 52661A 108 |
| **Item 3.** | **If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a(n):** |

---

(a) ¨ Broker or dealer registered
 under Section 15 of the Exchange Act (15 U.S.C. 78o).

(b) ¨ Bank as defined in Section 3(a)(6) of
 the Exchange Act (15 U.S.C. 78c).

(c) ¨ Insurance company as defined in Section
 3(a)(19) of the Exchange Act (15 U.S.C. 78c).

(d) ¨ Investment company registered under Section
 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

Page 5 of 7

(e) ¨ Investment adviser in accordance
 with §240.13d-1(b)(1)(ii)(E).

(f) ¨ Employee benefit plan or endowment fund
 in accordance with §240.13d-1(b)(1)(ii)(F).

(g) ¨ Parent holding company or control person
 in accordance with §240.13d-1(b)(1)(ii)(G).

(h) ¨ Savings association as defined in Section
 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i) ¨ Church plan that is excluded from the
 definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j) ¨ Non-U.S. institution, in accordance with
 § 240.13d-1(b)(1)(ii)(J).

(k) ¨ Group in accordance with §240.13d-1(b)(1)(ii)(K). If
 filing as a non-U.S. institution in accordance with §240. 13d-1(b)(1)(ii)(J), please specify the type of institution: __________

**Item 4.** **Ownership.**

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| | |
|:---|:---|
| (a) | Amount beneficially owned: |
|  | The information set forth in row 9 of the cover pages hereto for each of the Reporting Persons is incorporated herein by reference. |
| (b) | Percent of class: |
|  | The information set forth in row 11 of the cover pages hereto for each of the Reporting Persons is incorporated herein by reference. |
| (c) | Number of shares as to which the person has: |

---

---

| | |
|:---|:---|
| (i) | Sole power to vote or to direct the vote |
|  | The information set forth in row 5 of the cover pages hereto for each of the Reporting Persons is incorporated herein by reference. |
| (ii) | Shared power to vote or to direct the vote |
|  | The information set forth in row 6 of the cover pages hereto for each of the Reporting Persons is incorporated herein by reference. |
| (iii) | Sole power to dispose or to direct the disposition of |
|  | The information set forth in row 7 of the cover pages hereto for each of the Reporting Persons is incorporated herein by reference. |
| (iv) | Shared power to dispose or to direct the disposition of |
|  | The information set forth in row 8 of the cover pages hereto for each of the Reporting Persons is incorporated herein by reference. |

---

**Item 5.** **Ownership of Five Percent or Less of a Class.**

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following ☐.

**Item 6.** **Ownership of More than Five Percent on Behalf of Another Person.**

Not applicable.

Page 6 of 7

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

Item 8. Identification and Classification of Members of the Group.

Not applicable.

Item 9. Notice of Dissolution of Group.

Not applicable.

Item 10. Certification.

Not applicable.

Page 7 of 7

<u>Signature</u>

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: February 1, 2023

---

| | |
|:---|:---|
| **By: Leonardo US Holding, LLC** | **By: Leonardo US Holding, LLC** |
| /s/ Christopher T. Slack | /s/ Christopher T. Slack |
| Name: | Christopher T. Slack |
| Title: | President |
| **By: Leonardo S.p.a.** | **By: Leonardo S.p.a.** |
| /s/ Andrea Parrella | /s/ Andrea Parrella |
| Name: | Andrea Parrella |
| Title: | Executive Vice President |
|  | Group General Counsel |

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## Exhibit 99.1

**Exhibit 99.1**

<u>JOINT FILING AGREEMENT</u>

Each of the undersigned, pursuant to Rule 13d-1(k)(1) of the Act, acknowledges and agrees that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of the Common Stock and that the foregoing statement on Schedule 13G is filed on behalf of each of the undersigned and that all subsequent amendments to this statement on Schedule 13G shall be filed on behalf of each of the undersigned without the necessity of filing additional joint filing agreements. The undersigned acknowledge that each shall be responsible for the timely filing of such amendments, and for the completeness and accuracy of the information concerning it contained therein, but shall not be responsible for the completeness and accuracy of the information concerning the other, except to the extent that it knows or has reason to believe that such information is inaccurate.

Date: February 1, 2023

---

| | |
|:---|:---|
| **By: Leonardo US Holding, LLC** | **By: Leonardo US Holding, LLC** |
| /s/ Christopher T. Slack | /s/ Christopher T. Slack |
| Name: | Christopher T. Slack |
| Title: | President |
| **By: Leonardo S.p.a.** | **By: Leonardo S.p.a.** |
| /s/ Andrea Parrella | /s/ Andrea Parrella |
| Name: | Andrea Parrella |
| Title: | Executive Vice President |
|  | Group General Counsel |

---