Leonardo DRS signs agreement with Australia’s Hofmann Engineering

Leonardo DRS (DRS) and Hofmann Engineering Pty. Ltd. “announced their intent to form a strategic partnership to examine opportunities for the joint pursuit of advanced allied navy propulsion needs, as well as providing capabilities to open capacity to accelerate U.S. Navy ship and submarine production. Under a recently signed Memorandum of Understanding, the collaboration would build on Leonardo DRS’ deep experience in designing and developing high-performance, military-spec electric drive and hybrid electric drive propulsion systems for customers around the world, and Hofmann Engineering’s extensive large, precision manufacturing and fabrication experience.”