Leonardo DRS is trading 4.1% down at $44.65 as post-earnings selling intensifies despite the company beating Q2 estimates and raising its 2026 outlook.

  • The stock extended losses from the prior session's 5.43% decline, with the move appearing tied to a broader sector rotation rather than company-specific misses.
  • Defense names are lagging as investors shift capital toward tech and risk-on assets, evidenced by the ITA defense ETF falling 2.12%.