Leonardo DRS, Inc. 10-K

ITEM 2. Properties We are headquartered in Arlington, Virginia. Our principal executive offices are leased under a lease agreement expiring March 31, 2027 with an option to extend for five years thereafter. We also lease space in 16 other states and the District of Columbia in the United States, one city in Canada and three cities in Israel. Regarding the three leases in Israel, one of the sites contains a land lease and a building which is owned (described further below) and the other two sites are under 10,000 square feet. Additionally, we own properties in three states in the United States and in one city in Canada as well as the aforementioned building in Israel. The owned building is situated on land leased form the Israeli Land Authority for a period of 49 years ending in 2034. We believe that our facilities are adequate for our intended use and sufficient for our immediate needs, including to meet any security certification requirements or requirements for locating facilities in certain locations. It is not certain whether we will negotiate new leases as existing leases expire or whether we will be able to negotiate new leases without substantial cost or at all. Such determinations will be made as existing leases approach expiration and will be based on an assessment of our requirements at that time. Further, we believe that we can obtain additional space, if necessary, based on prior experience and current real estate market conditions. The table below provides additional information about our significant leased and owned facilities and properties. Location Activities Operating Segment Approximate Square Footage Owned / Leased 4265 North 30th Street, Milwaukee, WI Manufacturing, Engineering, Warehouse, Office Integrated Mission Systems 610,800 Leased 1 McDaniel Street, West Plains, MO Manufacturing, Engineering, Warehouse, Office Integrated Mission Systems 447,067 Owned Good Hope Rd., Menomonee Falls, WI Manufacturing, Engineering, Warehouse Integrated Mission Systems 372,856 Leased 100 North Babcock Street, Melbourne, FL Manufacturing, Engineering, Warehouse, Office Advanced Sensing and Computing 336,287 Leased 6060 Highway, High Ridge, MO Manufacturing, Engineering, Office Integrated Mission Systems 183,600 Owned 4545 Innovation Way, Bridgeton, MO Manufacturing, Engineering, Warehouse, Office Integrated Mission Systems 171,500 Leased One Milestone Center Court, Germantown, MD Engineering, Office Advanced Sensing and Computing 133,140 Leased 46 7200 Redstone Gateway, Huntsville, AL Manufacturing, Engineering, Office Advanced Sensing and Computing 131,498 Leased 246 Airport Road, Johnstown, PA Manufacturing, Engineering, Warehouse, Office Advanced Sensing and Computing 129,716 Leased 500 Palladium Drive, Ottawa, ON, Canada Manufacturing, Engineering, Warehouse, Office Advanced Sensing and Computing 127,334 Leased 401 Flint Drive, Menomonee Falls, WI Engineering, Office Integrated Mission Systems 118,620 Leased 166 Boulder Drive, Building #2, Fitchburg, MA Manufacturing, Warehouse Integrated Mission Systems 114,454 Leased 6200 118th Avenue North, Largo, FL Manufacturing, Engineering, Office Advanced Sensing and Computing 113,329 Owned 10600 Valley View Street, Cypress, CA Engineering, Office Advanced Sensing and Computing 91,506 Leased 13532 N Central Expressway, Dallas, TX Manufacturing, Engineering, Office Advanced Sensing and Computing 89,982 Leased 645 Anchors Street, Ft. Walton Beach, FL Manufacturing, Engineering, Office Advanced Sensing and Computing 74,304 Owned 21 South Street, Danbury, CT Manufacturing, Engineering, Warehouse, Office Integrated Mission Systems 74,300 Owned 1200 Sherman Street, Dallas, TX Engineering, Office Advanced Sensing and Computing 73,646 Leased 1240 Seesetown Rd., Sidman, PA Distribution, Warehouse Advanced Sensing and Computing 72,450 Leased 47 16465 Via Esprillo, San Diego, CA Manufacturing, Engineering, Office Advanced Sensing and Computing 67,762 Leased 7700 US Highway 1, Titusville, FL Warehouse Advanced Sensing and Computing 63,309 Leased 640 Lovejoy, Ft. Walton Beach, FL Engineering, Office Advanced Sensing and Computing 60,465 Owned 2345 Crystal Dr., Arlington, VA Office Corporate 49,048 Leased 13544 N Central Expressway, Dallas, TX Manufacturing, Engineering, Office Advanced Sensing and Computing 48,374 Leased Block 22844 Portions of Plots 90, 91, Beit She’an Israel Manufacturing, Engineering, Office Advanced Sensing and Computing 30,000 Owned 150 Bluewater Road, Bedford, NS, Canada Manufacturing, Engineering, Office Advanced Sensing and Computing 41,750 Owned 11 Durant Ave, Bethel, Ct Distribution Warehouse Integrated Mission Systems 37,840 Leased 20511 Seneca Meadows Parkway, Germantown, MD Engineering, Office Advanced Sensing and Computing 35,583 Leased 825 Greenbrier Circle, Chesapeake, VA Manufacturing, Engineering, Office Advanced Sensing and Computing 34,299 Leased 1021 Production Ct, Madison, AL Distribution, Office Advanced Sensing and Computing 33,000 Leased 651 Anchors Street, Ft. Walton Beach, FL Manufacturing, Engineering, Office Advanced Sensing and Computing 32,107 Owned 1620 Old Airport Road, West Plains, MO Distribution, Warehouse Integrated Mission Systems 30,000 Leased 2601 Mission Point Blvd, Beavercreek, OH Engineering, Office Advanced Sensing and Computing 27,306 Leased 48 1057 South Sherman, Richardson, TX Engineering, Office Advanced Sensing and Computing 26,696 Leased 590 Territorial Drive, Bolingbrook, IL Manufacturing, Engineering, Office Advanced Sensing and Computing 26,460 Leased 166 Boulder Drive, Fitchburg, MA Engineering, Office Integrated Mission Systems 22,000 Leased 26 Castilian Drive, Goleta, CA Engineering, Office Integrated Mission Systems 20,823 Leased 49