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 or 48 own space in 17 other states and the District of Columbia in the United States, two cities in Canada and three cities in Israel. We own properties in three states in the United States and in one city in Canada. One of the sites in Israel contains a land lease and a building which is owned. The owned building in Israel is situated on land leased from 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. 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 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 4201 Innovation Way, Bridgeton, MO Manufacturing, Engineering, Warehouse, Office Integrated Mission Systems 171,500 Leased 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 10600 Valley View Street, Cypress, CA Engineering, Office Advanced Sensing and Computing 91,506 Leased 49 13532 N Central Expressway, Dallas, TX Manufacturing, Engineering, Office Advanced Sensing and Computing 89,982 Leased 4910 Executive Court South, Frederick, MD Manufacturing, Engineering, Office Advanced Sensing and Computing 88,146 Leased 6200 118th Avenue North, Largo, FL Manufacturing, Engineering, Office Advanced Sensing and Computing 75,968 Owned 21 South Street, Danbury, CT Manufacturing, Engineering, Warehouse, Office Integrated Mission Systems 74,304 Owned 1200 Sherman Street, Dallas, TX Engineering, Office Advanced Sensing and Computing 73,646 Leased 645 Anchors Street, Ft. Walton Beach, FL Manufacturing, Engineering, Office Advanced Sensing and Computing 72,761 Owned 1240 Seesetown Rd., Sidman, PA Distribution, Warehouse Advanced Sensing and Computing 72,450 Leased 16465 Via Esprillo, San Diego, CA Manufacturing, Engineering, Office Advanced Sensing and Computing 67,792 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 13544 N Central Expressway, Dallas, TX Manufacturing, Engineering, Office Advanced Sensing and Computing 48,374 Leased 2345 Crystal Dr., Arlington, VA Office Corporate 46,184 Leased 20511 Seneca Meadows Parkway, Germantown, MD Engineering, Office Advanced Sensing and Computing 42,476 Leased 150 Bluewater Road, Bedford, NS, Canada Manufacturing, Engineering, Office Advanced Sensing and Computing 41,750 Owned Block 7962 Plot 14 Floor 1 Buildings 224-235, 237, 238, Netanya, Israel Engineering, Office Advanced Sensing and Computing 39,415 Leased 11 Durant Ave, Bethel, Ct Distribution Warehouse Integrated Mission Systems 37,840 Leased Block 22884 Plot 982 3 Ha’Sadna Street, Beit She’an, Israel Manufacturing, Engineering, Office Advanced Sensing and Computing 37,670 Owned 1021 Production Ct, Madison, AL Distribution, Office Advanced Sensing and Computing 33,000 Leased 50 1832 Wright Street, Madison, WI Manufacturing, Engineering, Office Advanced Sensing and Computing 32,319 Leased 651 Anchors Street, Ft. Walton Beach, FL Manufacturing, Engineering, Office Advanced Sensing and Computing 31,783 Owned 1620 Old Airport Road, West Plains, MO Distribution, Warehouse Integrated Mission Systems 30,000 Owned 2601 Mission Point Blvd, Beavercreek, OH Engineering, Office Advanced Sensing and Computing 27,306 Leased 590 Territorial Drive, Bolingbrook, IL Manufacturing, Engineering, Office Advanced Sensing and Computing 26,460 Leased Block 22844 Portions of Plots 90, 91, Beit She’an, Israel Manufacturing, Engineering, Office Advanced Sensing and Computing 22,003 Leased 166 Boulder Drive, Fitchburg, MA Engineering, Office Integrated Mission Systems 22,000 Leased 640 Independence Blvd, West Plains, MO Manufacturing, Engineering, Warehouse, Office Integrated Mission Systems 22,000 Owned 26 Castilian Drive, Goleta, CA Engineering, Office Integrated Mission Systems 20,823 Leased