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Letlow Bought DRS. Then Two Pentagon Contracts Followed.

Letlow Bought DRS. Then Two Pentagon Contracts Followed.

She's the only member of Congress who traded it. Her broker says it was discretionary. DRS is up 14%.

David Love
March 28, 2026

THE QUIVER QUANT
EXECUTIVE SUMMARY

Rep. Julia Letlow (R-LA) bought Leonardo DRS stock (DRS) on February 2nd. Weeks later, DRS was selected for two Pentagon contract vehicles: the SHIELD missile defense IDIQ ($151B ceiling) and ATSP5 rapid tech program ($25B ceiling, shared among 13 contractors). She's the only member of Congress who traded it. Her office says the trades were broker-managed by Merrill Lynch. She also has 210+ late STOCK Act disclosures worth up to $3.3M. The House Ethics Committee waived all fines. DRS is up 14% since her purchase.

Insider momentum sales led this week. The Insider Purchases strategy gained +4% over 7 days. Howard Marks stayed strong at +2.49%. $66M in insider cashing out. (IMAX) director Kevin Douglas dumped $21.5M. Warner Bros execs cashed out $18M ahead of the Paramount merger at $31 per share. Full breakdown below.

Congress net worth snapshot. Justice leads at $664M. Pelosi sits at $264M. Murkowski wins the portfolio leaderboard this week at +5.07%. Spartz is down 5.09%.

Track every congressional trade, insider sale, and strategy in real time on Quiver. This is what our data does.

MIDTERMS
Things are heating up for the midterms. Here are the current probabilities: The House: 84% Dem · Senate: 57% GOP ·

PAC money is flowing, and outside spending is already targeting key races. Wesley Hunt (R-TX) has $11.7M in opposition spending against him, the most of any House member so far.

Our new midterm elections dashboard is live on Quiver. Check it out to see congressional races and who is favored to win.

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STRATEGY PERFORMANCE

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Today's Signals
01 Editorial Quant
02 Insider Trades
03 Congress Trading
04 Quiver News
05 Quiver Socials
-David Love

THE EDITORIAL QUANT
This Week’s Deep Dive

Letlow Bought DRS. Two Pentagon Contracts Followed.

She's the only member of Congress who traded Leonardo DRS. Weeks later, DRS was selected for the SHIELD missile defense IDIQ ($151B ceiling) and the ATSP5 rapid tech program ($25B ceiling, 1 of 13 contractors). Her office says trades were broker-managed. We mapped the timeline, the lobbying data, and 210+ late disclosures.

Letlow sits on the Appropriations Subcommittee on National Security. She votes on the defense budget that funds contracts like these. Her broker bought the stock. Two Pentagon awards followed.

This Sunday, we're mapping the full timeline: DRS lobbying spend vs. congressional purchase dates, which other members own defense stocks, and why the Ethics Committee waived every penalty on 210+ late disclosures.

Plus: the SEC's top enforcement chief just quit over pressure to go soft on Musk, and Justin Sun settled $31M in fraud allegations for $10M with zero admission of guilt .See the full breakdown→

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