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Jun 21, 2022 · NETANYA, Israel and ARLINGTON, Virginia – June 21, 2022 – RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) (“RADA”), a leading provider of advanced software-defined military tactical radars, and Leonardo DRS Inc. (“Leonardo DRS”), a leading mid-tier defense technology provider, today announced that they have entered into a definitive agreement to merge and become a ...
Nov 29, 2022 · Leonardo announced the completion of the all-stock merger between its US subsidiary Leonardo DRS, Inc. (“Leonardo DRS”) and RADA Electronic Industries Ltd. (“RADA”), together also becoming a combined publicly listed company (the “Combined Company”). As previously disclosed, Leonardo will retain an 80.5% ownership in the Combined ...
Nov 28, 2022 · The RADA team looks forward to continuing to penetrate the tactical radar market within the strong Leonardo DRS platform.” In celebration of the transaction and the first trading under the DRS ticker symbol, the Leonardo DRS leadership and broader management team, led by CEO William J. Lynn III, will ring the Nasdaq closing bell on November 29, 2022 at 4:00 pm.
Jun 21, 2022 · I sold as fast as I could after the news broke. As usual, some traders were informed before the market knew. ... so now RADA is being turned into a SPAC-like vehicle to take DRS public. Shame ...
Jun 21, 2022 · Leonardo's U.S.-based electronics unit, DRS, has agreed to buy Israel's RADA Electronic Industries , the Italian defence group said on Tuesday, paving the way for the combined business to list on ...
Jun 21, 2022 · The transaction is expected to close in the fourth quarter of 2022. RADA will become a wholly-owned subsidiary of Leonardo DRS. The combined Company had $2.7 billion of Revenue and $305 million of ...
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Dec 25, 2018 · RADA is based in Netanya and produces small-form tactical radars. It trades on the Nasdaq exchange with a market cap of around $543 million. Leonardo DRS is a Virginia-based mid-tier defense ...
