Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Leonardo DRS Receives Key Regulatory Approval Associated with RADA Electronic Industries Ltd. Merger By: Leonardo DRS via Business Wire October 25, 2022 at 16:01 PM EDT Leonardo DRS, Inc. (“DRS”), a leading mid-tier defense technology provider, today announced that on October 24, 2022, DRS and RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (“RADA”) received regulatory approval from The Committee on Foreign Investment in the United States (“CFIUS”), representing one of the more important regulatory approvals required as a condition to close the previously announced merger of the two companies. With this key regulatory approval and the previously announced RADA shareholder approval, closing of the transaction is now expected to occur at the end of November or beginning of December, subject to remaining regulatory approvals. Upon closing of the merger, RADA will become a wholly owned subsidiary of DRS, and DRS will trade on the NASDAQ and TASE under the symbol “DRS”. About Leonardo DRS DRS is a defense solutions provider, a leading technology innovator, and supplier of integrated products, services and support to military forces, the intelligence community, and defense contractors worldwide. DRS is organized into Advanced Sensor and Computing and Integrated Mission Systems segments. Headquartered in Arlington, Virginia, Leonardo DRS is a wholly owned subsidiary of Leonardo S.p.A. See the full range of capabilities at www.LeonardoDRS.com About RADA RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems. The Company is a leader in mini-tactical radars, serving attractive, high-growth markets which include active military protection (SHORAD, C-RAM), counter-UAS missions, critical infrastructure protection and border surveillance. Forward-Looking Statements This communication contains statements that constitute “forward-looking statements,” including with respect to the proposed merger of DRS and RADA and its impact, if completed, on the combined company’s business. Forward-looking statements are subject to numerous conditions, many of which are beyond our control. Neither RADA nor DRS undertake any obligation to update these statements, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20221025005961/en/Contacts RADA Investor Relations Contact Ehud Helft EK Global Investor Relations +1 212 378 8040 rada@ekgir.com DRS Investor Relations Contact Cody Slach or Jeff Grampp, CFA Gateway Group +1 949 574 3860 DRS@GatewayIR.com DRS Media Contact Michael Mount Vice President, Communications and Public Affairs +1 571 447 4624 mmount@drs.com Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Leonardo DRS Receives Key Regulatory Approval Associated with RADA Electronic Industries Ltd. Merger By: Leonardo DRS via Business Wire October 25, 2022 at 16:01 PM EDT Leonardo DRS, Inc. (“DRS”), a leading mid-tier defense technology provider, today announced that on October 24, 2022, DRS and RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (“RADA”) received regulatory approval from The Committee on Foreign Investment in the United States (“CFIUS”), representing one of the more important regulatory approvals required as a condition to close the previously announced merger of the two companies. With this key regulatory approval and the previously announced RADA shareholder approval, closing of the transaction is now expected to occur at the end of November or beginning of December, subject to remaining regulatory approvals. Upon closing of the merger, RADA will become a wholly owned subsidiary of DRS, and DRS will trade on the NASDAQ and TASE under the symbol “DRS”. About Leonardo DRS DRS is a defense solutions provider, a leading technology innovator, and supplier of integrated products, services and support to military forces, the intelligence community, and defense contractors worldwide. DRS is organized into Advanced Sensor and Computing and Integrated Mission Systems segments. Headquartered in Arlington, Virginia, Leonardo DRS is a wholly owned subsidiary of Leonardo S.p.A. See the full range of capabilities at www.LeonardoDRS.com About RADA RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems. The Company is a leader in mini-tactical radars, serving attractive, high-growth markets which include active military protection (SHORAD, C-RAM), counter-UAS missions, critical infrastructure protection and border surveillance. Forward-Looking Statements This communication contains statements that constitute “forward-looking statements,” including with respect to the proposed merger of DRS and RADA and its impact, if completed, on the combined company’s business. Forward-looking statements are subject to numerous conditions, many of which are beyond our control. Neither RADA nor DRS undertake any obligation to update these statements, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20221025005961/en/Contacts RADA Investor Relations Contact Ehud Helft EK Global Investor Relations +1 212 378 8040 rada@ekgir.com DRS Investor Relations Contact Cody Slach or Jeff Grampp, CFA Gateway Group +1 949 574 3860 DRS@GatewayIR.com DRS Media Contact Michael Mount Vice President, Communications and Public Affairs +1 571 447 4624 mmount@drs.com
Leonardo DRS, Inc. (“DRS”), a leading mid-tier defense technology provider, today announced that on October 24, 2022, DRS and RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (“RADA”) received regulatory approval from The Committee on Foreign Investment in the United States (“CFIUS”), representing one of the more important regulatory approvals required as a condition to close the previously announced merger of the two companies. With this key regulatory approval and the previously announced RADA shareholder approval, closing of the transaction is now expected to occur at the end of November or beginning of December, subject to remaining regulatory approvals. Upon closing of the merger, RADA will become a wholly owned subsidiary of DRS, and DRS will trade on the NASDAQ and TASE under the symbol “DRS”. About Leonardo DRS DRS is a defense solutions provider, a leading technology innovator, and supplier of integrated products, services and support to military forces, the intelligence community, and defense contractors worldwide. DRS is organized into Advanced Sensor and Computing and Integrated Mission Systems segments. Headquartered in Arlington, Virginia, Leonardo DRS is a wholly owned subsidiary of Leonardo S.p.A. See the full range of capabilities at www.LeonardoDRS.com About RADA RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems. The Company is a leader in mini-tactical radars, serving attractive, high-growth markets which include active military protection (SHORAD, C-RAM), counter-UAS missions, critical infrastructure protection and border surveillance. Forward-Looking Statements This communication contains statements that constitute “forward-looking statements,” including with respect to the proposed merger of DRS and RADA and its impact, if completed, on the combined company’s business. Forward-looking statements are subject to numerous conditions, many of which are beyond our control. Neither RADA nor DRS undertake any obligation to update these statements, except as required by law. View source version on businesswire.com: https://www.businesswire.com/news/home/20221025005961/en/
RADA Investor Relations Contact Ehud Helft EK Global Investor Relations +1 212 378 8040 rada@ekgir.com DRS Investor Relations Contact Cody Slach or Jeff Grampp, CFA Gateway Group +1 949 574 3860 DRS@GatewayIR.com DRS Media Contact Michael Mount Vice President, Communications and Public Affairs +1 571 447 4624 mmount@drs.com