Military Embedded Systems

Leonardo DRS and RADA announce merger agreement

News

June 21, 2022

Lisa Daigle

Assistant Managing Editor

Military Embedded Systems

Leonardo DRS and RADA announce merger agreement
Leonardo image of M-SHORAD capability.

ARLINGTON, Va. and NETANYA, Israel. Leonardo DRS and RADA Electronic Industries announced that they have entered into a definitive agreement to merge and become a combined public company.

Under the terms of the agreement, expected to be completed during the fourth quarter of 2022, RADA will become a wholly-owned subsidiary of Leonardo DRS.

According to the merger announcement, the combined company will work across a spectrum of defense products, including advanced sensing, force protection, network computing, and electrical power and propulsion. The company will also hold positions on a number of U.S. defense force-protection programs of record, including a partnership with Anduril Industries on the U.S. Army Maneuver-Short Range Air Defense (M-SHORAD) and SOCOM SIP [special operations command system integration partner], the Marine Corps GBAD [ground-based air defense], and the Air Force Air Base Air Defense. 

 

Featured Companies

Leonardo DRS

2345 Crystal Drive Suite 1000
Arlington, VA 22202

RADA Electronic Industries

20511 Seneca Meadows Parkway, Suite 100
Germantown, MD