Leonardo DRS to Acquire RADA Electronic Industries in All-Stock Merger
October 25, 2022
Leonardo DRS and RADA entered into a definitive all-stock merger agreement to combine their defense technology capabilities into a single public company branded as Leonardo DRS. Under the terms, Leonardo DRS will acquire 100% of RADA and RADA shareholders will own about 19.5% of the combined company (RADA becomes a wholly owned subsidiary on closing).
- Buyers
- Leonardo DRS, Inc.
- Targets
- RADA Electronic Industries Ltd.
- Industry
- Aerospace & Defense
- Location
- Israel
- Transaction Type
- Buyout
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