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Leonardo DRS Goes Public After Completing Deal For RADA

Cal Biesecker By
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Leonardo DRS Goes Public After Completing Deal For RADA
William Lynn, Chairman and CEO of Leonardo DRS. (Photo: Leonardo DRS)

Leonardo DRS on Monday said it had completed its all-stock merger with RADA Electronic Industries, clearing way for Leonardo DRS to become a public company, with its shares set to begin trading on the NASDAQ on Tuesday and followed Wednesday on the Tel Aviv Stock Exchange. Leonardo DRS will take RADA’s place on the two exchanges and trade under the stock ticker symbol “DRS.” Leonardo DRS is a U.S.-based subsidiary of Italy’s Leonardo, whose shareholders will own an 80.5 percent…

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