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Business/Financial

Leonardo DRS Receives CFIUS Approval For RADA Acquisition

By Cal Biesecker

Tuesday, October 25th, 2022

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Leonardo DRS Receives CFIUS Approval For RADA Acquisition

RADA's Advanced Compact Hemispheric Radar. Photo: RADA Electronic Industries

Leonardo DRS, Inc. on Tuesday said that it received approval from the Committee on Foreign Investment in the United States (CFIUS) to acquire Israel’s RADA Electronic Industries [RADA], clearing a key hurdle to complete the deal and become a publicly traded company. The acquisition is expected to close at the end of November or early December subject to final regulatory approvals. Once completed, Leonardo will take RADA’s spot on the Nasdaq, where it will trade using the stock ticker symbol…

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