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Business/Financial

Leonardo DRS To Acquire Tactical Radar Company RADA, Taking Company Public

By Cal Biesecker

Tuesday, June 21st, 2022

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Leonardo DRS To Acquire Tactical Radar Company RADA, Taking Company Public

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

Leonardo DRS on Tuesday said it has agreed to acquire Israel’s RADA Electronic Industries [RADA] in an all-stock merger that will strengthen its position in force protection as an integrator and as a supplier of tactical radar, and at the same time allow it to become a publicly traded company. RADA will give Leonardo DRS, which is a U.S.-based subsidiary of Italy’s Leonardo, a suite of software-defined tactical radars used for vehicle protection, short-range air defense and counter-drone solutions for…

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