Leonardo DRS and RADA join forces to take on force protection challenges
RADA supplies software-defined military tactical radars. (Photo: RADA)
Leonardo DRS and RADA Electronic Industries have entered into an agreement to create a new combined company to deliver force protection solutions.
Italian defence giant Leonardo announced on 21 June that its US subsidiary Leonardo DRS and Israeli supplier RADA Electronic Industries have entered into a definitive agreement to create a new combined public company to compete in the force protection market.
RADA provides software-defined military tactical radars and is described as a leader in mini-tactical radars. Its solutions can be used in APS, C-UAS, SHORAD on the move and 3D perimeter surveillance systems.
The deal involves an all-stock merger transaction and is expected to enable the new company to reach a stronger position in the tactical operating sector.
A release from Leonardo pointed out that the joint effort supports development of the international market for Leonardo and allows RADA to access opportunities in European and export markets and programmes.
Leonardo DRS will acquire 100% of the share capital of RADA in exchange for 19.5% equity ownership by RADA shareholders in Leonardo DRS, with Leonardo maintaining 80.5% in DRS through its US holding company.
Expected to be concluded in Q4 of 2022, the transaction is now subject to regulatory approval as well as a RADA stockholder vote.
More from Defence Notes
-
![Global Ordnance and Sparkz disclose plans for 500,000 US-made UAV batteries a year]()
Global Ordnance and Sparkz disclose plans for 500,000 US-made UAV batteries a year
The companies have outlined plans for US$25 million manufacturing lines and initial deliveries in 2027 as Washington tightens restrictions on Chinese UAV components.
-
![Patria OPTIME and ILIAS: Orchestrating operational readiness across every domain]()
Patria OPTIME and ILIAS: Orchestrating operational readiness across every domain
Patria OPTIME is a sustainment concept that integrates MRO and lifecycle services into one solution, powered by the ILIAS digital defence platform
-
![US military seeks common controllers for drones and robotic systems]()
US military seeks common controllers for drones and robotic systems
US Air Force, Army, Marine Corps and Special Operations Command initiatives signal demand for interoperable uncrewed systems control, creating opportunities for suppliers of hardware, software and integration services.
-
![“Start planning much earlier”: delivering defence support in an era of disruption]()
“Start planning much earlier”: delivering defence support in an era of disruption
In Conversation… The geopolitical landscape is increasingly uncertain, with the UK and its allies confronting the most unpredictable international environment for decades. To adapt, defence readiness must begin long before assets reach the front line, forging a resilient support enterprise that can thrive in a time of ongoing disruption, argue the partners of Team ORION.
-
![“Communicating at mission speed”: why data security is essential for operational success]()
“Communicating at mission speed”: why data security is essential for operational success
In conversation… Everfox’s Chairman and Chief Executive Officer Dave Wajsgras and Managing Director, International, Colin McKinty discuss the critical importance of information security in defence, minimising insider risk and the company’s international growth strategy with Shephard’s Andrew White.
-
![“Engage with the operational problem”: how software innovation can boost UK defence]()
“Engage with the operational problem”: how software innovation can boost UK defence
In Conversation… Shephard’s Andrew White talks to Zafer Şen, CEO and co-founder of OBSS, about the future of command-and-control software in the age of artificial intelligence, and his company’s ambitions in the UK defence market.
