Leonardo DRS and RADA agree to all-stock merger

Leonardo DRS Inc. and RADA Electronic Industries Ltd. entered into a definitive agreement to merge in an all-stock transaction. RADA shareholders will own approximately 19.5% of the combined company, which will retain the name Leonardo DRS and trade under the symbol 'DRS'.

“The capabilities of the two companies are expected to generate strong growth from a wide range of new and high-growth markets, and are shaping the future battlefield for the U.S. military and its allies across all domains.”leonardodrs.com

• 1 source
• leonardodrs.comLeonardo DRS and RADA Agree to All-Stock MergerJun 21, 2022

Summarized from public sources; check the original articles before acting on it.