# 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'.

- Type: Acquisition
- Announced: 2022-06-21
- Where: United States
- Status: announced
- Products: military tactical radars, defense technology, advanced sensing, force protection
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Leonardo DRS](https://endata.com/companies/4486.md) (acquirer)
- [Leonardo](https://endata.com/companies/18893.md) (partner)
- [Rada Electronic Industries](https://endata.com/companies/26290.md) (target)

## Sources

- [leonardodrs.com](https://www.leonardodrs.com/news/press-releases/leonardo-drs-and-rada-agree-to-all-stock-merger-combining-top-defense-technology-companies-into-leader-in-advanced-sensing-and-force-protection/), 2022-06-21: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.