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
-
![Top-level commitments but no meat in UK Defence Industrial Strategy’s Statement of Intent]()
Top-level commitments but no meat in UK Defence Industrial Strategy’s Statement of Intent
The initial document focused more on creating the right partnerships and inspiring investment in defence than on any details of how future UK Armed Forces would be armed.
-
![UK begins process on new industrial strategy]()
UK begins process on new industrial strategy
The first stage of developing a new UK Defence Industrial Strategy has highlighted failings in current structures with solutions expected to be proposed in next year’s full strategy.
-
![Romanians put pro-Russian candidate into presidential runoff even as the government spends west]()
Romanians put pro-Russian candidate into presidential runoff even as the government spends west
Romania joined NATO more than two decades ago and the country is vital to the alliance’s geographic reach and its ability to supply Ukraine with weapons.
-
![What the future holds for Ukraine and NATO under a Trump administration]()
What the future holds for Ukraine and NATO under a Trump administration
Although Trump’s geopolitics policy for Europe remains unclear, defence analysts from the US and Europe predict how his incoming administration would attempt to handle critical issues on the continent.
-
![RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific]()
RUSI deputy: UK needs longer procurement plans and improved awareness of US sift to Indo-Pacific
The UK budget announced in Parliament on 30 October was the first by a Labour government in 14 years which has also launched a review into defence procurement programmes.
-
![Australia outlines longer punch and brings local industry onboard]()
Australia outlines longer punch and brings local industry onboard
The Australian government has placed a focus on Guided Weapons and Explosive Ordnance (GWEO) which has included the purchase of additional long-range rocket systems and investments in local production of missiles.
