NASDAQ:RADA

Leonardo DRS Announces Closing of Merger With RADA

Retrieved on: 
Monday, November 28, 2022
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Leonardo DRS, Inc. (Leonardo DRS, or the Company), a leading mid-tier defense technology provider, today announced the successful completion of the all-stock merger between Leonardo DRS and RADA Electronic Industries Ltd. (RADA) to become a combined public company (the Combined Company).

Key Points: 
  • Leonardo DRS, Inc. (Leonardo DRS, or the Company), a leading mid-tier defense technology provider, today announced the successful completion of the all-stock merger between Leonardo DRS and RADA Electronic Industries Ltd. (RADA) to become a combined public company (the Combined Company).
  • As previously disclosed, RADA shareholders will retain 19.5% ownership in the Combined Company with Leonardo DRSs parent company, Leonardo S.p.A., (MIL: LDO), owning the remaining 80.5%.
  • We look forward to bringing Leonardo DRSs mid-tier strength to the public markets with the addition of RADAs leading tactical radar capabilities, said William J. Lynn III, Chairman & CEO of Leonardo DRS.
  • The RADA team looks forward to continuing to penetrate the tactical radar market within the strong Leonardo DRS platform.

Leonardo DRS Announces Upcoming Conference Participation

Retrieved on: 
Monday, October 31, 2022
Technology, Other Defense, Contracts, Security, Satellite, Military, Software, Networks, Hardware, Defense, UAS, Leonardo S.p.A., Conference, Intelligence, RADA, The Ritz-Carlton Hotel Company, TASE, NASDAQ, SHORAD, Company, RADA Electronic Industries, Computing, Medical device, DRS

Leonardo DRS, Inc. (DRS), a leading mid-tier defense technology provider, today announced its upcoming participation in Bairds 2022 Annual Global Industrial Conference.

Key Points: 
  • Leonardo DRS, Inc. (DRS), a leading mid-tier defense technology provider, today announced its upcoming participation in Bairds 2022 Annual Global Industrial Conference.
  • Bairds 2022 Annual Industrial Conference is being held at the Ritz-Carlton Hotel in Chicago on November 8-10, 2022.
  • Upon closing of the merger, RADA will become a wholly owned subsidiary of DRS, and DRS will trade on the NASDAQ and TASE under the symbol "DRS".
  • Headquartered in Arlington, Virginia, Leonardo DRS is a wholly owned subsidiary of Leonardo S.p.A. See the full range of capabilities at www.LeonardoDRS.com and on Twitter @LeonardoDRSnews .

Leonardo DRS Receives Key Regulatory Approval Associated with RADA Electronic Industries Ltd. Merger

Retrieved on: 
Tuesday, October 25, 2022
Technology, Photography, Mobile, Wireless, Entertainment, Defense, IOT (Internet of Things), Other Defense, Software, Contracts, Networks, Hardware, Semiconductor, Security, Satellite, Leonardo S.p.A., SHORAD, Communication, NASDAQ, Intelligence, TASE, Company, Foreign investment, UAS, Committee on Foreign Investment in the United States, Forward-looking statement, Computing, The Committee, RADA, RADA Electronic Industries, Online gambling, DRS

Leonardo DRS, Inc. (DRS), a leading mid-tier defense technology provider, today announced that on October 24, 2022, DRS and RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (RADA) received regulatory approval from The Committee on Foreign Investment in the United States (CFIUS), representing one of the more important regulatory approvals required as a condition to close the previously announced merger of the two companies.

Key Points: 
  • Leonardo DRS, Inc. (DRS), a leading mid-tier defense technology provider, today announced that on October 24, 2022, DRS and RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (RADA) received regulatory approval from The Committee on Foreign Investment in the United States (CFIUS), representing one of the more important regulatory approvals required as a condition to close the previously announced merger of the two companies.
  • With this key regulatory approval and the previously announced RADA shareholder approval, closing of the transaction is now expected to occur at the end of November or beginning of December, subject to remaining regulatory approvals.
  • Upon closing of the merger, RADA will become a wholly owned subsidiary of DRS, and DRS will trade on the NASDAQ and TASE under the symbol DRS.
  • This communication contains statements that constitute forward-looking statements, including with respect to the proposed merger of DRS and RADA and its impact, if completed, on the combined companys business.

Leonardo DRS Awarded $579 Million Contract for Advanced Thermal Weapon Sights

Retrieved on: 
Monday, October 10, 2022
Mobile, Wireless, Technology, Other Defense, Contracts, Military, Aerospace, Manufacturing, Audio, Video, Government Technology, Defense, U.S. Securities and Exchange Commission, Communication, Sale, Weapon, SEC, FWS, Woman, Smoke, Leonardo, THE, NASDAQ, Army of the United States, Electro-optics, Man, Securities Act of 1933, TASE, Nasdaq, Technology, Space-Based Infrared System, Leonardo DRS, Acquisition, EOIR, Form, Family, Prospectus, Forward-looking statement, IVAS, RADA, RADA Electronic Industries, Army, Telescopic sight, Security (finance), DRS, United States Army, Infrared

Leonardo DRS, Inc. (DRS) announced today that it has received a contract to produce its next-generation thermal weapon sights for the U.S. Army.

Key Points: 
  • Leonardo DRS, Inc. (DRS) announced today that it has received a contract to produce its next-generation thermal weapon sights for the U.S. Army.
  • The Leonardo DRS Electro-Optical Infrared Systems (EOIS) business will produce advanced Family of Weapons Sights Individual (FWS-I) systems for its U.S. Army customer.
  • At the core of the technology is decades of Leonardo DRS experience in the uncooled thermal weapon systems field.
  • The Leonardo DRS EOIS business is part of the advanced sensing and computing segment, which has an extensive installed base across the U.S. military.

DRS Awarded Approximately $50 Million Contract to Provide Advanced Infrared Weapon Sights for the Swedish MOD

Retrieved on: 
Tuesday, August 30, 2022
Technology, Other Defense, Contracts, Satellite, Military, Automotive Manufacturing, Aerospace, Manufacturing, Electronic Design Automation, Defense, RADA Electronic Industries, Technology, Prospectus, Securities Act of 1933, Kongsberg Colt, Smoke, NASDAQ, Space-Based Infrared System, Sale, Weapon, Forward-looking statement, SEC, U.S. Securities and Exchange Commission, IWS, EOIR, Nasdaq, Swedish, Communication, Form, THE, Computing, TASE, MOD, Leonardo DRS, Contract, Family, RADA, Telescopic sight, Security (finance), DRS, Defense

Leonardo DRS, Inc.(DRS) announced today that it has received contracts to provide its advanced thermal weapon sights for the Swedish Ministry of Defense (MOD).

Key Points: 
  • Leonardo DRS, Inc.(DRS) announced today that it has received contracts to provide its advanced thermal weapon sights for the Swedish Ministry of Defense (MOD).
  • The DRS Electro-Optical Infrared Systems (EOIS) business will provide more than 4,600 thermal weapon sights including Individual Weapon Sight (IWS) and Individual Weapon Sight- Long Range (IWSLR) variants.
  • The DRS EOIS production team in Melbourne FL, delivered over 1100 weapons sights to the Swedish Ministry of Defense within 30 days of contract receipt.
  • Through multiple orders, the Swedish MOD ordered more than 3100 individual thermal weapon sights and 1,500 long-range thermal weapon sights.

DRS Delivers Advanced Electric Propulsion Equipment for Lead Columbia-Class Submarine

Retrieved on: 
Tuesday, August 30, 2022
Aerospace, Manufacturing, Maritime, Transport, Other Manufacturing, Military, Government Technology, Other Defense, Defense, Contracts, Engineering, Leonardo S.p.A., Columbia-class submarine, RADA Electronic Industries, Prospectus, Program, Securities Act of 1933, NASDAQ, Solution, Navy, Sale, General Dynamics Electric Boat, Forward-looking statement, EB, SEC, Ballistic missile submarine, Electric Bond and Share Company v. Securities and Exchange Commission, U.S. Navy type commands, Revolution, Nasdaq, Communication, Form, THE, Computing, TASE, Leonardo DRS, U.S. Securities and Exchange Commission, Contract, RADA, Weapon, Security (finance), DRS

The motor was recently shipped to General Dynamics Electric Boat (EB) for integration into the lead ship of the class.

Key Points: 
  • The motor was recently shipped to General Dynamics Electric Boat (EB) for integration into the lead ship of the class.
  • DRS was chosen by EB and the U.S. Navy to design and manufacture the major Columbia Electric Drive Propulsion system components including the main propulsion electric motor.
  • In addition to the main propulsion motor, other lead ship components are being manufactured and are also preparing to ship to Electric Boat.
  • Over the past several years, the Navy has completed successful land-based tests of DRS electric propulsion components.

SHAREHOLDER INVESTIGATION NOTICE: Halper Sadeh LLP Investigates FBMS, PBFX, EGY, RADA

Retrieved on: 
Monday, August 1, 2022
Sale, GLOBE, Vaalco Energy, NYSE, Advertising, Transglobal Secure Collaboration Participation, NASDAQ, Fraud, Heritage, Huntington Bancshares, PBF Energy, RADA Electronic Industries, RADA, Private investigator, Security (finance)

If you are a First Bancshares shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a First Bancshares shareholder, click here to learn more about your rights and options .
  • If you are a PBF Logistics shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Leonardo DRS and RADA Announce Upcoming Conference Participation

Retrieved on: 
Monday, August 1, 2022
Satellite, Defense, Other Defense, Military, Technology, Aerospace, Government Technology, Manufacturing, Sale, InterContinental, UAS, Intelligence, Investor relations, U.S. Securities and Exchange Commission, Twitter, InterContinental New York Barclay Hotel, SEC, Forward-looking statement, Securities Act of 1933, Prospectus, NASDAQ, Conference, THE, DRS, Company, TASE, Nasdaq, Computing, Communication, RADA Electronic Industries, SHORAD, RADA, Leonardo S.p.A., Form, Security (finance)

RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (RADA), a leading global provider of advanced software-defined military tactical radars, together with Leonardo DRS, Inc. (DRS), a leading mid-tier defense technology provider, today announced its upcoming participation in the Jefferies 2022 Industrials Conference and the 42nd Annual Canaccord Genuity Growth Conference.

Key Points: 
  • RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (RADA), a leading global provider of advanced software-defined military tactical radars, together with Leonardo DRS, Inc. (DRS), a leading mid-tier defense technology provider, today announced its upcoming participation in the Jefferies 2022 Industrials Conference and the 42nd Annual Canaccord Genuity Growth Conference.
  • DRS and RADA will be hosting one-on-one meetings with investors and management is scheduled to present on Wednesday, August 10th at 2:00 p.m. Eastern Time.
  • On June 21, 2022 RADA and DRS announced an all-stock merger to create a publicly-traded leader in advanced sensing and force protection.
  • Headquartered in Arlington, Virginia, Leonardo DRS is a wholly owned subsidiary of Leonardo S.p.A. See the full range of capabilities at www.LeonardoDRS.com and on Twitter @LeonardoDRSnews .

INVESTIGATION NOTICE: Halper Sadeh LLP Investigates HMTV, FSTX, RADA

Retrieved on: 
Wednesday, July 13, 2022
RADA, Advertising, GLOBE, RADA Electronic Industries, Fraud, Sale, Investment, NASDAQ, Private investigator, Security (finance)

If you are a RADA shareholder, click here to learn more about your rights and options .

Key Points: 
  • If you are a RADA shareholder, click here to learn more about your rights and options .
  • Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders.
  • Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected] .
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

Lifshitz Law PLLC Announces Investigation of HMTV, PCSB, PSB, and RADA

Retrieved on: 
Sunday, July 10, 2022
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Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of HMTV to a subsidiary of Gato Investments LP for $7.00 in cash per share of HMTV owned.

Key Points: 
  • Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of HMTV to a subsidiary of Gato Investments LP for $7.00 in cash per share of HMTV owned.
  • Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the sale of PSB to affiliates of Blackstone Real Estate for $187.50 in cash per share of PSB owned.
  • Lifshitz Law PLLC announces investigation into possible breach of fiduciary duties in connection with the RADAs agreement to be acquired by Leonardo DRS.
  • The law firm responsible for this advertisement is Lifshitz Law PLLC, 1190 Broadway, Hewlett, New York 11557, Tel: (516)493-9780.