Aerospace Group:

Business/Financial

Leonardo DRS To Acquire Tactical Radar Company RADA, Taking Company Public

By Cal Biesecker

Tuesday, June 21st, 2022

SHARE:

Leonardo DRS To Acquire Tactical Radar Company RADA, Taking Company Public

RADA's Advanced Compact Hemispheric Radar. Photo: RADA Electronic Industries

Leonardo DRS on Tuesday said it has agreed to acquire Israel’s RADA Electronic Industries [RADA] in an all-stock merger that will strengthen its position in force protection as an integrator and as a supplier of tactical radar, and at the same time allow it to become a publicly traded company. RADA will give Leonardo DRS, which is a U.S.-based subsidiary of Italy’s Leonardo, a suite of software-defined tactical radars used for vehicle protection, short-range air defense and counter-drone solutions for…

Unmanned Systems

Counter-Drone Needs Will Be Addressed In Next NDAA Based On Iran War Lessons, Banks Says

A Republican senator on Armed Services Committee on Thursday said that defending against Iranian drones has been challenge for U.S. warfighters and will be an area of focus in the […]

Pentagon

Pentagon ‘Working Options’ On Iran Supplemental, May Seek Funds For New Capabilities

The Pentagon is “working options” for a potential supplemental spending request to fund the operation against Iran and replenish munitions used in the strike campaign, with a senior official noting […]

Congress

Wicker Backs “Crash Program” To Supply Ukraine With Low-Cost Weapons

Senate Armed Services Committee (SASC) Chairman Roger Wicker (R-Miss.) on Thursday proposed a rapid effort to supply Ukraine with low-cost weapons to aid that country in turning back Russia. “We […]

Congress

Dem Lawmakers Want To Codify Trump’s Push For More Defense Contractor Accountability

A group of four Congressional Democrats want to codify President Donald Trump’s push to hold defense firms accountable for prioritizing production investments over paying out stock buybacks, and are seeking […]