The Committee on Foreign Investment in the United States has cleared a planned merger between Arlington, Virginia-based Leonardo DRS and Israeli radar maker RADA Electronic Industries (Nasdaq: RADA).
Both parties first announced their all-stock transaction in June and they now expect to complete the business combination in late November or early December.
DRS said Tuesday the CFIUS clearance was one of the regulatory authorizations needed for the companies to close the deal that would make Leonardo’s U.S. subsidiary a publicly traded company and RADA its wholly owned subsidiary.
The combined entity will trade on the Nasdaq and Tel Aviv Stock Exchange markets under the ticker symbol “DRS.”
Former Nightwing CEO John DeSimone has joined Everfox as chief operating officer DeSimone’s 30-year experience includes leadership roles in Raytheon…
The Coast Guard plans a potential $100 million IT services contract for custom and legacy applications The Stew Sustainment Call…
Spire Global has tapped Eric Mellinger to lead its global commercial organization Mellinger previously worked at MANTECH Mellinger spent 30…
AeroVironment will deliver 82 P550 eVTOL drones to the U.S. Army under a $117.3 million contract The award marks the…
Fitzpatrick will lead RIVA’s digital strategy across service delivery, user experience and human-centered design Since joining RIVA in 2022, he…
By Mick Fox, Chief Operating Officer, TechnoMile If you have been around GovCon long enough, you know that regulatory updates rarely feel…
The Air Force has awarded $1.9 billion in advisory support contracts The awards cover aerospace research and development support The…
ASRC Federal has promoted its Defense and Intelligence President Mike Manzo to president and CEO Manzo replaces Jennifer Felix, who…
QTS Data Centers has promoted Stephen Douglas, currently deputy chief financial officer, to CFO, effective Sept. 1. In a LinkedIn…
BTS Software Solutions aims to expand its engineering and hardware capabilities with the Augury acquisition Augury brings expertise in FPGA…
Chugach Intelligence Solutions has secured a potential five-year, $158 million NASA contract for Ames Research Center support Under the AFSS…
Seven companies have received NSSL Phase 3 Lane 1 contract modifications The modifications raise the contract’s ceiling from $5.6 billion…
You’ve already read all related articles.
VIDEO 
