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.”
The work runs through October 2031, with Army Contracting Command at Redstone Arsenal setting work sites and funding by order.
MITRE has named Susannah Wright vice president and deputy general counsel to help lead its legal office and advise senior…
DARPA's sole-source award covers engineering capabilities that apply scientific and technical research findings to practical needs.
SAIC and Analytical Services and Materials hold the incumbent BPAs, with solicitations estimated for January 2027.
The Army plans full and open competition for the base contract, with awards reserved for small businesses.
Husted previously led Entarian’s maritime operations portfolio supporting the Navy, Marine Corps and Coast Guard.
Kevin Pudliner, a technology executive, has joined ARA as VP of intelligence community solutions to drive IC and federal growth.
GovExec CEO Tim Hartman has stepped down after more than 12 years, and former Atheneum CEO Dan McCarthy has been…
Natarajan will continue overseeing Project ORBIT, while Crews brings 21 years of Northrop Grumman finance and leadership experience.
Leidos has received a $318 million Defense Health Agency bridge contract to support MHS GENESIS licensing, hosting and integration.
The Everfox board spans former NSA, CIA, FBI, DISA and Pentagon acquisition leaders, plus former company CEO Sean Berg.
Brooks Consulting's Chuck Brooks, a GovCon Expert, examines how FORTRESS America aims to build integrated national resilience.
You’ve already read all related articles.
VIDEO 
