American protection concern Leonardo buys Israeli radar producer Rada – Muricas News

Tactical radar developer Rada Digital Industries has turn into the primary main Israeli protection firm to be purchased by a international company.

The customer, non-public American protection concern Leonardo, will combine Rada into its Leonardo DRS subsidiary.

Beneath the phrases of the deal, Rada house owners will obtain a 19.5% stake within the mixed firm, which can commerce concurrently on the NASDAQ and the Tel Aviv Inventory Change. Based mostly on present quotes, we're speaking in regards to the quantity of 775 million dollars.