RADA Schedules Third Quarter 2021 Results Release & Conference Call on Wednesday, November 3, 2021

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 DRS's parent company, Leonardo S.p.A., (MIL: LDO), owning the remaining 80.5%. Leonardo DRS's stock will be listed on NASDAQ and the Tel Aviv Stock Exchange ("TASE") under the symbol "DRS" with RADA's existing stock symbol converting to the Leonardo DRS symbol effective at the opening of NASD

Leonardo DRS, Inc. ("DRS"), a leading mid-tier defense technology provider, today announced its upcoming participation in Baird's 2022 Annual Global Industrial Conference. Baird's 2022 Annual Industrial Conference is being held at the Ritz-Carlton Hotel in Chicago on November 8-10, 2022. The Company will be hosting one-on-one meetings with investors and management is scheduled to present on Thursday, November 10 at 1:00 p.m. Eastern Time. On October 19, 2022 shareholders of RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) ("RADA") voted to approve the proposed merger with DRS at an Extraordinary Meeting to become a combined public company (the "Combined Company"). Closing of the tran

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

Alliance Global Partners downgraded RADA Electronic Industries from Buy to Neutral and set a new price target of $14.00

Baird initiated coverage of Rada Electronics Industri with a rating of Outperform and set a new price target of $17.00

Robert W. Baird initiated coverage of RADA Electronic Industries with a rating of Outperform and set a new price target of $17.00

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NETANYA, Israel, Jan. 11, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today that its Board of Directors has approved the submission of a listing application to have its ordinary shares dual-listed on the Tel Aviv Stock Exchange (“TASE”). Upon listing on the TASE the Company's ordinary shares will continue to trade as usual on NASDAQ and the Company will continue to comply with the reporting and disclosure requirements of the U.S. Securities and Exchanges Commission applicable to foreign private issuers. Yossi Ben Shalom, Chairman of the Board of Directors of RADA, stated: "We look forward to our listing on the Tel Aviv Stock Exchange, which we believe

NETANYA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ:RADA, TASE: RADA))) announced today its financial results for the three and six month periods ended June 30, 2022. Highlights of the second quarter of 2022 Quarterly revenues of $23.0 million;Gross margin of 35%;Previously announced merger with DRS proceeding as expected - merger expenses of $2.6 million incurred in the second quarter;Operating loss of $3.0 million;Net loss of $4.4 million;Adjusted EBITDA of $1.8 million representing margin of 7.7%;Quarter-end net cash position of $55.7 million. Management Comments Dov Sella, RADA's Chief Executive Officer commented, "As we announced a few weeks

NETANYA, Israel, Aug. 08, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA & TASE: RADA) announced that it would be releasing its financial results for the second quarter of 2022 on Wednesday, August 17, 2022. The Company will host a conference call on the same day, starting at 09:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US:1-888-723-3164at 9:00 am Eastern TimeIsrael:03-918-0610at 4:00 pm Israel TimeInternational:+972-3-918-

All-stock merger combines Leonardo DRS, a leading U.S.-based mid-tier defense technology provider, and RADA Electronic Industries Ltd., a leading Israel-based provider of small-form tactical radars. RADA's advanced tactical radars improve Leonardo DRS's position as an air defense, counter-UAS and vehicle protection integrator, accelerating its transformation into a provider of integrated sensor systems and leader in advanced sensing and force protection markets.The Combined Company will be aligned with some of the fastest growing segments of the U.S. Department of Defense budget and positioned to pursue global opportunities through the worldwide presence of Leonardo DRS's parent company, Leo

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