DRS RADA Technologies

Company Overview

Snapshot

Founded in December 1970, DRS RADA Technologies operates with over 500 employees. The company has raised a total of $35.3M across 4 funding rounds from 5 investors. In November 2022, DRS RADA Technologies merged with Leonardo DRS.

Business overview

DRS RADA Technologies is a global defense technology company specializing in proprietary radar solutions and legacy avionics systems. The company develops advanced pulse-Doppler, multi-mission, and AESA radar systems for tactical applications, designed to provide cost-effective hemispheric spatial coverage. Its intelligence, surveillance, and reconnaissance (ISR) solutions utilize fiber-optic gyros and micro-electromechanical sensors for aerial and land tactical vehicles. Additionally, DRS RADA Technologies develops airborne video and data recorders, offering solid-state digital recorders, cameras, debriefing systems, and avionic upgrade suites for combat and ISR aircraft. The company serves the Aerospace, Defense & HLS sector, focusing on markets such as active military protection, counter-UAS, critical infrastructure protection, and border surveillance.

Strategic signal

In November 2022, DRS RADA Technologies completed its merger with Leonardo DRS, forming a new public company. This strategic move signals a significant consolidation in the defense technology sector, enhancing the combined entity's capabilities and market reach in tactical radar and avionics systems. For investors, this indicates a strengthened competitive position and potential for synergies within the broader defense landscape.

Company Intelligence Q&A

What was a significant corporate event for DRS RADA Technologies in late 2022?

In November 2022, DRS RADA Technologies completed a merger with Leonardo DRS, forming a new public company.

When did DRS RADA Technologies delist from the Tel Aviv Stock Exchange?

DRS RADA Technologies delisted from the Tel Aviv Stock Exchange in September 2023.

What was a key financial forecast made by RADA in January 2022?

In January 2022, RADA forecasted revenues of $140 million for 2022 and presented a medium-term organic revenue goal of $250 million.

What was a notable business development for RADA in Q1 2022?

In April 2022, RADA reported over $29 million in new business during the first quarter of 2022.

When did RADA join the Tel Aviv Stock Exchange's dual-listed companies?

RADA joined the Tel Aviv Stock Exchange's dual-listed companies in February 2021.