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 merged 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.

When did DRS RADA Technologies join TASE's dual-listed companies?

DRS RADA Technologies joined TASE's dual-listed companies in February 2021.

Which investors participated in a funding round for DRS RADA Technologies in August 2017?

In August 2017, DRS RADA Technologies received funding from Phoenix Insurance and Yelin Lapidot Investment House.

What was the reported new business for RADA in Q1 2022?

RADA reported over $29 million in new business in Q1 2022.