DRS RADA Technologies

Tactical Radar and Avionics Systems

Aerospace, Defense & HLS
Acquired by Leonardo DRS on Nov, 2022

Company Overview

Snapshot

Founded in December 1970, DRS RADA Technologies operates with over 700 employees. The company has raised $35.3M across 4 funding rounds from 5 investors. In November 2022, the company 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, including active military protection, counter-UAS, critical infrastructure protection, and border surveillance. Its intelligence, surveillance, and reconnaissance (ISR) solutions are based on fiber-optic gyros and micro-electromechanical sensors, providing cost-effective solutions for aerial and land tactical vehicles. Additionally, DRS RADA develops airborne video and data recorders, offering solid-state digital recorders, cameras, debriefing systems, and complete avionic upgrade suites for combat and ISR aircraft, operating within the Aerospace, Defense & HLS sector.

Strategic signal

In November 2022, DRS RADA Technologies completed a merger with Leonardo DRS, forming a new public company. This strategic consolidation indicates a significant shift in the company's operational structure and market presence, signaling a move towards expanded capabilities and a larger role within the defense technology 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 completed its voluntary delisting from the Tel Aviv Stock Exchange in September 2023.
What was a key financial forecast for DRS RADA Technologies in early 2022?
In January 2022, DRS RADA Technologies forecasted revenues of $140 million for 2022 and set a medium-term organic revenue goal of $250 million.
What was a notable business development for DRS RADA Technologies in Q3 2021?
DRS RADA Technologies reported $24 million in new business during Q3 2021.
When did DRS RADA Technologies officially open its US headquarters and manufacturing facility?
In December 2019, DRS RADA Technologies officially opened its US headquarters and manufacturing facility in Germantown, Maryland.

External links