RADA Electronic Industries
Israeli military radar and avionics maker in Netanya, supplier to the Israeli Ministry of Defense and the IDF; merged into Leonardo DRS in 2022
| RADA Electronic Industries
| |
|---|---|
| Trade name | RADA Electronic Industries Ltd |
| Logo |  RADA Electronic Industries logo |
| Type | Subsidiary (formerly listed on Nasdaq and the Tel Aviv Stock Exchange) |
| Founded | 8 December 1970 (date of incorporation) |
| Headquarters | 7 Giborei Israel Street, Netanya 4250407, Israel |
| Industry | Defence electronics (defence industry) |
| Parent | Leonardo DRS (from 28 November 2022), itself 80.5% owned by Leonardo |
| Homepage | rada.com |
RADA Electronic Industries (RADA Electronic Industries Ltd) is an Israeli military electronics company, based in Netanya, that makes tactical radars, avionics and airborne recorders. It was incorporated in Israel on 8 December 1970.[1] According to its own annual report, "The Israeli Ministry of Defense has historically supported and continues to support our marketing efforts through its defense export assistance branch and through various projects for the IDF and its related divisions" (Israeli Ministry of Defence; Israel Defense Forces).[1] On 28 November 2022 it became a wholly owned subsidiary of Leonardo DRS, the American arm of the Italian arms company Leonardo.[2]
Management and military links
RADA's chief executive, Dov Sella, has what Ctech called "a strong background in avionics, serving in the Israeli Air Force and working for Elbit Systems" (Israeli Air Force; Elbit Systems).[3] The company's 2021 annual report says that he worked for Elbit Systems, "a leading Israeli defense contractor", from 1982 until 1997. The same report lists among its directors Alon Dumanis, who "served as the Head of Material Command for the Israeli Air Force, where he held the rank of Brigadier General", and Joseph Weiss, chief executive of Israel Aerospace Industries from 2012 to 2018, who joined IAI in 1998 "after serving in Israel's navy for 25 years" and retired as a captain (Israeli Navy).[1]
Products and customers
Ctech described RADA in 2022 as a "blue-and-white defense company" that "engineers mini-tactical radars for active military protection, counter-drone applications, critical infrastructure protection, and border surveillance". It reported Sella as saying that "In Israel in particular, settlements around its borders need radars for sensing and to warn against enemy infiltrations", and that the company sells digital video recorders for F-16s and other fighter jets to the Israeli Air Force and to Lockheed Martin. RADA then employed 250 people in Israel, including staff at the Beersheba high-tech park and about 90 at its main production plant in Beit She'an, and had a subsidiary in Maryland with 80 employees.[3]
The 2021 annual report says that RADA sold "dozens of radars" to IMI for active-protection testing, and that "The first acquisition program was purchased by the IMOD in the end of 2019 to equip the Eitan fighting vehicle with the Iron Fist APS". It also says that Boeing bought RADA radars in 2017 "for integration into critical infrastructure surveillance solutions".[1] Ctech reported that RADA's radars are fitted to US Army tanks.[3]
Merger with Leonardo DRS
Leonardo DRS's filing with the US Securities and Exchange Commission says that on 28 November 2022 it "completed the previously announced acquisition of RADA Electronic Industries Ltd", under a merger agreement of 21 June 2022, "with RADA continuing as the surviving company of the Merger and as a wholly owned subsidiary of the Company".[2] Leonardo said that the all-stock merger left it with 80.5% of the combined company through its subsidiary Leonardo US Holding, with RADA's former shareholders owning the remaining 19.5%, and that the combined company would be listed on Nasdaq and the Tel Aviv Stock Exchange.[4]
See also
- Elbit Systems
- Israel Aerospace Industries
- Leonardo
- Cyber and tech firms founded by ex Unit 8200 or occupation forces veterans
External links
Notes
- ↑ 1.0 1.1 1.2 1.3 RADA Electronic Industries Ltd, Form 20-F annual report for 2021 US Securities and Exchange Commission, 24 March 2022, accessed 10 November 2026.
- ↑ 2.0 2.1 Leonardo DRS, Inc., Form 8-K current report US Securities and Exchange Commission, 28 November 2022, accessed 10 November 2026.
- ↑ 3.0 3.1 3.2 Yafit Ovadia, RADA's tactical radars are keeping forces safe from aerial threats Ctech, 8 April 2022, accessed 10 November 2026.
- ↑ Leonardo, Leonardo announces closing of merger between its US subsidiary Leonardo DRS and RADA Leonardo, 29 November 2022, accessed 10 November 2026.