Leonardo DRS Announces Upcoming Conference Participation

Rhea-AI Summary

Leonardo DRS, a defense technology leader, will participate in Baird’s 2022 Annual Global Industrial Conference from November 8-10, 2022, in Chicago. The company plans one-on-one investor meetings and a presentation on November 10 at 1:00 p.m. Eastern Time. Shareholders of RADA Electronic Industries approved a merger with DRS on October 19, 2022. The merger is anticipated to close by early December 2022, making RADA a wholly owned subsidiary of DRS, which will then trade under the symbol 'DRS' on NASDAQ and TASE.

ARLINGTON, Va.--(BUSINESS WIRE)-- 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 transaction is expected to occur at the end of November or beginning of December, subject to remaining regulatory approvals. Upon closing of the merger, RADA will become a wholly owned subsidiary of DRS, and DRS will trade on the NASDAQ and TASE under the symbol "DRS".

About Leonardo DRS

DRS is a defense solutions provider, a leading technology innovator, and supplier of integrated products, services and support to military forces, the intelligence community, and defense contractors worldwide. DRS is organized into Advanced Sensor and Computing and Integrated Mission Systems segments. Headquartered in Arlington, Virginia, Leonardo DRS is a wholly owned subsidiary of Leonardo S.p.A. See the full range of capabilities at www.LeonardoDRS.com and on Twitter @LeonardoDRSnews.

About RADA

RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems. The Company is a leader in mini-tactical radars, serving attractive, high-growth markets which include active military protection (SHORAD, C-RAM), counter-UAS missions, critical infrastructure protection and border surveillance.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221031005761/en/

DRS Investor Relations Contact

Cody Slach or Jeff Grampp, CFA

Gateway Group

+1 949 574 3860

DRS@GatewayIR.com

DRS Media Contact

Michael Mount

Vice President, Communications and Public Affairs

+1 571 447 4624

mmount@drs.com

Source: Leonardo DRS, Inc.

FAQ

What event will Leonardo DRS attend in November 2022?

Leonardo DRS will participate in Baird’s 2022 Annual Global Industrial Conference from November 8-10, 2022.

When is the RADA Electronic Industries and DRS merger expected to close?

The merger between RADA Electronic Industries and DRS is expected to close by early December 2022.

What will happen to RADA after the merger with DRS?

After the merger, RADA will become a wholly owned subsidiary of DRS and will no longer be a standalone company.

What stock symbol will DRS trade under after the merger with RADA?

After the merger, DRS will trade under the symbol 'DRS' on NASDAQ and TASE.

What is Leonardo DRS known for?

Leonardo DRS is known for being a defense solutions provider and technology innovator, supplying integrated products and services to military forces and defense contractors.