DRS RADA Technologies Awarded Contract by Israeli Ministry of Defense to Supply Leading Tactical Radar Systems
ARLINGTON, Va., June 05, 2023--(BUSINESS WIRE)--Leonardo DRS, Inc. (Nasdaq and TASE: DRS) announced today that its DRS RADA Technologies business unit has been selected to provide the Israeli Ministry of Defense with advanced mobile radars providing additional capabilities to defend against a range of emerging regional threats.
The company will produce and deliver the radars to support existing Israeli Defense Force (IDF) air surveillance and early warning capabilities. These advanced systems are proven throughout the IDF and with allied military forces around the world.
"We are extremely proud to continue our support of the IDF by supplying these advanced, lifesaving capabilities," said Dubi Sella, senior vice president and general manager of the company’s DRS RADA Technologies business unit. "This award is yet another opportunity to take part in safeguarding our skies, communities and servicemen and women across Israel."
The company’s DRS RADA Technologies business unit (formerly known as "RADA") is a global leader in developing highly mobile tactical radar systems. They are widely used across the IDF, U.S. and allied militaries to protect vehicles and warfighters from a range of current and emerging aerial and land-based hostile fire threats. Missions for these systems include active protection systems; mobile short range air defense; counter-rocket, artillery, mortar; counter-UAS missions; critical infrastructure protection, and border surveillance.
The radars will be built in the business unit’s production site located in Beit Shean, Israel.
About Leonardo DRS
Headquartered in Arlington, VA, Leonardo DRS, Inc. is an innovative and agile provider of advanced defense technology to U.S. national security customers and allies around the world. We specialize in the design, development and manufacture of advanced sensing, network computing, force protection, and electric power and propulsion, and other leading mission-critical technologies. Our innovative people are leading the way in developing disruptive technologies for autonomous, dynamic, interconnected, and multi-domain capabilities to defend against new and emerging threats. For more information and to learn more about our full range of capabilities, visit www.LeonardoDRS.com.
Forward-Looking Statements
This communication contains statements that constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Those statements reflect current expectations, assumptions and estimates of future performance and economic conditions. The company cautions investors that any forward-looking statements which include contract values, contract performance and our development and production of products are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements.
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Contacts
Leonardo DRS Investor Relations Contact
Steve Vather
Vice President, Investor Relations and Corporate Finance
+1 703 409 2906
stephen.vather@drs.com
Leonardo DRS Media Contact
Michael Mount
Vice President, Communications and Public Affairs
+1 571 447 4624
mmount@drs.com
