US-Israel Military Cooperation
RADA to be first Israeli defense co with US owners

The sale of the tactical radar developer means huge returns for its shareholders, and under foreign ownership, will set a precedent for other small Israeli defense companies.

For many years the controlling shareholder in Israeli tactical radar developer RADA Electronic Industries Ltd. (TASE: RADA; Nasdaq: RADA) was Yossi Ben-Shalom's DBSI. 

The Israeli private investment company bought control of RADA in 2016 for $4 million and in addition, over the years invested less than $13 million in the Netanya-based company. Today RADA announced it is merging with US company Leonardo DRS in a deal valuing the Israeli company at $775 million.

Source: Globes

# USA Israel Cooperation # Israeli Military Technology
Dalya Horowitz 14:12 24.06.2022
Not sure if I think American owned Israeli defense companies is the best for Israel. Depends on the owners point of view.
Henry Lee 12:27 24.06.2022
Hope to see more USA Israel Cooperation in years to come.
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