West Plains, MO. – A large employer of many within the listening area, Leonardo DRS, has closed a merger with another company, RADA Electronic Industries.
Several things will come about as a result of this merging, including stocks on Leonardo DRS now appearing on the NASDAQ, the online global marketplace for trading securities. This means Leonardo DRS will now be more economically considered on a global stage.
Shareholders with the previous company, RADA, will retain 19.5% ownership in the shares of the new combined company.
Leonardo DRS is well known in the area as being a manufacturer of parts and machines involving defense products for the US military, and allies world-wide. How this will impact the local branch facility remains to be seen.
