{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-22-017550","form_type":"8-K","ticker":"DRS","cik":"0001833756","company_name":"Leonardo DRS, Inc.","filed_at":"2022-06-21T23:59:59+00:00","discovered_at":"2026-05-14T18:04:02.701054+00:00","generated_at":"2026-06-25T00:33:42.011673+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Leonardo DRS to acquire RADA Electronic in all-stock merger; RADA holders to get 19.5% of combined entity","bullets":["All-stock merger: each RADA ordinary share exchanges for 1 share of Leonardo DRS common; pro forma ownership: Leonardo SpA 80.5%, RADA shareholders 19.5%.","RADA termination fee of $40M if it accepts superior proposal; DRS termination fee of $40M if Specified Transaction not completed by deadline.","Transaction expected to close by June 30, 2023, subject to RADA shareholder approval, regulatory approvals, and other conditions.","Combined company targets low teen Adjusted EBITDA CAGR from 2021 base of $305M; deal expected accretive to RADA EPS in year one.","RADA's tactical radars to enhance DRS's air defense and force protection offerings; combined company to trade on NASDAQ and TASE under 'DRS'."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-22-017550","json":"https://secwatch.observer/filing/0001628280-22-017550.json","markdown":"https://secwatch.observer/filing/0001628280-22-017550.md","text":"https://secwatch.observer/filing/0001628280-22-017550.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1833756/000162828022017550/0001628280-22-017550-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1833756/000162828022017550/drs-20220621.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-25T00:33:42.011673+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}