Leonardo DRS to De-list from Tel Aviv Stock Exchange

Leonardo DRS, Inc. has announced its intention to voluntarily remove its common stock from the Tel Aviv Stock Exchange (the "TASE").

In accordance with Israeli regulations, the delisting process for Leonardo DRS's common stock is anticipated to become effective three months after the Company's request to delist, which was submitted on September 27, 2023. During this transitional period, Leonardo DRS's common stock will remain available for trading on the TASE.

Importantly, the delisting in Israel will not impact Leonardo DRS's continued listing on Nasdaq, where it trades under the symbol "DRS." Shareholders with common stock currently traded on the TASE will have the option to transfer their holdings to Nasdaq. The Company will maintain its commitment to filing public reports and adhering to disclosure requirements in accordance with the regulations of the U.S. Securities and Exchange Commission and Nasdaq.

“At this time, we believe that it is in the best interest of our Company and its stockholders that we concentrate our market activity on a single exchange,” said Bill Lynn, Chairman and CEO of Leonardo DRS. “We are grateful to all of the investors who traded our common stock on the TASE and thank them for their ongoing support.”