RADA Announces $4 Million In Radar Orders

RADA Electronic Industries Ltd. has announced the receipt of $4 million in radar orders in the second quarter, including new sales penetrations of highly strategic defence customers.

Press Release, Netanya, Israel: The orders were for RADA’s software-defined radars which will be used in today’s most advanced defence applications. These include active protection systems (APS) for armoured vehicles, counter rocket artillery and mortar (C-RAM), counter UAV and short range air defence (SHORAD).

 

A third of these orders were follow-on-sales from existing customers and the remainder was from new and highly strategic customers. These new customers are leading defence organisations and represent initial sales from which RADA expects further follow-on orders in the future.

 

Dov Sella, RADA’s CEO, commented, “Our leading radar technologies are gaining increased traction and these recent orders are the initial fruits of our newly established presence in the United States along with our global business development efforts. We expect the sales of our radars to accelerate in the coming quarters as the market becomes increasingly aware of the benefits of our products in providing solutions for emerging needs.”