RADA Rada Electronic Industries

RADA Announces the First US Production at its US Facility

RADA Announces the First US Production at its US Facility

NETANYA, Israel, March 06, 2020 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: ), a leading global provider of advanced software-defined radars, today announced the manufacture of the first radar in its United States-based production line.

RADA’s US Headquarters and Manufacturing Facility are based in Germantown, Maryland. To mark this milestone, Maryland Congressman David Trone visited the facility, welcomed the new RADA US employees and celebrated the delivery of RADA’s first US-manufactured MHR radar to the US Marine Corps.

Dov Sella, RADA’s CEO, commented, “Our US subsidiary has enabled us to successfully Americanize and adapt our technologies for US military needs, bringing RADA a very significant market for our radar technologies. Our radar systems are already embedded in the US Army and US Marine Corps’ current SHORAD solutions, and we look forward to further empowering US defense agencies with our active protection solutions."

About RADA

RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems. The Company is a leader in mini-tactical radars, serving attractive, high-growth markets, including critical infrastructure protection, border surveillance, active military protection and counter-drone applications.

RADA USA’s air surveillance radars are the system of choice for current and emerging tactical Integrated Air & Missile Defense weapon systems, whether based on guns, missiles, directed energy, or other threat defeat technologies. Its tactical radar systems are ideal gap-fillers, complementing medium and long-range air surveillance systems. The radars can work in various installation methods depending on the mission: fixed or on-the-move onboard tactical land vehicles or aboard littoral combat and patrol ships.

Company Contact:

Avi Israel (CFO)

Tel:





Investor Relations Contact:

GK Investor Relations

Ehud Helft/Gavriel Frohwein

Tel: 1 646 688 3559



A photo accompanying this announcement is available at

EN
06/03/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Rada Electronic Industries

 PRESS RELEASE

RADA Electronic Industries Ltd. Announces Results of Extraordinary Mee...

RADA Electronic Industries Ltd. Announces Results of Extraordinary Meeting NETANYA, Israel, Oct. 19, 2022 (GLOBE NEWSWIRE) -- On October 19, 2022, RADA Electronic Industries Ltd. (the “Company”) held an Extraordinary General Meeting of Shareholders (the “Meeting”) at the Company’s offices located at 7 Giborei Israel Street, Netanya, Israel. At the Meeting, the following resolutions were adopted as follows: The approval and adoption of the Agreement and Plan of Merger, dated as of June 21, 2022 (the “Merger Agreement”), by and among Leonardo DRS, Inc. (“DRS”), RADA and Blackstart Ltd...

 PRESS RELEASE

RADA Reports Q2/2022 Results

RADA Reports Q2/2022 Results NETANYA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today its financial results for the three and six month periods ended June 30, 2022. Highlights of the second quarter of 2022 Quarterly revenues of $23.0 million;Gross margin of 35%;Previously announced merger with DRS proceeding as expected - merger expenses of $2.6 million incurred in the second quarter;Operating loss of $3.0 million;Net loss of $4.4 million;Adjusted EBITDA of $1.8 million representing margin of 7.7%;Quarter-end net cash ...

 PRESS RELEASE

RADA Schedules Second Quarter 2022 Results Release & Conference Call o...

RADA Schedules Second Quarter 2022 Results Release & Conference Call on Wednesday, August 17, 2022 Investor conference call to start at 9am ET NETANYA, Israel, Aug. 08, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: & TASE: RADA) announced that it would be releasing its financial results for the second quarter of 2022 on Wednesday, August 17, 2022. The Company will host a conference call on the same day, starting at 09:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions af...

 PRESS RELEASE

RADA reports Filing of a Form S-4 by Leonardo DRS, Inc.

RADA reports Filing of a Form S-4 by Leonardo DRS, Inc. NETANYA, Israel, Aug. 03, 2022 (GLOBE NEWSWIRE) -- On August 3, 2022, Leonardo DRS, Inc. (“DRS”) filed with the Securities and Exchange Commission (the “SEC”) a registration statement on Form S-4, which includes the preliminary proxy statement for the Extraordinary General Meeting of Shareholders (the “Meeting”) of RADA Electronic Industries Ltd. (“RADA”), relating to the approval of the Agreement and Plan of Merger, dated June 21, 2022, by and among DRS, RADA and Blackstart Ltd., a company organized under the laws of the State of Is...

 PRESS RELEASE

Leonardo DRS and RADA Announce Upcoming Conference Participation

Leonardo DRS and RADA Announce Upcoming Conference Participation NETANYA, Israel and ARLINGTON, Va., Aug. 01, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) (“RADA”), a leading global provider of advanced software-defined military tactical radars, together with Leonardo DRS, Inc. (“DRS”), a leading mid-tier defense technology provider, today announced its upcoming participation in the Jefferies 2022 Industrials Conference and the 42nd Annual Canaccord Genuity Growth Conference. Jefferies 2022 Industrials ConferenceThe Jefferies 2022 Industrials Conference ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch