reports
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...
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 ...
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...
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...
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 ...
Leonardo DRS presentation - July 2022
Leonardo DRS presentation - July 2022 NETANYA, Israel, July 11, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: , TASE: RADA), a leading global provider of advanced software-defined tactical radars for the maneuver force, is releasing the current Leonardo DRS investor brief. 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...
Leonardo DRS and RADA Agree to All-Stock Merger, Combining Top Defense...
Leonardo DRS and RADA Agree to All-Stock Merger, Combining Top Defense Technology Companies into Leader in Advanced Sensing and Force Protection All-stock merger combines Leonardo DRS, a leading U.S.-based mid-tier defense technology provider, and RADA Electronic Industries Ltd., a leading Israel-based provider of small-form tactical radars. RADA’s advanced tactical radars improve Leonardo DRS’s position as an air defense, counter-UAS and vehicle protection integrator, accelerating its transformation into a provider of integrated sensor systems and leader in advanced sensing and force prote...
RADA Reports Q1 2022 Results & Reaffirms Full Year Guidance
RADA Reports Q1 2022 Results & Reaffirms Full Year Guidance In view of US market recovery after prolonged Continuing Resolution, RADA reaffirms its revenue guidance of $140 million in 2022 NETANYA, Israel, May 10, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA & TASE: RADA) announced today its financial results for the quarter ended March 31, 2022. Highlights of the first quarter of 2022 The financial results were significantly impacted by the over 5-month US budget delay and the Continuing Resolution (CR) with respect to government appropriations to fe...
RADA Schedules First Quarter 2022 Results Release & Conference Call on...
RADA Schedules First Quarter 2022 Results Release & Conference Call on Tuesday, May 10, 2022 RADA’s investor conference call to start at 9am ET NETANYA, Israel, May 04, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA & TASE: RADA) announced that it would be releasing its financial results for the first quarter of 2022 on Tuesday, May 10, 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...
RADA Reports over-$29 Million in New Business in Q1 of 2022
RADA Reports over-$29 Million in New Business in Q1 of 2022 Year-over-year growth of over-22% compared to the same period in 2021 NETANYA, Israel, April 18, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today the receipt of over-$29 million in new business in the first quarter of 2022. This represents over-22% year-over-year growth in new business, compared with the first quarter of last year. Out of these bookings, more than 95% are for RADA’s software-defined tactical radars to be used in Active Protection Systems (APS), counter UAV, ...
RADA Electronic Industries Announces Filing of 2021 Annual Report
RADA Electronic Industries Announces Filing of 2021 Annual Report NETANYA, Israel, March 24, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: ) today announced that it has filed its annual report containing audited consolidated financial statements for the year ended December 31, 2021 with the U.S. Securities and Exchange Commission. The annual report is available on the Company’s website (). Shareholders may receive a hard copy of the annual report free of charge upon request. About RADA RADA is a global defense technology company focused on proprietary radar solution...
RADA Ends 2021 with 54% Revenue Growth, Strong Profitability and Growi...
RADA Ends 2021 with 54% Revenue Growth, Strong Profitability and Growing Margins 2022 revenue guidance of $140 million and forecasts $250 million in organic revenue in 3-4 years NETANYA, Israel, Feb. 09, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today its financial results for the year and quarter ended December 31, 2021. Highlights of Full Year 2021 Record revenues of $117.2 million, up 54% year-over-year;Gross margin of 41% up from 37% in 2020;Net income of $25.1 million compared to $5.6 million net income in 2020;Adjusted EBITDA o...
RADA Schedules Fourth Quarter & Full Year 2021 Results Release & Confe...
RADA Schedules Fourth Quarter & Full Year 2021 Results Release & Conference Call on Wednesday, February 9, 2022 RADA’s investor conference call to start at 9am ET / 4pm Israel NETANYA, Israel, Feb. 02, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA & TASE: ) announced that it would be releasing its financial results for the fourth quarter and full year 2021 on Wednesday, February 9, 2022. The Company will host a conference call later that same day, starting at 9:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the ...
RADA Concludes Record 2021 with YoY Revenue Growth of 54% Strong Conti...
RADA Concludes Record 2021 with YoY Revenue Growth of 54% Strong Continued Growth Expected in 2022 RADA will host an Investor & Analyst Webinar on January 11, 2022 at 8:30am ET to discuss its outlook for 2022 and review its achievements in 2021 NETANYA, Israel, Jan. 06, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: , TASE: RADA), a leading global provider of advanced software-defined tactical radars for the maneuver force, announced today that its 2021 full year revenues amounted to a record $117 million, representing very strong year-over-year growth of 54%. The Co...
RADA Reports Adjusted EBITDA growth of 162% YoY Reaching $8.2 million ...
RADA Reports Adjusted EBITDA growth of 162% YoY Reaching $8.2 million in its Record Q3/2021 Results Revenues of $32 million, up 57% YoY and net income of $6 million, up 184% YoY NETANYA, Israel, Nov. 03, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today its financial results for the three-month and nine-month periods ended September 30, 2021. Highlights of the third quarter of 2021 Quarterly revenues up 57% year-over-year and a sequential 13% increase to $32 millionStrong gross margin improvement to 41% compared with 38% in the yea...
RADA Electronic Industries Ltd. Announces Departure of Mr. Haim Regev ...
RADA Electronic Industries Ltd. Announces Departure of Mr. Haim Regev as a Director NETANYA, Israel, Aug. 16, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA), a leading global provider of advanced software-defined tactical radars for the maneuver force (“RADA” or the “Company”), announced that it has been notified by Mr. Haim Regev that he is resigning as a member of the Board of Directors of the Company due to his nomination to serve as the Israeli Ambassador to the EU and the NATO forces effective August 15, 2021. Mr. Regev has served as a director of...
RADA and ADTL Sign MOU to Establish JV in India
RADA and ADTL Sign MOU to Establish JV in India NETANYA, Israel, Aug. 16, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA), a leading global provider of advanced software-defined tactical radars for the maneuver force (“RADA”), and Alpha Design Technologies Pvt. Ltd., (“ADTL”), a 1,200+ people-strong, professional R&D and Production Organization, focused on the Defense and Aerospace domain, have executed a Memorandum of Understanding to establish a Joint Venture to market, manufacture, sell and support RADA’s radars in India. Based on Indian defense doc...
RADA Reports Record Q2/2021 Results
RADA Reports Record Q2/2021 Results Revenues of $28.3 million, up 61% year-over-year and continued improvement in profitability NETANYA, Israel, Aug. 02, 2021 (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, 2021. Highlights of the second quarter of 2021 Quarterly revenues up 61% year-over-year and a 12% increase from the previous quarter to $28.3 millionGross margin improved to 40% compared with 36% in the year-ago quarterA $6.0 million deferred tax asset was recorde...
RADA Schedules Second Quarter 2021 Results Release & Conference Call o...
RADA Schedules Second Quarter 2021 Results Release & Conference Call on Monday, August 2, 2021 RADA’s investor conference call to start at 9am ET NETANYA, Israel, July 13, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: ) announced that it would be releasing its financial results for the second quarter of 2021 on Monday, August 2, 2021. The Company will host a conference call on the same day, starting at 9:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions afte...
RADA Reports $56 Million in New Orders in the First Half of 2021
RADA Reports $56 Million in New Orders in the First Half of 2021 Year-over-year growth of 37% compared to the first half of 2020; NETANYA, Israel, July 06, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today the receipt of $32 million of new orders in the second quarter of 2021. Including the previously reported $24 million in orders received during the first quarter of 2021, the total amount of new orders received in the first half of 2021 was $56 million. This represents a year-over-year growth of 37% in new orders during the first half ...
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