RADA Announces $12 Million in New Orders
The majority of the orders were from new and strategic defense organizations, the company says
IsraelDefense
| 13/11/2018
https://youtu.be/3xr6X0seBJ0
RADA Electronic Industries announced the receipt of over $12 million in new orders, in recent weeks. Over $5 million were orders for RADA’s software-defined radars for counter rocket artillery and mortar (C-RAM), counter-UAV and short-range air defense (SHORAD).
The majority of the orders were from new and strategic defense organizations. Almost $7 million out of the $12 million were follow-on orders for RADA’s legacy avionics, including avionics for UAVs, helicopters, digital video recorders, and ongoing maintenance orders for RADA’s wide installment base of core avionics for military platforms.
Dov Sella, RADA’s CEO, commented, "As these orders demonstrate, our avionics business remains strong, stable and income generating; these new orders give us the confidence that this line of business will continue to stay at these solid levels for the coming years. Our growth engine – the software-defined radar business, is continuing to gain traction, with new strategic customers placing initial orders, representing great future potential.
“We are increasingly seeing that our new customers from earlier in the year are beginning to place follow-on orders. I again emphasize that the market for our tactical radars is new and very much in the emerging phase, and we are witnessing it gaining accelerated momentum.”
The majority of the orders were from new and strategic defense organizations, the company says
https://youtu.be/3xr6X0seBJ0
RADA Electronic Industries announced the receipt of over $12 million in new orders, in recent weeks. Over $5 million were orders for RADA’s software-defined radars for counter rocket artillery and mortar (C-RAM), counter-UAV and short-range air defense (SHORAD).
The majority of the orders were from new and strategic defense organizations. Almost $7 million out of the $12 million were follow-on orders for RADA’s legacy avionics, including avionics for UAVs, helicopters, digital video recorders, and ongoing maintenance orders for RADA’s wide installment base of core avionics for military platforms.
Dov Sella, RADA’s CEO, commented, "As these orders demonstrate, our avionics business remains strong, stable and income generating; these new orders give us the confidence that this line of business will continue to stay at these solid levels for the coming years. Our growth engine – the software-defined radar business, is continuing to gain traction, with new strategic customers placing initial orders, representing great future potential.
“We are increasingly seeing that our new customers from earlier in the year are beginning to place follow-on orders. I again emphasize that the market for our tactical radars is new and very much in the emerging phase, and we are witnessing it gaining accelerated momentum.”
