RADA receives $20 mil in new orders for tactical radars since mid-September 

The new orders since the start of the year have reached $79 million 

RADA receives $20 mil in new orders for tactical radars since mid-September 

Photo: RADA USA

Israel's RADA Electronic Industries, a manufacturer of tactical radars, announced Monday that it has received $20 million in accumulated new orders since middle of September 2020. To date, the aggregate amount of new orders since the beginning of the year has reached $79 million, compared to $41 million received over the same period in 2019, marking an increase of over-92% year-on-year.

According to the company, all of the new orders since mid-September are for software-defined tactical radars for the US market, demonstrating immediate needs for RADA's tactical radars in all of the relevant market segments that the radars are addressing: counter small unmanned aerial systems (C-sUAS), short range air defense (SHORAD), counter rockets, artillery and mortars (C-RAM), and vehicle protection solutions (VPS). Most of these new orders were said to be follow-ons from customers which placed initial orders earlier this year and moved to wider-scale orders after rigorous testing and evaluation.

Deliveries of these orders are planned for the first half of 2021.

Dov Sella, RADA's CEO, commented, "The level of new orders that we have experienced throughout 2020 makes us optimistic that our strong growth will continue into 2021. Our recent orders are starting to build a significant backlog for 2021, substantiate our growth expectations and demonstrate the transition of the market from the 'urgent need' to the 'growing' phase. While 2020 is not over yet, the current level of new orders this year already surpassed the level of the whole of 2019, which was $60 million. Furthermore, we are still expecting additional orders during the remainder of 2020, with emphasis on the US Army IM-SHORAD program, which was recently awarded to General Dynamics (GD) and is in process of reaching RADA as well. We reiterate our expectations of continued sequential quarterly growth and growing operating profit throughout the remainder of 2020 and also into 2021."

The capabilities of RADA's mini-tactical radars include counter-drone operations, active military protection, critical infrastructure protection and border surveillance.

In late September, as reported by Israel Defense, the US Army announced that it has given the green light for initial production of an Interim Maneuver Short-Range Air Defense (IM-SHORAD) system whose tracking systems are produced by RADA.

Photo: RADA