RADA receives $12 million in new orders
RADA Electronic Industries has announced that it has received more than $12 million in new orders.
The company has received orders worth $5 million for its software-defined radars for counter rocket artillery and mortar, counter UAS and short range air defence applications. A number of these orders were follow-ons from customers that placed initial orders earlier in 2018.
A further $7 million are follow-on orders for company’s legacy avionics, including avionics for UAS, helicopters, digital video recorders, and ongoing maintenance orders for RADA’s core avionics for military platforms.
Dov Sella, CEO, RADA, said: ‘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. Beyond this, our growth engine - the software defined radar business, is continuing to gain traction, with new strategic customers placing initial orders, representing great future potential.
‘Furthermore, we are increasingly seeing that our new customers from earlier in the year are beginning to place repeat 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.’
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