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RADA Announces $12 Million in New Orders

C-RAM, C-UAV, SHORAD and Avionics Solutions

RADA Electronic Industries announced on 13 November that it has received new orders aggregating $12 million in recent weeks.

Out of these, 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 defence (SHORAD) requirements. The majority of these orders were from new and strategic defence organisations – orders that represent initial orders with the potential for much greater follow-on procurement in the future. Portions of the orders were follow-ons from customers that placed initial orders earlier this year.

Almost $7 million consisted of follow-on orders for RADA’s legacy avionics – including avionics for UAVs, helicopters, digital video recorders – and ongoing maintenance orders for RADA’s wide installed base of core avionics for military platforms.

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 emphasise that the market for our tactical radars is new and very much in the emerging phase, and we are witnessing it gaining accelerated momentum. We do believe that our leadership in tactical radars for the manoeuvre force will provide us with its fruits in the near future,” commented company CEO, Dov Sella.   

 

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Publish date

11/13/2018

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