{"id":402727,"date":"2020-12-18T08:06:41","date_gmt":"2020-12-18T13:06:41","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=402727"},"modified":"2020-12-18T08:06:41","modified_gmt":"2020-12-18T13:06:41","slug":"rada-announces-a-record-102-million-in-new-orders-for-2020","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/","title":{"rendered":"RADA Announces a Record $102 million in New Orders for 2020"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Received $23 million in new orders during November and December 2020<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>NETANYA, <span class=\"xn-location\">Israel<\/span>, <span class=\"xn-chron\">Dec. 18, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<b>RADA Electronic Industries Ltd. <\/b>(NASDAQ: RADA) today\u00a0announced the receipt of <span class=\"xn-money\">$23 million<\/span> in accumulated new orders for the months of November and <span class=\"xn-chron\">December 2020<\/span>, to-date. The aggregate total of new orders received during 2020 is at a record level of <span class=\"xn-money\">$102 million<\/span>, showing year-over-year growth of 70%, when compared with the <span class=\"xn-money\">$60 million<\/span> received over the full year 2019.<\/p>\n<p>The vast majority of these recent <span class=\"xn-money\">$23 million<\/span> in new orders, is for RADA&#8217;s software-defined tactical radars. <\/p>\n<p>The new orders incorporate the initial serial production orders for two of RADA&#8217;s major future-growth programs: <\/p>\n<ul type=\"disc\">\n<li>\n          <b>The IM-SHORAD Stryker for the US Army<\/b>, performed in cooperation with Leonardo DRS. General Dynamics Land Systems (GDLS), the Stryker vehicle manufacturer which received a <span class=\"xn-money\">$1.2 billion<\/span> contract from the US Army in <span class=\"xn-chron\">October 2020<\/span>, recently awarded DRS with an initial order for 28 mission equipment packages for this program, out of a potential of 144 systems in total. RADA&#8217;s current order from DRS is for the production of over 110 MHR radars. Further production orders under this program are expected to be received during 2021. <\/li>\n<li>\n          <b>Elbit\/IMI &#8220;Iron Fist&#8221; active protection system (APS)<\/b>, where RADA is the supplier of the CHR search-and-track radar. The initial order is for 200 radars, while further and larger orders are expected in 2021 and mainly in 2022. Future programs targeted to be equipped with Iron Fist, among others include the Bradley AFV with the potential of over 150 vehicles (implying over 600 radars).<\/li>\n<\/ul>\n<p>While majority of orders for RADA&#8217;s tactical radars in recent years were for urgent-need programs, these new initial serial production orders are starting to build backlogs for RADA for 2021 and onwards.<\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Dov Sella<\/span>, RADA&#8217;s CEO, commented<\/b>, &#8220;The very strong 70% increase in our new orders reflects the growth of this new emerging market of tactical radars for the maneuver force, where we play a leading role. It ensures that accelerated growth for RADA will continue into 2021 and for the foreseeable future.&#8221; <\/p>\n<p>\n        <b>About RADA<\/b>\n      <\/p>\n<p>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 counter-drone applications, active military protection, critical infrastructure protection and border surveillance. <\/p>\n<p>\u00a0<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Company Contact:<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Avi Israel (CFO)<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Tel: +972-765-386-200\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">mrkt@rada.com<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"http:\/\/www.rada.com\/\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">www.rada.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Investor Relations Contact:<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">GK Investor Relations<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Ehud Helft<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Tel: 1 646 201 9246<\/span>\n              <\/p>\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:ehud@gkir.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">rada@gkir.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN29293&amp;sd=2020-12-18\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/rada-announces-a-record-102-million-in-new-orders-for-2020-301195981.html\">http:\/\/www.prnewswire.com\/news-releases\/rada-announces-a-record-102-million-in-new-orders-for-2020-301195981.html<\/a><\/p>\n<p>SOURCE  RADA<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LN29293&amp;Transmission_Id=202012180803PR_NEWS_USPR_____LN29293&amp;DateId=20201218\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Received $23 million in new orders during November and December 2020 PR Newswire NETANYA, Israel, Dec. 18, 2020 \/PRNewswire\/ &#8212;\u00a0RADA Electronic Industries Ltd. (NASDAQ: RADA) today\u00a0announced the receipt of $23 million in accumulated new orders for the months of November and December 2020, to-date. The aggregate total of new orders received during 2020 is at a record level of $102 million, showing year-over-year growth of 70%, when compared with the $60 million received over the full year 2019. The vast majority of these recent $23 million in new orders, is for RADA&#8217;s software-defined tactical radars. The new orders incorporate the initial serial production orders for two of RADA&#8217;s major future-growth programs: The IM-SHORAD Stryker for the US Army, performed in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RADA Announces a Record $102 million in New Orders for 2020&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-402727","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RADA Announces a Record $102 million in New Orders for 2020 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RADA Announces a Record $102 million in New Orders for 2020 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Received $23 million in new orders during November and December 2020 PR Newswire NETANYA, Israel, Dec. 18, 2020 \/PRNewswire\/ &#8212;\u00a0RADA Electronic Industries Ltd. (NASDAQ: RADA) today\u00a0announced the receipt of $23 million in accumulated new orders for the months of November and December 2020, to-date. The aggregate total of new orders received during 2020 is at a record level of $102 million, showing year-over-year growth of 70%, when compared with the $60 million received over the full year 2019. The vast majority of these recent $23 million in new orders, is for RADA&#8217;s software-defined tactical radars. The new orders incorporate the initial serial production orders for two of RADA&#8217;s major future-growth programs: The IM-SHORAD Stryker for the US Army, performed in &hellip; Continue reading &quot;RADA Announces a Record $102 million in New Orders for 2020&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-18T13:06:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN29293&amp;sd=2020-12-18\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-record-102-million-in-new-orders-for-2020\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-record-102-million-in-new-orders-for-2020\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RADA Announces a Record $102 million in New Orders for 2020\",\"datePublished\":\"2020-12-18T13:06:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-record-102-million-in-new-orders-for-2020\\\/\"},\"wordCount\":412,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-record-102-million-in-new-orders-for-2020\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=LN29293&amp;sd=2020-12-18\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-record-102-million-in-new-orders-for-2020\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-record-102-million-in-new-orders-for-2020\\\/\",\"name\":\"RADA Announces a Record $102 million in New Orders for 2020 - 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(NASDAQ: RADA) today\u00a0announced the receipt of $23 million in accumulated new orders for the months of November and December 2020, to-date. The aggregate total of new orders received during 2020 is at a record level of $102 million, showing year-over-year growth of 70%, when compared with the $60 million received over the full year 2019. The vast majority of these recent $23 million in new orders, is for RADA&#8217;s software-defined tactical radars. The new orders incorporate the initial serial production orders for two of RADA&#8217;s major future-growth programs: The IM-SHORAD Stryker for the US Army, performed in &hellip; Continue reading \"RADA Announces a Record $102 million in New Orders for 2020\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-18T13:06:41+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN29293&amp;sd=2020-12-18","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RADA Announces a Record $102 million in New Orders for 2020","datePublished":"2020-12-18T13:06:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/"},"wordCount":412,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN29293&amp;sd=2020-12-18","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-record-102-million-in-new-orders-for-2020\/","name":"RADA Announces a Record $102 million in New Orders for 2020 - 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