{"id":403500,"date":"2020-12-21T07:48:36","date_gmt":"2020-12-21T12:48:36","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=403500"},"modified":"2020-12-21T07:48:36","modified_gmt":"2020-12-21T12:48:36","slug":"rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/","title":{"rendered":"RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Expects Continued Strong Growth in Profitability<\/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. 21, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0<b>RADA Electronic Industries Ltd. <\/b>(NASDAQ: RADA)<b>\u00a0<\/b>today\u00a0provided its revenue guidance for 2021. Management expect full year 2021 revenue of over <span class=\"xn-money\">$120 million<\/span>, with sequential quarter on quarter revenue and profitability growth throughout the year. <\/p>\n<p>Guidance is based on the growing market acceptance of RADA&#8217;s tactical radars, the recent level of new and expected orders, as well as the backlog which RADA has started to build for 2021 and onwards. The majority of revenues in 2021 will be derived from RADA&#8217;s growth engine: multi-mission, software-defined tactical radar systems, especially in the US market. \u00a0<\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-person\">Dov Sella<\/span>, RADA&#8217;s CEO, commented<\/b>, &#8220;We continue to experience an unprecedented period of growth for our Company, driven by our new and growing market of tactical radars. The new orders received throughout the past year, along with our very healthy pipeline for our tactical radars&#8217; growth engine, give us excellent visibility into 2021 and strong confidence that our 60%+ revenue growth rate will continue. Furthermore, given our improving gross margins and operating expense structure, we expect to significantly improve our profitability.&#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\"><br \/>\n                  <a target=\"_blank\" href=\"mailto:mrkt@rada.com\" class=\"prnews_a\" rel=\"nofollow noopener noreferrer\">mrkt@rada.com<\/a><br \/>\n                <\/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=LN30477&amp;sd=2020-12-21\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million-301196740.html\">http:\/\/www.prnewswire.com\/news-releases\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million-301196740.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=LN30477&amp;Transmission_Id=202012210745PR_NEWS_USPR_____LN30477&amp;DateId=20201221\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Expects Continued Strong Growth in Profitability PR Newswire NETANYA, Israel, Dec. 21, 2020 \/PRNewswire\/ &#8212;\u00a0RADA Electronic Industries Ltd. (NASDAQ: RADA)\u00a0today\u00a0provided its revenue guidance for 2021. Management expect full year 2021 revenue of over $120 million, with sequential quarter on quarter revenue and profitability growth throughout the year. Guidance is based on the growing market acceptance of RADA&#8217;s tactical radars, the recent level of new and expected orders, as well as the backlog which RADA has started to build for 2021 and onwards. The majority of revenues in 2021 will be derived from RADA&#8217;s growth engine: multi-mission, software-defined tactical radar systems, especially in the US market. \u00a0 Dov Sella, RADA&#8217;s CEO, commented, &#8220;We continue to experience an unprecedented period of growth &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million&#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-403500","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 Expects 2021 Revenues to Grow by Over 60% to Above $120 million - 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-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Expects Continued Strong Growth in Profitability PR Newswire NETANYA, Israel, Dec. 21, 2020 \/PRNewswire\/ &#8212;\u00a0RADA Electronic Industries Ltd. (NASDAQ: RADA)\u00a0today\u00a0provided its revenue guidance for 2021. Management expect full year 2021 revenue of over $120 million, with sequential quarter on quarter revenue and profitability growth throughout the year. Guidance is based on the growing market acceptance of RADA&#8217;s tactical radars, the recent level of new and expected orders, as well as the backlog which RADA has started to build for 2021 and onwards. The majority of revenues in 2021 will be derived from RADA&#8217;s growth engine: multi-mission, software-defined tactical radar systems, especially in the US market. \u00a0 Dov Sella, RADA&#8217;s CEO, commented, &#8220;We continue to experience an unprecedented period of growth &hellip; Continue reading &quot;RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-21T12:48:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN30477&amp;sd=2020-12-21\" \/>\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=\"1 minute\" \/>\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-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million\",\"datePublished\":\"2020-12-21T12:48:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\\\/\"},\"wordCount\":274,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=LN30477&amp;sd=2020-12-21\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\\\/\",\"name\":\"RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million - 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(NASDAQ: RADA)\u00a0today\u00a0provided its revenue guidance for 2021. Management expect full year 2021 revenue of over $120 million, with sequential quarter on quarter revenue and profitability growth throughout the year. Guidance is based on the growing market acceptance of RADA&#8217;s tactical radars, the recent level of new and expected orders, as well as the backlog which RADA has started to build for 2021 and onwards. The majority of revenues in 2021 will be derived from RADA&#8217;s growth engine: multi-mission, software-defined tactical radar systems, especially in the US market. \u00a0 Dov Sella, RADA&#8217;s CEO, commented, &#8220;We continue to experience an unprecedented period of growth &hellip; Continue reading \"RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/","og_site_name":"Market Newsdesk","article_published_time":"2020-12-21T12:48:36+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN30477&amp;sd=2020-12-21","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million","datePublished":"2020-12-21T12:48:36+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/"},"wordCount":274,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=LN30477&amp;sd=2020-12-21","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-expects-2021-revenues-to-grow-by-over-60-to-above-120-million\/","name":"RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million - 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