{"id":473671,"date":"2021-04-08T09:11:45","date_gmt":"2021-04-08T13:11:45","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=473671"},"modified":"2021-04-08T09:11:45","modified_gmt":"2021-04-08T13:11:45","slug":"rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/","title":{"rendered":"RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021"},"content":{"rendered":"<h2>\nYear-over-year growth of 50% compared to the first quarter of 2020<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">NETANYA, Israel, April  08, 2021  (GLOBE NEWSWIRE) &#8212; <strong>RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) <\/strong>announced the receipt of $24 million of new orders in the first quarter of 2021, including $9 million in new orders during March 2021. This figure represents a growth of 50% in new orders during the first quarter when compared to the first quarter of 2020. The majority of these new orders will be delivered during 2021.<\/p>\n<p align=\"justify\">Of these new orders, approximately 90% were orders for RADA\u2019s software-defined tactical radars for counter UAV, short-range air defense (SHORAD) and counter fires (C-RAM), with 40% of the orders coming from the US market and 50% from the rest of the world. The remaining 10% were for RADA\u2019s legacy avionics systems production.<\/p>\n<p align=\"justify\">\n        <strong>Dov Sella, RADA\u2019s CEO, commented<\/strong>, \u201cThe 50% growth in new orders in the first quarter, when compared to last year, increases our confidence in our revenue guidance of over $120 million for 2021. We are particularly pleased with the flow of new orders coming from non-US markets. At the same time, we are satisfied with the continued stability in our legacy avionics business demonstrating an annual revenue rate of approximately $10 million.\u201d<\/p>\n<p>\n        <strong>About RADA<\/strong>\n      <\/p>\n<p align=\"justify\">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 critical infrastructure protection, border surveillance, active military protection and counter-drone applications.<\/p>\n<p>\n        <strong>Safe Harbor Statement<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements in this press release are &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements speak only as of the date of this press release and are subject to a number of risks, uncertainties and assumptions, including the risks and uncertainties associated with market conditions, as well as risks and uncertainties inherent in RADA\u2019s business, including, but not limited to, changes in general economic conditions, risks in product and technology developments, market acceptance of new products and continuing product demand, level of competition and other factors described in\u00a0RADA\u2019s Annual Report on Form 20-F for the year ended December 31, 2020, and other filings with the Securities and Exchange Commission. We undertake no obligation to update or revise any forward-looking statements for any reason.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"vertical-align: top\">Company Contact:<br \/>Avi Israel (CFO)<br \/>Tel: +972-76-5386200\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<br \/><a href=\"mailto:mrkt@rada.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">mrkt@rada.com<\/a><br \/><a href=\"http:\/\/www.rada.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.rada.com<\/a><\/td>\n<td style=\"vertical-align: top\">Investor Relations Contact:<br \/>GK Investor Relations<br \/>Ehud Helft<br \/>Tel: 1 646 201 9246<br \/><a href=\"mailto:rada@gkir.com\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">rada@gkir.com<\/a><\/td>\n<\/tr>\n<\/table>\n<p>\u00a0\u00a0<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzc0NSM0MTEyMDA4IzIwMjA1NDM=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/d6a6884b-44bc-4bf7-bbcc-b36a70cc204f\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Year-over-year growth of 50% compared to the first quarter of 2020 NETANYA, Israel, April 08, 2021 (GLOBE NEWSWIRE) &#8212; RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced the receipt of $24 million of new orders in the first quarter of 2021, including $9 million in new orders during March 2021. This figure represents a growth of 50% in new orders during the first quarter when compared to the first quarter of 2020. The majority of these new orders will be delivered during 2021. Of these new orders, approximately 90% were orders for RADA\u2019s software-defined tactical radars for counter UAV, short-range air defense (SHORAD) and counter fires (C-RAM), with 40% of the orders coming from the US market and 50% &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021&#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-473671","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021 - 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-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Year-over-year growth of 50% compared to the first quarter of 2020 NETANYA, Israel, April 08, 2021 (GLOBE NEWSWIRE) &#8212; RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced the receipt of $24 million of new orders in the first quarter of 2021, including $9 million in new orders during March 2021. This figure represents a growth of 50% in new orders during the first quarter when compared to the first quarter of 2020. The majority of these new orders will be delivered during 2021. Of these new orders, approximately 90% were orders for RADA\u2019s software-defined tactical radars for counter UAV, short-range air defense (SHORAD) and counter fires (C-RAM), with 40% of the orders coming from the US market and 50% &hellip; Continue reading &quot;RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-08T13:11:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzc0NSM0MTEyMDA4IzIwMjA1NDM=\" \/>\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-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021\",\"datePublished\":\"2021-04-08T13:11:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\\\/\"},\"wordCount\":414,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMzc0NSM0MTEyMDA4IzIwMjA1NDM=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\\\/\",\"name\":\"RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021 - 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(NASDAQ: RADA, TASE: RADA) announced the receipt of $24 million of new orders in the first quarter of 2021, including $9 million in new orders during March 2021. This figure represents a growth of 50% in new orders during the first quarter when compared to the first quarter of 2020. The majority of these new orders will be delivered during 2021. Of these new orders, approximately 90% were orders for RADA\u2019s software-defined tactical radars for counter UAV, short-range air defense (SHORAD) and counter fires (C-RAM), with 40% of the orders coming from the US market and 50% &hellip; Continue reading \"RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-08T13:11:45+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzc0NSM0MTEyMDA4IzIwMjA1NDM=","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-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021","datePublished":"2021-04-08T13:11:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/"},"wordCount":414,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMzc0NSM0MTEyMDA4IzIwMjA1NDM=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/rada-announces-a-total-of-24-million-in-new-orders-in-the-first-quarter-of-2021-after-receiving-9-million-of-new-orders-in-march-2021\/","name":"RADA Announces a Total of $24 Million in New Orders in the First Quarter of 2021 after Receiving $9 Million of New Orders in March 2021 - 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