DRS RADA Technologies News
34 articles
growth-positive
Leonardo and RADA complete merger to form new public company
Defence technology provider Leonardo DRS and RADA Electronic Industries have completed an all-stock merger to form a combined public entity. Leonardo DRS will own 80.5% of the new company, while RADAs shareholders will have a 19.5% ownership stake. The new company will be listed as DRS on NASDAQ and the Tel Aviv Stock Exchange. It will be aligned with fast-growing segments of the US Department of Defense and has expertise in electric power, propulsion, sensing, force protection, and network computing. The combined entity had a revenue of $2.7bn and adjusted EBITDA of $305m in 2021. The merger represents a positive growth impact for Leonardo DRS.
AcquisitionPublic Trading
growth-positive
Israeli radar maker RADA to be acquired by Leonardo in $670 million deal CTech
Leonardos U.S. electronics business DRS has agreed to acquire RADA Electronic Industries, an Israeli maker of tactical radar equipment, in an all-stock takeover deal worth approximately $670 million. RADA shareholders will then take a 19.5% stake in the combined business. The transaction is expected to close in the fourth quarter of this year, and DRS will be listed on the Nasdaq and Tel Aviv stock exchanges. RADA engineers mini-tactical radars for various military applications and has been dual listed on the Nasdaq and the TASE since last year.
Acquisition
growth-negative
RADA Reports Q1 2022 Results & Reaffirms Full Year Guidance
RADA Electronic Industries Ltd. has announced its financial results for Q1 2022. The companys financial results were significantly impacted by the over 5-month US budget delay and the Continuing Resolution (CR) with respect to government appropriations to federal agencies which ended March 11, 2022. RADAs revenues for the quarter amounted to $22.5 million, with a net loss of $0.7 million. Despite the challenges, the companys management reiterates its 2022 revenue guidance of over $140 million.
Customers
growth-positive
RADA Reports over-$29 Million in New Business in Q1 of 2022 - News Azi
RADA Electronic Industries Ltd. has announced receiving over $29 million in new business in the first quarter of 2022, representing over 22% year-over-year growth. The majority of the bookings are for RADAs software-defined tactical radars to be used in various defense applications. The US market accounted for 80% of the new orders. The companys CEO expects the delays caused by the Continuing Resolution in the US to be recorded over the remainder of 2022. RADA reiterates its revenue goal of over $140 million for 2022.
CustomersPartners
growth-positive
Israeli defense electronics co RADA could be up for sale
RADA Electronic Industries Ltd., an Israeli defense company, has seen its share price rise 2,500% over the past six years. Sources have revealed that the company may be up for sale after hiring an investment bank to explore its options. RADAs active chairman, Yossi Ben-Shalom, has not commented on the matter. The company has experienced strong revenue growth and has set a target of $250 million in annual revenue within the next three to four years. RADAs shares were dual listed on the Tel Aviv Stock Exchange, and its former controlling shareholder, DBSI, sold a stake worth almost $80 million. Institutional investors now hold major stakes in the company.
InvestmentAcquisition
growth-positive
RADA Forecasts Revenues of $140 Million for 2022 and Presents its Medium-Term Organic Revenue Goal of $250 Million
RADA Electronic Industries Ltd. conducted an investor and analyst webinar, highlighting its revenue guidance for 2022 and its long-term growth strategy. The company reported a successful year in 2021 with $117 million in revenue, reflecting 54% YoY growth. The revenue guidance for 2022 is $140 million, a 20% YoY increase. RADA aims to achieve over $250 million in organic revenue in 3-4 years, with M&A playing a role in its growth strategy. The company expects APS revenues to contribute significantly from 2023 onwards and aims to reach parity between non-U.S. and U.S. derived revenues by the end of 2024. The presentation material and webinar recording are available on RADAs investor relations website.
InvestmentExpand
growth-positive
RADA Receives $5 million in Initial Pre-Orders for its Advanced exMHR Radar Platform
RADA Electronic Industries has announced the receipt of production orders and commitments totaling $5 million for its new exMHR radar platform. The platform is currently in advanced integration and testing stages, with field tests and demonstrations scheduled for early 2022. Deliveries to customers will begin in mid-2022. The CEO of RADA, Dov Sella, expressed confidence in the product and the companys ability to meet market needs quickly. The exMHR radar platform is expected to significantly broaden RADAs Total Addressable Market (TAM) and become a major growth engine for the company.
CustomersExpand
growth-positive
RADA Reports Adjusted EBITDA growth of 162% YoY Reaching $8.2 million in its Record Q3/2021 Results
RADA Electronic Industries Ltd. has reported its financial results for Q3 2021, revealing a 57% YoY increase in revenues to $32 million and a 184% YoY increase in net income to $6 million. The companys operating profit more than tripled to $6.3 million compared to $2 million in Q3 2020. The companys CEO, Dov Sella, expressed satisfaction with the companys financial performance and growth, attributing it to consistent improvement in gross and operating margins. He also reiterated the companys expectation to surpass $120 million in revenue for 2021.
Customers
growth-positive
RADA Reports $24 Million in New Business in Q3 of 2021
RADA Electronic Industries Ltd. has announced the receipt of $24 million in new business in the third quarter of 2021, bringing the total amount of new business received in 2021 to $80 million. The new business is primarily for RADAs software-defined tactical radars to be used in Active Protection Systems (APS), counter UAV, and point defense solutions. The APS market segment, which accounts for slightly over half of the reported new business, is expected to contribute significantly to RADAs revenue in 2023 and onwards. The company expects its revenue for 2021 to exceed $120 million and anticipates continued growth momentum in 2022 and beyond. RADA is a global defense technology company focused on radar solutions and avionics systems.
CustomersPartners
growth-positive
RADA and ADTL Sign MOU to Establish JV in India
RADA Electronic Industries Ltd. has executed a Memorandum of Understanding with Alpha Design Technologies Pvt. Ltd. to establish a Joint Venture in India. The Joint Venture aims to market, manufacture, sell, and support RADAs radars in India. This move aligns with the Indian Governments Make in India policies and presents a strategic growth opportunity for RADA. The partnership will allow RADA to provide advanced, locally-adapted and produced tactical radars tailored to the unique requirements of the Indian Armed Forces. The radars will be used in various operational missions, including air defense, force protection, counter UAV, counter mortars, artillery and rockets, active protection of armored vehicles, and more. RADA plans to establish a substantial local presence in India and become a provider of cutting-edge technologies and solutions to the Indian Armed Forces.
PartnersCustomers
growth-positive
RADA's Network of C-RAM Radars Around the Gaza Strip is Saving Civilian and Military Lives
RADA Electronic Industries Ltd., a global defense technology company, continues its ongoing business unaffected by recent rocket attacks from Gaza on Israel. The companys radars, which were awarded by the Israel Defense Forces (IDF) in 2014, are in full operational use and have demonstrated their value in detecting and alerting short-range C-RAM threats. RADAs CEO emphasizes the importance of their radars in saving lives and protecting assets. The company has built enough inventory to mitigate potential delays in shipments to Israel. RADA specializes in proprietary radar solutions and serves markets such as critical infrastructure protection, border surveillance, and counter-drone applications.
Customers
growth-positive
מניית ראדא נוסקת בעקבות גידול של 50% בהזמנות
RADA Electronic Industries, a developer of tactical radars, reported a significant increase in orders, with 40% coming from the U.S. The company received orders totaling $24 million in Q1 2021, including $9 million in March alone. This represents a 50% increase compared to Q1 2020. The CEO expressed confidence in meeting the revenue target of $120 million for 2021. Following the announcement, RADAs stock surged, completing a 25% rise over the last week, bringing its market valuation to $672 million.
Customers
growth-positive
ראדא השקיעה 3 מיליון דולר ביצרנית מכ"ם לרכב - Techtime - חדשות אלקטרוניקה והייטק
RADA, a company that provides tactical military radar systems, has invested $3 million in RadSee, a company that develops automotive radar for Advanced Driver Assistance Systems (ADAS) and autonomous driving. The investment gives RADA a 12% stake in RadSee, based on a company valuation of $25 million. RADA also has the option to increase its holdings in RadSee in the future. RadSees technology could potentially be used in the military sector, and RADA sees significant potential for synergy between the two companies.
InvestmentExpand
growth-positive
RADA Joins TASE's Dual Listed Companies
RADA Electronic Industries Ltd., a global defense technology company, is set to start trading on The Tel Aviv Stock Exchange (TASE) in addition to its current listing on NASDAQ. The companys shares will be traded on TASE starting on February 2, 2021. This dual listing will increase the exposure of Israeli capital market investors to the company and allow them to benefit from its expected growth and value creation. RADA is a leader in mini-tactical radars and offers solutions for critical infrastructure protection, border surveillance, active military protection, and counter-drone applications. The companys market cap is over NIS 1.4 billion, and it is expected to join several leading indexes of TASE in early April 2021.
Public Trading
growth-positive
RADA Announces its Plans to Dual-List its Ordinary Shares on the Tel Aviv Stock Exchange
RADA Electronic Industries Ltd. has announced its plans to have its ordinary shares dual-listed on the Tel Aviv Stock Exchange (TASE) in addition to its current listing on NASDAQ. The company believes that the dual-listing will broaden its investor base and attract increased interest and investment from Israeli institutions. RADA is a global defense technology company specializing in proprietary radar solutions and legacy avionics systems. It is a leader in mini-tactical radars and serves markets such as active military protection, counter-UAS, critical infrastructure protection, and border surveillance. The dual-listing on TASE will provide Israeli investors with an attractive investment and growth opportunity in RADA. The company will continue to comply with the reporting and disclosure requirements of the U.S. Securities and Exchange Commission applicable to foreign private issuers.
Public Trading
growth-positive
DBSI sells 9% stake in RADA to Israeli institutions
DBSI Investments has sold 3.9 million shares (a 9% stake) in RADA Electronic Industries Ltd. for $35 million, resulting in a 7% stake in the company. DBSI acquired its stake in RADA in 2016 and has seen the share price rise tenfold since then. RADA recently announced that it expects full-year 2021 revenue of over $120 million, surpassing analysts estimates and showing significant growth compared to 2019 revenue. DBSI remains committed to its holdings in RADA and believes in the potential for long-term value creation.
Investment
growth-positive
RADA Expects 2021 Revenues to Grow by Over 60% to Above $120 million
RADA Electronic Industries Ltd. has provided its revenue guidance for 2021, expecting full year revenue of over $120 million with sequential quarter on quarter growth. The majority of revenues will come from the companys multi-mission, software-defined tactical radar systems, particularly in the US market. The CEO expressed confidence in the companys growth rate and profitability improvement, citing new orders and a healthy pipeline. RADA is a global defense technology company focused on radar solutions and avionics systems.
CustomersInvestment
growth-positive
RADA Announces a Record $102 million in New Orders for 2020
RADA Electronic Industries Ltd. has announced the receipt of $23 million in accumulated new orders for the months of November and December 2020, bringing the total new orders received in 2020 to a record level of $102 million. The majority of these new orders are for RADAs software-defined tactical radars and include initial serial production orders for two major future-growth programs. These programs involve cooperation with partners such as Leonardo DRS and Elbit/IMI. The strong increase in new orders reflects the growth of the tactical radars market, positioning RADA for continued accelerated growth in 2021 and beyond.
CustomersPartners
https://finance.yahoo.com/news/rada-reports-q3-2020-results-112600216.html
growth-positive
כוחות הביטחון האמריקניים רכשו יותר מכ"מים - הכנסות ראדא זינקו ב-80%
Israeli electronics company, RADA, reported its financial results for Q3 2020, showing an increase in revenue and profit that exceeded market expectations. The companys revenue stood at $20.4 million, an increase of 80.5% compared to Q3 2019. The growth in revenue is attributed to the increase in equipping all branches of security and the military in the US with defense equipment, including systems produced by the company. Following the improvement in results, the company raised its annual revenue forecast for 2020 to $75 million, reflecting an annual growth rate of 70%. RADA is traded on the NASDAQ US stock exchange with a value of $327.15 million.
Customers
growth-positive
RADA Announces $20 Million in New Orders since mid-September 2020
RADA Electronic Industries Ltd. has announced the receipt of $20 million in new orders since mid-September 2020, bringing the total new orders for 2020 to $79 million. This represents an increase of over 92% compared to the same period in 2019. The new orders are for software-defined tactical radars for the US market, specifically addressing counter small unmanned aerial systems, short-range air defense, counter rockets, artillery and mortars, and vehicle protection solutions. Most of the orders are follow-ons from customers who have previously placed initial orders and have now moved to wider-scale orders after testing and evaluation. The deliveries of these orders are planned for the first half of 2021. RADAs CEO is optimistic about the companys growth prospects and expects continued sequential quarterly growth and growing operating profit throughout 2020 and into 2021.
Customers
growth-positive
RADA Announces $10 Million in New Orders since mid-July 2020
RADA Electronic Industries Ltd. has announced the receipt of $10 million in new orders since mid-July 2020, bringing the total new orders for 2020 to $59 million. This represents a year-over-year increase of over 68%. The majority of the new orders were for RADAs software-defined tactical radars, with the rest being for digital video recorders, debriefing stations, and maintenance orders for avionics. RADA expects its revenues for 2020 to exceed $70 million, a year-over-year increase of over 58%. The CEO of RADA expressed satisfaction with the continuous growth of new orders and expects significant backlog for 2021. The company is a global defense technology company focused on radar solutions and avionics systems.
Customers
growth-positive
ראדא מקימה מרכז פיתוח בבאר שבע - Chiportal
Israeli company ראדא, traded on NASDAQ, has established a development center in the Gav-Yam Negev Hi-Tech Park in Beer Sheva. This is the companys second development center, with the first one located in Netanya. ראדא continues to recruit development engineers, with a focus on AI and algorithmic challenges, as well as software development for tactical missiles. The Gav-Yam Negev Hi-Tech Park offers a complete ecosystem of companies operating in the park, including leading tech companies like WIX, IBM, Dell, and more. ראדא joins these companies and benefits from the collaboration opportunities and access to quality human resources in the area.
Expand
growth-positive
https://www.israeldefense.co.il/en/node/44196
RADA Electronic Industries has received $8 million in new orders since June 1, contributing to a total of $49 million in new orders for 2020. The majority of the orders are for RADAs software-defined tactical radars for counter UAV and counter rocket operations. The company expects revenues to grow over 47% year-on-year, reaching over $65 million in 2020. Despite the COVID-19 crisis, RADA remains optimistic about its expectations for the year. The orders for avionics highlight the stability of this business segment, which generates approximately $10 million in annual revenues. RADA is a global defense technology company specializing in radar solutions and avionics systems.
Customers
growth-positive
RADA's Radars in the Heart of "Interim C-sUAS Capability" Selected by the US Army
RADA Electronic Industries announced that its tactical radars have been incorporated into Counter-Small Unmanned Aircraft Systems (C-sUAS) capabilities selected by the US Army. The radars are part of the mounted/mobile system and recommended fixed solutions. RADAs CEO believes that this selection will increase their market share in the near term. The companys subsidiary, RADA USA, will manufacture and fulfill the US demand for the radars.
PartnersCustomers
growth-positive
RADA Announces the First US Production at its US Facility
RADA Electronic Industries has announced the manufacture of the first radar in its US-based production line. The companys US subsidiary has allowed it to adapt its technologies for US military needs, opening up a significant market for its radar technologies. The radar systems are already embedded in the US Army and US Marine Corps current solutions, and RADA looks forward to further empowering US defense agencies with its active protection solutions. The announcement was marked by a visit from Maryland Congressman David Trone to RADAs US Headquarters and Manufacturing Facility in Germantown, Maryland.
CustomersPartners
growth-positive
RADA raising $20.3m after share price soars
RADA Electronic Industries, a defense company that manufactures tactical radar systems, has announced a fundraising measure to raise money on the basis of its existing shelf prospectus. The company issued 4.2 million new shares at a discounted price, guaranteeing itself $20.3 million. The underwriters have the option to buy more shares, potentially increasing the gross proceeds to $25.3 million. The funds will be used for general business needs. Following the offering, RADAs share price receded but is still higher than the offering price. The largest shareholders holding will decrease after the financing round. RADA expects over 50% growth in revenue for 2020.
Investment
growth-positive
RADA Electronic announces $12.5M in new orders (NASDAQ:RADA)
RADA Electronic received $12.5M in new orders during October and November 2019, with over 90% of the orders for their growth engine: multi-mission, software-defined tactical radar systems. The CEO expects significant growth levels in 2020.
Customers
growth-positive
RADA Officially Opens its US Headquarters and Manufacturing Facility in Germantown, Maryland
RADA Electronic Industries Ltd. has announced the grand opening of its new US headquarters and manufacturing facility in Germantown, Maryland. The companys air surveillance radars are in demand for integrated tactical air and missile defense weapon systems. The new facility will allow RADA to better support its core customer base of US military and civilian agencies and further grow in the global defense market. The companys radar systems are already embedded in the US Army and US Marine Corps current solutions. RADA is a global defense technology company focused on proprietary radar solutions and legacy avionics systems.
CustomersPartners
growth-positive
RADA Electronic Industries Announces Third Quarter 2019 Results
RADA Electronic Industries Ltd. announced its financial results for Q3 2019, reporting strong revenue growth to $11.3 million, up 60% year-over-year. The company expects full year revenues to exceed $43 million, a company record. The companys ongoing investments in R&D and in its US presence are yielding significant results. The company also reported net cash of $16.7 million as of September 30. The companys CEO, Dov Sella, expressed satisfaction with the companys performance and optimism for the future, particularly in the market for tactical radars.
CustomersInvestment
RADA Announces $8 Million in New Orders
growth-positive
RADA raises $10m from Israeli institutions
RADA Electronic Industries Ltd. has raised $10 million from Israeli institutional investors. The defense electronics company accepted purchase offers from several investors to purchase 4,604,500 ordinary shares for $2.15 per share. RADA specializes in developing, manufacturing, and marketing tactical land radars for force and border protection and avionics systems. They recently received an $8 million order for Multi-Mission Hemispheric Radars (MHR) for the US military. RADAs revenue in 2016 was $12.8 million, with $10 million in the first half of 2017.
Investment
N/A
RADA Expects Significant Growth in Sales of Tactical Radars for Active Protection Systems - Israel Electronics News
The article discusses the data collection practices of Techtime, including the collection of personal data such as email addresses and names. The company collects data for business purposes such as enhancing user experience, digital marketing, and search engine optimization. Techtime ensures that all forms on their website comply with GDPR requirements and include consent checkboxes. They use Mailchimp to collect email addresses and send marketing materials to customers. The company also uses various cloud platforms and third-party providers for website operation. Techtime retains user data indefinitely for comments and allows users to request access to their personal data or request anonymization. They have security measures in place to protect data and have procedures for handling data breaches. The article emphasizes the companys compliance with GDPR and privacy protection measures.
growth-positive
News
Minuteman Review has acquired Your Defence News, a website known for breaking news stories and investigative journalism. This acquisition allows Minuteman Review to combine teams and resources with Your Defence News, positioning them at the forefront of firearms and defence news. The article mentions that big things are coming soon, indicating potential growth opportunities for the company. The key theme of the article is the acquisition of Your Defence News. The structured issue is related to partners, as Minuteman Review has acquired a new partner. The date of the event described in the article is not provided. The confidence level of the answer is 8.
Partners
