RADA receives $6 million in new orders
RADA Electronic Industries has received new orders totalling more than $6 million from new and existing customers, the company announced on 8 April.
The orders included $5 million from defence customers for the company's software-defined active electronically scanned array radars for counter UAS solutions.
The remaining $1 million are follow-on orders for the company’s legacy avionics, including digital video recorders and ongoing maintenance orders for its wide installment base of core avionics for military airborne platforms.
Dov Sella, CEO, RADA, said: ‘To date, we have seen good momentum of new orders, especially for our tactical radars business. RADA is currently in a strong growth phase. These orders substantiate and make us confident with our forecast of over $40 million in revenues for 2019, implying growth of over 40% year-over-year.’
Deliveries of these orders will take place during 2019.
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