News RADA Receives First Breakthrough and Strateg
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Posted On: 09/09/2017 4:21:02 PM
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RADA Receives First Breakthrough and Strategic $8 Million Order for US Military
Netanya, Israel, August 16, 2017 - RADA Electronic Industries Ltd. (Nasdaq: RADA) today announced it has received a strategic first order for dozens of Multi-Mission Hemispheric Radars (MHR). The order is highly significant for RADA, totaling over $8 million and will be delivered during 2017.
The radars will be used by a key US military force, providing it with air surveillance with emphasis on counter-UAV with the most advanced on-the-move capabilities. The radars are expected to be fielded for operational use soon after delivery.
Dov Sella, RADA’s CEO, commented, "This is a true breakthrough and highly significant order for RADA. Furthermore, strategically, it is our first delivery to a key US military customer, with potential for further orders down the road. We have been awarded this order following long, demanding and detailed trials, as would be expected for a key defense application, proving the superiority of our radars in the increasingly important field of counter-UAV warfare.”
Mr. Sella continued, “While this initial win has a potential for additional orders with this particular force, we also see further potential with other US military forces. This program demonstrates the initial fruits of success of our strategy, focusing our technology on the US military and other world leading advanced defense forces, which are in need of tactical, on-the-move surveillance and protection solutions for the maneuver forces.”
https://www.rada.com/corp/news/220-pr-us-order-aug17.html
RADA Receives First Breakthrough and Strategic $8 Million Order for US Military
Netanya, Israel, August 16, 2017 - RADA Electronic Industries Ltd. (Nasdaq: RADA) today announced it has received a strategic first order for dozens of Multi-Mission Hemispheric Radars (MHR). The order is highly significant for RADA, totaling over $8 million and will be delivered during 2017.
The radars will be used by a key US military force, providing it with air surveillance with emphasis on counter-UAV with the most advanced on-the-move capabilities. The radars are expected to be fielded for operational use soon after delivery.
Dov Sella, RADA’s CEO, commented, "This is a true breakthrough and highly significant order for RADA. Furthermore, strategically, it is our first delivery to a key US military customer, with potential for further orders down the road. We have been awarded this order following long, demanding and detailed trials, as would be expected for a key defense application, proving the superiority of our radars in the increasingly important field of counter-UAV warfare.”
Mr. Sella continued, “While this initial win has a potential for additional orders with this particular force, we also see further potential with other US military forces. This program demonstrates the initial fruits of success of our strategy, focusing our technology on the US military and other world leading advanced defense forces, which are in need of tactical, on-the-move surveillance and protection solutions for the maneuver forces.”
https://www.rada.com/corp/news/220-pr-us-order-aug17.html
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