Benzinga | Apr 8, 2021 09:13AM EDT

RADA Says Received $24M New Orders In Q1

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's 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's legacy avionics systems production.