RADA Electronic Industries Ltd., a defense technology company, develops, manufactures, markets, and sells defense electronics to various air forces and companies worldwide. It offers military avionic systems, including flight data recorders for fighter aircraft; digital video/audio/data recorders; high definition digital video/audio/data recording for fighter and trainer aircrafts; a range of head-up-displays color video cameras for fighter aircraft; and various ground debriefing solutions. The company also provides avionics solutions, such as mission data recorders and debriefing solutions and HUD video cameras; avionics for unmanned aircraft vehicles (UAVs) comprising interface control processors, engine control computers, payload management computers, and others; and inertial navigation systems for air and land applications. In addition, it offers land-based tactical radars for defense forces, critical infrastructure protection, border surveillance, active military protection, and counter-drone applications. RADA Electronic Industries Ltd. has strategic relationships with Embraer S.A.; Hindustan Aeronautics Ltd.; Israel Aerospace Industries Ltd.; Military Forces; Lockheed Martin Corporation; Rafael Advanced Defense Systems Ltd.; Elbit Systems Ltd.; Leonardo DRS; Anduril Industries Inc.; European Air Defense Integrators; Ascent Vision Technologies; and Boeing Defense, Space & Security. The company was founded in 1970 and is headquartered in Netanya, Israel.
IPO Year:
Exchange: NASDAQ
Website: rada.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2022 | $14.00 | Buy → Neutral | Alliance Global Partners |
Alliance Global Partners downgraded RADA Electronic Industries from Buy to Neutral and set a new price target of $14.00
Baird initiated coverage of Rada Electronics Industri with a rating of Outperform and set a new price target of $17.00
Robert W. Baird initiated coverage of RADA Electronic Industries with a rating of Outperform and set a new price target of $17.00
Jefferies Financial Group initiated coverage of RADA Electronic Industries with a rating of Buy and set a new price target of $16.00
Jefferies initiated coverage of RADA Electronic Industries with a rating of Buy and set a new price target of $16.00
Canaccord Genuity reiterated coverage of RADA Electronic Industries with a rating of Buy and set a new price target of $16.00 from $15.00 previously
Canaccord Genuity reiterated coverage of Rada Electronics Industri with a rating of Buy and set a new price target of $16.00 from $15.00 previously
Canaccord Genuity reiterated coverage of Rada Electronics Industri with a rating of Buy and set a new price target of $15.00 from $12.00 previously
Alliance Global Partners resumed coverage of RADA Electronic Industries with a rating of Buy and set a new price target of $19.00 from $14.00 previously
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Leonardo DRS, Inc. ("Leonardo DRS", or the "Company"), a leading mid-tier defense technology provider, today announced the successful completion of the all-stock merger between Leonardo DRS and RADA Electronic Industries Ltd. ("RADA") to become a combined public company (the "Combined Company"). As previously disclosed, RADA shareholders will retain 19.5% ownership in the Combined Company with Leonardo DRS's parent company, Leonardo S.p.A., (MIL: LDO), owning the remaining 80.5%. Leonardo DRS's stock will be listed on NASDAQ and the Tel Aviv Stock Exchange ("TASE") under the symbol "DRS" with RADA's existing stock symbol converting to the Leonardo DRS symbol effective at the opening of NASD
Leonardo DRS, Inc. ("DRS"), a leading mid-tier defense technology provider, today announced its upcoming participation in Baird's 2022 Annual Global Industrial Conference. Baird's 2022 Annual Industrial Conference is being held at the Ritz-Carlton Hotel in Chicago on November 8-10, 2022. The Company will be hosting one-on-one meetings with investors and management is scheduled to present on Thursday, November 10 at 1:00 p.m. Eastern Time. On October 19, 2022 shareholders of RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) ("RADA") voted to approve the proposed merger with DRS at an Extraordinary Meeting to become a combined public company (the "Combined Company"). Closing of the tran
Leonardo DRS, Inc. ("DRS"), a leading mid-tier defense technology provider, today announced that on October 24, 2022, DRS and RADA Electronic Industries Ltd. (NASDAQ & TASE: RADA) ("RADA") received regulatory approval from The Committee on Foreign Investment in the United States ("CFIUS"), representing one of the more important regulatory approvals required as a condition to close the previously announced merger of the two companies. With this key regulatory approval and the previously announced RADA shareholder approval, closing of the transaction is now expected to occur at the end of November or beginning of December, subject to remaining regulatory approvals. Upon closing of the merger
NETANYA, Israel, Oct. 19, 2022 (GLOBE NEWSWIRE) -- On October 19, 2022, RADA Electronic Industries Ltd. (the "Company") held an Extraordinary General Meeting of Shareholders (the "Meeting") at the Company's offices located at 7 Giborei Israel Street, Netanya, Israel. At the Meeting, the following resolutions were adopted as follows: The approval and adoption of the Agreement and Plan of Merger, dated as of June 21, 2022 (the "Merger Agreement"), by and among Leonardo DRS, Inc. ("DRS"), RADA and Blackstart Ltd, a company organized under the laws of the State of Israel and a wholly owned subsidiary of DRS ("Merger Sub"); (ii) the merger contemplated by the merger agreement (the "Merger
Leonardo DRS, Inc. ("DRS") announced today that it has received a contract to produce its next-generation thermal weapon sights for the U.S. Army. The firm-fixed-price contract from the U.S. Army Contracting Command is valued at $579 million over five years. The Leonardo DRS Electro-Optical Infrared Systems (EOIS) business will produce advanced Family of Weapons Sights – Individual (FWS-I) systems for its U.S. Army customer. Using DRS' uncooled thermal imaging technology, FWS-I is a stand-alone, clip-on weapon sight that connects wirelessly to helmet-mounted vision systems including the enhanced night vision goggle binoculars (ENVG-B) and the next-gen integrated visual augmentation system
Gabelli Funds, LLC, will host the 28th Annual Aerospace & Defense Symposium at the Harvard Club in New York City on Thursday, September 8, 2022. The Symposium begins at 8:00 AM and will be available virtually via webcast. This research meeting will feature presentations by senior management of leading aerospace and defense companies, with an emphasis on industry dynamics, new technologies, and company fundamentals. Agenda 7:50 am Opening remarks Tony Bancroft, Gabelli Funds Satellite Panel 8:00 Kleos Space (ASK: KSS) Andy Bowyer, CEO Spire Global Inc. (NYSE:SPIR) Theresa Condor, COO (Virtual) Terran Orbital Corpo
Leonardo DRS, Inc.(DRS) announced today that it has received contracts to provide its advanced thermal weapon sights for the Swedish Ministry of Defense (MOD). The firm-fixed-price contracts are worth approximately $50 million. The DRS Electro-Optical Infrared Systems (EOIS) business will provide more than 4,600 thermal weapon sights including Individual Weapon Sight (IWS) and Individual Weapon Sight- Long Range (IWSLR) variants. The DRS EOIS production team in Melbourne FL, delivered over 1100 weapons sights to the Swedish Ministry of Defense within 30 days of contract receipt. The IWS family provides the ability to acquire targets day or night and in smoke or fog and gives the operator
Leonardo DRS, Inc. ("DRS") announced today that it has successfully completed factory acceptance testing and shipment of the first production unit of the main propulsion motor for the U.S. Navy's new COLUMBIA Class submarine. The motor was recently shipped to General Dynamics Electric Boat (EB) for integration into the lead ship of the class. DRS was chosen by EB and the U.S. Navy to design and manufacture the major Columbia Electric Drive Propulsion system components including the main propulsion electric motor. All prototype components of this system successfully completed full power endurance and other testing at the Navy's land-based test facility in 2020, where operational testing con
NETANYA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ:RADA, TASE: RADA))) announced today its financial results for the three and six month periods ended June 30, 2022. Highlights of the second quarter of 2022 Quarterly revenues of $23.0 million;Gross margin of 35%;Previously announced merger with DRS proceeding as expected - merger expenses of $2.6 million incurred in the second quarter;Operating loss of $3.0 million;Net loss of $4.4 million;Adjusted EBITDA of $1.8 million representing margin of 7.7%;Quarter-end net cash position of $55.7 million. Management Comments Dov Sella, RADA's Chief Executive Officer commented, "As we announced a few weeks
NETANYA, Israel, Aug. 08, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA & TASE: RADA) announced that it would be releasing its financial results for the second quarter of 2022 on Wednesday, August 17, 2022. The Company will host a conference call on the same day, starting at 09:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US:1-888-723-3164at 9:00 am Eastern TimeIsrael:03-918-0610at 4:00 pm Israel TimeInternational:+972-3-918-
NETANYA, Israel, Jan. 11, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today that its Board of Directors has approved the submission of a listing application to have its ordinary shares dual-listed on the Tel Aviv Stock Exchange (“TASE”). Upon listing on the TASE the Company's ordinary shares will continue to trade as usual on NASDAQ and the Company will continue to comply with the reporting and disclosure requirements of the U.S. Securities and Exchanges Commission applicable to foreign private issuers. Yossi Ben Shalom, Chairman of the Board of Directors of RADA, stated: "We look forward to our listing on the Tel Aviv Stock Exchange, which we believe
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NETANYA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ:RADA, TASE: RADA))) announced today its financial results for the three and six month periods ended June 30, 2022. Highlights of the second quarter of 2022 Quarterly revenues of $23.0 million;Gross margin of 35%;Previously announced merger with DRS proceeding as expected - merger expenses of $2.6 million incurred in the second quarter;Operating loss of $3.0 million;Net loss of $4.4 million;Adjusted EBITDA of $1.8 million representing margin of 7.7%;Quarter-end net cash position of $55.7 million. Management Comments Dov Sella, RADA's Chief Executive Officer commented, "As we announced a few weeks
NETANYA, Israel, Aug. 08, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA & TASE: RADA) announced that it would be releasing its financial results for the second quarter of 2022 on Wednesday, August 17, 2022. The Company will host a conference call on the same day, starting at 09:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US:1-888-723-3164at 9:00 am Eastern TimeIsrael:03-918-0610at 4:00 pm Israel TimeInternational:+972-3-918-
All-stock merger combines Leonardo DRS, a leading U.S.-based mid-tier defense technology provider, and RADA Electronic Industries Ltd., a leading Israel-based provider of small-form tactical radars. RADA's advanced tactical radars improve Leonardo DRS's position as an air defense, counter-UAS and vehicle protection integrator, accelerating its transformation into a provider of integrated sensor systems and leader in advanced sensing and force protection markets.The Combined Company will be aligned with some of the fastest growing segments of the U.S. Department of Defense budget and positioned to pursue global opportunities through the worldwide presence of Leonardo DRS's parent company, Leo
All-stock merger combines Leonardo DRS, a leading U.S.-based mid-tier defense technology provider, and RADA Electronic Industries Ltd., a leading Israel-based provider of small-form tactical radars. RADA's advanced tactical radars improve Leonardo DRS's position as an air defense, counter-UAS and vehicle protection integrator, accelerating its transformation into a provider of integrated sensor systems and leader in advanced sensing and force protection markets. The Combined Company will be aligned with some of the fastest growing segments of the U.S. Department of Defense budget and positioned to pursue global opportunities through the worldwide presence of Leonardo DRS's parent com
NETANYA, Israel, May 10, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA & TASE: RADA) announced today its financial results for the quarter ended March 31, 2022. Highlights of the first quarter of 2022 The 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;Strong bookings of over $29 million, represents over-22% year-over-year growth in new business;Quarterly revenues amounted to $22.5 million;Net loss of $0.7 million compared with net income of $3.8 million in Q1 2021;Adjusted EBIDTA of $1.3 million;Qua
NETANYA, Israel, May 04, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA & TASE: RADA) announced that it would be releasing its financial results for the first quarter of 2022 on Tuesday, May 10, 2022. The Company will host a conference call on the same day, starting at 09:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US:1-888-723-3164at 9:00 am Eastern TimeIsrael:03-918-0610at 4:00 pm Israel TimeInternational:+972-3-918-0610
NETANYA, Israel, Feb. 09, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ:RADA, TASE: RADA))) announced today its financial results for the year and quarter ended December 31, 2021. Highlights of Full Year 2021 Record revenues of $117.2 million, up 54% year-over-year;Gross margin of 41% up from 37% in 2020;Net income of $25.1 million compared to $5.6 million net income in 2020;Adjusted EBITDA of $27.3 million (23% margin) compared to $9.7 million (13% margin) in 2020;Year-end net cash position of $78.8 million. Highlights of Q4 2021 Quarterly revenues of $31.8 million, up 36% year-over-year;Gross margin of 41%, up from 39% in Q4 of 2020;Net income of $4.9 million compa
NETANYA, Israel, Feb. 02, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ:RADA, TASE: RADA))) announced that it would be releasing its financial results for the fourth quarter and full year 2021 on Wednesday, February 9, 2022. The Company will host a conference call later that same day, starting at 9:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US:1-888-723-3164at 9:00 am Eastern TimeIsrael:03-918-0610at 4:00 pm Israel TimeInternati
NETANYA, Israel, Nov. 03, 2021 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ:RADA, TASE: RADA))) announced today its financial results for the three-month and nine-month periods ended September 30, 2021. Highlights of the third quarter of 2021 Quarterly revenues up 57% year-over-year and a sequential 13% increase to $32 millionStrong gross margin improvement to 41% compared with 38% in the year-ago quarterOperating profit more than tripled to $6.3 million compared with $2.0 million in the year-ago quarterNet income of $6.0 million, up 184% compared with $2.1 million in the year-ago quarterAdjusted EBITDA of $8.2 million, an increase of 162% compared to $3.1 million in t
NETANYA, Israel, Oct. 21, 2021 /PRNewswire/ -- RADA Electronic Industries Ltd. (NASDAQ:RADA) (TASE: RADA) announced that it would be releasing its financial results for the third quarter of 2021 on Wednesday, November 3, 2021. The Company will host a conference call later that same day, starting at 9:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after presenting the results. To participate, please call one of the following telephone numbers a few minutes before the start of the call: US: 1-888-723-3164 at 9:00 am Eastern Time Israel: 03-918-0610 at 3:00 pm Israel Time Internat