- RADA Electronic Industries (NASDAQ:RADA) announces that in the H1 of January 2017 it received orders for avionics systems amounting to $1.3M.
- The orders were placed by its long-term local customers for avionics systems, the Israeli Air Force and Israel Aircraft Industries, and include advanced video/data recorders and head-up display cameras.
- Dov Sella, RADA’s CEO, commented: “These repeat orders demonstrate the strength and stability of our avionics business, while our radar business is growing steadily in volume and as a share of our total sales. We expect to maintain the momentum of sales from our avionics products for the coming years.”
- RADA's 2015 revenue was $14.9M, down from $22.5M in 2014.
- RADA is +3.3% to $1.27
- Source: Press Release