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RADA receives orders for avionics systems with a total value of $1.3M

Jan. 17, 2017 12:02 PM ETLeonardo DRS, Inc. (DRS) StockDRSBy: Eli Hoffmann, SA News Editor
  • 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

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