rada electronic inds ltd (RADA) Key Developments
Lockheed Martin Space Systems Company Selects RADA Electronic Industries Ltd
Mar 23 15
RADA Electronic Industries Ltd. announced the selection by Lockheed Martin Space Systems Company of its Multi-Mission Hemispheric Radar (MHR) to support internally funded high energy laser weapon system prototype testing. The radar will be used by Lockheed Martin in combination with other sensors.
RADA Electronic Industries Ltd. Proposes Amendments to Memorandum and Articles of Association
Mar 12 15
RADA Electronic Industries Ltd. proposed the approval of the increase of authorized share capital by ILS 200,000, such that following the increase, the authorized share capital shall equal ILS 450,000 divided into 30,000,000 ordinary shares, par value ILS 0.015 each, and approval of related amendments to Memorandum and Articles of Association at its EGM to be held on April 16, 2015.
MOD Selects RADA's Tactical Radars for its National Alert System
Dec 4 14
RADA Electronic Industries Ltd. announced the selection of its MHR-based tactical radars by a leading MOD of for its national alert system. The radars will detect and alert from short-range threats such as mortars, rockets, UAVs and alike. Deliveries are expected to be completed during 2015. The MHR - an S-Band, Software-Defined, Pulse-Doppler, AESA radar - has sophisticated beam forming capabilities and advanced signal processing, provides multiple missions on each radar platform, and offers unprecedented performance-to-price ratio. It is compact and mobile, delivering ideal organic, tactical surveillance solutions for force and border protection applications such as C-UAS, C-RAM, GMTI, air surveillance, and more.
RADA Electronic Industries Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
Nov 28 14
RADA Electronic Industries Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of USD 4,818,000 against USD 4,453,000 a year ago. Operating income was USD 93,000 against loss of USD 113,000 a year ago. Loss attributable to RADA shareholders was USD 202,000 or USD 0.02 per basic and diluted share against USD 576,000 or USD 0.06 per basic and diluted share a year ago.
For the nine months period, the company reported revenue of USD 16,602,000 against USD 15,045,000 a year ago. Operating income was USD 1,181,000 against loss of USD 1,291,000 a year ago. Income attributable to RADA shareholders was USD 338,000 or USD 0.04 per basic and diluted share against loss of USD 2,675,000 or USD 0.3 per basic and diluted share a year ago.
RADA Electronic Industries Ltd., Annual General Meeting, Nov 27, 2014
Oct 23 14
RADA Electronic Industries Ltd., Annual General Meeting, Nov 27, 2014., at 10:00 Israel Standard Time. Location: 7 Giborei Israel Street. Agenda: To reelect Mr. Adrian Berg as a Class C director for an additional term of three years expiring at 2017 Annual General Meeting of Shareholders; and to ratify and approve the reappointment of Kost Forer Gabbay & Kasierer, registered public accounting firm, a member firm of Ernst & Young Global, as independent registered public accountants for the year ending December 31, 2014, and to authorize the Audit Committee to determine their compensation.