rada electronic inds ltd (RADA) Key Developments
RADA Electronic Industries Ltd. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
May 26 15
RADA Electronic Industries Ltd. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $3,648,000 against $5,347,000 a year ago. Operating loss was $458,000 against operating income of $447,000 a year ago. Net loss attributable to the company was $777,000 against net income attributable to the company of $158,000 a year ago. Basic and diluted net loss per share was $0.09 against basic and diluted earnings per share of $0.02 a year ago.
RADA Electronic Industries Ltd. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Full Year Ended December 31, 2014
Apr 29 15
RADA Electronic Industries Ltd. announced unaudited consolidated earnings results for the fourth quarter and audited consolidated earnings results for the full year ended December 31, 2014. For the quarter, the company’s Revenues totaled $5.9 million, a 12% decrease when compared with $6.7 million in the fourth quarter of 2013. Operating income totaled $0.3 million, a 45% decrease when compared to operating income $0.6 million in the fourth quarter of 2013. The company reported a net loss of $0.132 million, or $0.01 per share compared to a net income of $39,000 or $0.004 per share, for the fourth quarter of 2013.
For the full year, the company’s revenues totaled $22.5 million, a 3% increase when compared with $21.8 million in 2013. Operating income totaled $1.4 million, compared with an operating loss of $0.7 million in 2013. The company reported net income of $0.2 million, or $0.02 per share, compared with a net loss of $2.635 million, or $0.30 per share, for the year ended December 31, 2013.
DRS Technologies Inc. Signs Strategic Teaming Agreement with RADA Electronic Industries
Apr 2 15
DRS Technologies Inc. announced that it has signed a strategic teaming agreement with RADA Electronic Industries Ltd. to bring the company's tactical active electronically scanned array radar technology into the North American market. Under this agreement, DRS will market, sell, produce and support tactical AESA radars as part of its tactical radar portfolio. The combination of RADA's technology along with DRS market presence, customer awareness, engineering, and production capabilities is expected to produce significant interest in the North American defense industry market.
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.