rada electronic inds ltd (RADA) Key Developments
RADA Electronic Industries Ltd. Receives New Orders $26 Million Along 2013
Feb 5 14
RADA Electronic Industries Ltd. announced that it had received new orders totaling $26 million along 2013. The vast majority of these new orders, totaling $21 million, are for airborne mission data recording and ground debriefing systems. New orders are comprised of repeated and growing orders from it's strategic customers base, along with new customers. Adding various avionics systems and aircraft upgrade services, the new orders for it's airborne products line of business reached $25 million along 2013. Of significant importance are several new orders for radar systems, both for the Compact Hemispheric Radar (CHR) and for the Multi-Mission Hemispheric Radar (MHR) products, all coming from new customers.
RADA Electronic Industries Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013; Provides Revenue Guidance for the Fourth Quarter of 2013
Nov 25 13
RADA Electronic Industries Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported revenues of $4,453,000 against $6,280,000 a year ago. Operating loss was $113,000 against $374,000 a year ago. Consolidated loss was $584,000 against $653,000 a year ago. Loss attributable to the company shareholders was $576,000 against $648,000 a year ago. Loss per share basic and diluted loss per share was $0.06 against $0.07 a year ago. The decrease in revenues is due to delays in deliveries, planned for the third quarter of 2013 in some of profitable avionics programs, especially for customers in Asia.
For the nine months, the company reported revenues of $15,045,000 against $15,018,000 a year ago. Operating loss was $1,291,000 against $988,000 a year ago. Consolidated loss was $2,695,000 against $1,817,000 a year ago. Loss attributable to the company shareholders was $2,675,000 against $1,810,000 a year ago. Loss per share basic and diluted loss per share was $0.3 against $0.2 a year ago.
For the fourth quarter of 2013, the company expects an increase in revenues.
Boeing Selects RADA's MHR for Evaluation of its Operability as Part of Boeing's Future Directed Energy Tactical Systems
Oct 17 13
RADA Electronic Industries Ltd. announced the selection by Boeing Directed Energy Systems of its tactical radar, the MHR -- Multi-Mission Hemispheric Radar -- for evaluation of its operability as part of Boeing's Directed Energy tactical systems. Field testing of the MHR, which was recently delivered to Boeing, will begin in the near future. 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-RAM, C-UAS, GMTI, air surveillance, and more.
RADA Electronic Industries Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
Aug 29 13
RADA Electronic Industries Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. For the six months, the company reported revenues of $10,592,000 against $8,739,000 a year ago. Operating loss was $1,179,000 against $609,000 a year ago. Consolidated loss was $2,113,000 against $1,161,000 a year ago. Loss attributable to shareholders was $2,100,000 against $1,159,000 a year ago. Basic and diluted loss per share was $0.23 against $0.13 a year ago.
For the quarter, the company reported revenues of $5,235,000 against $5,067,000 a year ago. Operating loss was $488,000 against $23,000 a year ago. Consolidated loss was $947,000 against $319,000 a year ago. Loss attributable to shareholders was $935,000 against $321,000 a year ago. Basic and diluted loss per share was $0.10 against $0.03 a year ago.
RADA Electronic Industries Ltd., Annual General Meeting, Aug 29, 2013
Jul 25 13
RADA Electronic Industries Ltd., Annual General Meeting, Aug 29, 2013., at 10:00 Israel Standard Time. Location: 7 Giborei Israel Street. Agenda: To re-elect two Class B directors, each for an additional term of three years expiring at 2016 Annual General Meeting of Shareholders; to elect an outside director for a term of three years commencing on August 29, 2013; to approve compensation policy; 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, 2013, and to authorize Audit Committee to determine their compensation.