Israeli Ministry of Defense Selects Iron Fist APS which includes RADA’s Compact Hemispheric Radars
August 22 2019 - 3:14AM
RADA Electronic Industries Ltd. (NASDAQ: RADA)
today announced that the Israeli Ministry of Defense
(IMOD) selected the Iron Fist Active Protection System (APS),
manufactured by Elbit Systems/IMI. The Iron Fist incorporates
RADA’s software defined Compact Hemispheric Radars (CHR). The award
of the contract for the program and its final configuration are
subject to completion of negotiations between Elbit Systems and the
IMOD.
The system will be used for the Israeli Defense
Forces’ (IDF) Eitan new eight-wheeled Armored Fighting Vehicle
(AFV) and the D-9 Bulldozer.
The selection of the Iron Fist for the IDF’s
Eitan AFV comes on the heels of the decision by the U.S. Army to
proceed with the Iron Fist APS for its Bradley AFVs.
Iron Fist current configuration includes optical
sensors, RADA’s CHR radar, launchers and countermeasure munitions
to defeat threats at a safe distance from the defended combat
vehicles. The system provides full hemispherical protection
coverage for close-range scenarios in both open terrain and urban
environments. Its low size and weight, versatile high-performance,
minimal residual penetration and ease of integration, position Iron
Fist, along with RADA’s radars, as the optimal APS solution for any
fighting vehicle.
Dov Sella, RADA’s CEO, commented, “we are
working with Elbit/IMI for over a decade on the development and
testing of the Iron Fist APS, and have continuously improved our
radar capabilities. These persistent efforts were finally
recognized by the IMOD. We estimate the total available market of
radars for APS at over $2.5 billion globally, and based on the
Israeli and US selections of the Iron Fist, we anticipate
accelerated global interest by many modern armed forces who seek to
enhance defensive capabilities for their AFVs”.
About RADA
RADA Electronic Industries Ltd. is an
Israel-based defense electronics contractor. The Company
specializes in the development, production, and sales of Tactical
Land Radars for Force and Border Protection, and Avionics Systems
(including Inertial Navigation Systems) for fighter aircraft and
UAVs.
Company Contact:Avi Israel,
CFOTel: +972-9-892-1111 mrkt@rada.comwww.rada.com |
Investor Relations Contact:GK
Investor RelationsEhud Helft/Gavriel FrohweinTel: 1 646 688
3559rada@gkir.com |
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