RADA Announces $3.5 million in Radar Orders for a US Military Customer
September 03 2018 - 9:00AM
RADA Electronic Industries Ltd. (NASDAQ: RADA)
announced the receipt of $3.5 million in new radar orders.
The orders were from an existing customer which
is a leading US military force, and are comprised of recurring
follow-on orders for RADA’s MHR-based counter-UAV surveillance
solutions, along with first order for its advanced eCHR radar.
The eCHR is evolved from RADA’s Compact
Hemispheric Radar (CHR), currently in use for Active Protection
Systems (APS) and Hostile Fire Detection (HFD) solutions for combat
vehicles. The eCHR introduces dramatically increased detection and
tracking ranges, advanced beam forming and additional technological
enhancements, providing significant performance improvements under
highly demanding battlefield environments. All these capabilities
make the eCHR the radar-of-choice for APS, Vehicle Protection
Systems (VPS), Counter-UAV and perimeter surveillance
solutions.
Deliveries of these orders will take place
during 2018.
Dov Sella, RADA’s CEO,
commented, "We are seeing strong and growing momentum in
the US market, centered around counter-drone (C-UAV) and very short
range air defense (VSHORAD) demand. Our advanced, software-defined
and multi-mission eCHR radar, ordered at this stage for C-UAV use,
introduces improved performance for active protection systems (APS)
for combat vehicles as well. We see excellent potential to become a
common solution for a wide variety of protection missions for the
maneuver force.”
About RADA
RADA Electronic Industries Ltd., an Israel-based
defense electronics 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.
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Company
Contact:Gil Schwartz (VP, BD & Marketing)Tel:
+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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