RADA Announces $3.5 million in Radars Orders for a US Military Customer
October 10 2018 - 8:19AM
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.com www.rada.com |
Investor Relations Contact:GK Investor
RelationsEhud Helft/Gavriel FrohweinTel: 1 646 688
3559rada@gkir.com |
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