Tuesday, April 28, 2015

RADA Year to date summery could, couldn't!

RADA Electronic Industries Ltd.(RADA) – April 28 2015


RADA 
NASDAQ
2.57  0.02 (0.79%)

RADA had a large spike in volume on the following charts based on records. In less than 3 days RADA rallied from $1.48 per share to $5.96, for an opportunity windows of 302%.


Start race on 9/3/14 and closed at 1.48$ 


Kip Spiking on 9/4/14 and closed at 2.10$


On 9/5/14 Volume up to 10.548M from 1.576m and closed at 2.50$


Well lucky these who load some cash in to on Friday the 5th at 2.51$
because on Monday 9/8/14 RADA bit all year records pushing bars all the way
 to: 6.09$ and closed day on 5.96$


RADA Electronic Industries Ltd is a defense electronics system house specializing in the design, development, production and sales of advanced electronic systems for airborne and land applications. RADA provides complete system solutions designed primarily for the aerospace and defense market.


RADA Electronic Industries Ltd. 
Head office:

7 Giborei Israel Blvd., 
P.O. Box 8606 
Netanya 4250407
Israel
P: +972-9-8921111
F: +972-9-8855885


You may also obtain more current financial information about the company by accessing the Securities and Exchange Commission's EDGAR database at www.sec.gov (search EDGAR files - enter company name). The company is traded at NASDAQ under the name RADA.

Thursday, April 16, 2015

DRS Technologies & Lockheed Martin select - RADA

TWO CONTRACTS IN 45 DAYS

April 15, 2015
DRS Technologies Awarded Contract to Provide Mission-Critical Communications System for U.S. Navy Aegis Cruisers and Destroyers 

FOR IMMEDIATE RELEASE:

ARLINGTON, VA, April 15, 2015  ̶   DRS Technologies Inc., a Finmeccanica Company, announced today that it has won a contract to provide modernized integrated voice communications systems (IVCS) for U.S. Navy AEGIS cruisers and destroyers. The performance-based contract awarded by the Navy has a potential value of up to $55 million.

The IVCS is a computer-controlled telephone system that consists of two interconnected interior-communications switching centers, dial terminals, network terminals, terminal accessories and associated cabling. The system can be connected to a ship’s announcing system, shore telephone lines, radio communications and certain battle sound-powered telephone circuits.

“We are very pleased to bring forward a modern, proven and extremely reliable communications system that highlights our company’s long history of providing the Navy with customized commercial off-the-shelf systems,” said Steve Zuber, vice president and general manager, DRS Technologies Canada Ltd.

The solution leverages the DRS Secure Voice System with a commercial, off-the-shelf Avaya Aura® Communication Manager unified communications platform provided by Avaya Government Solutions, and a proven, qualified electronics rack and power distribution system from Dynalec Corporation.

Avaya Government Solutions Sales Vice President Susan Pompliano Keys added, “IVCS represents another important step by the Navy to establish common systems across multiple ships in the fleet in order to lower costs and simplify both logistics and training. We’re delighted to join with our partners at DRS and Dynalec in supporting such a critical initiative.”

DRS is already a key supplier for the Cruiser and Destroyer AEGIS Modernization Secure Voice System ON-740, which is a mission-critical, tactical communications system supporting command and control operations on the ship. DRS delivered the ICVS systems to the DDG 51 new ship construction and AEGIS modernization DDG 51 Destroyers and CG 47 Cruisers under a 2009-2014 prior contract.

Installation of the IVCS is expected to begin this year.

About DRS Technologies

DRS Technologies is a leading supplier of integrated products, services and support to military forces, intelligence agencies and prime contractors worldwide and is a two-time recipient of the Defense Security Service Award for Excellence in Counterintelligence as well as three James S. Cogswell Awards for Outstanding Industrial Security Achievement. The company is a wholly owned subsidiary of Finmeccanica SpA, which employs approximately 70,000 people worldwide.

For additional information please contact:

DRS Technologies
Michael Mount
Director
Public Affairs and Communications
571-447-4624
mmount@drs.com

ORIGINAL SOURCE 

RADA and DRS Technologies Team for The North American AESA Radar Market

Netanya, Israel, 31 March 2015, RADA Electronic Industries of Netanya, Israel announced today that it has signed a strategic teaming agreement with DRS Technologies, Inc. to bring RADA’s tactical active electronically scanned array (AESA) 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.
“We are excited to be able to offer our customers RADA’s proven technology that offers enhanced hostile-fire protection for our troops,” said Joseph Matteoni, Vice President/General Manager of DRS Sustainment Systems Inc. “RADA’s cost-effective detection technology will allow DRS to continue its legacy of meeting the challenging needs of our growing radar customer base,” Matteoni said.
Zvi Alon, RADA’s CEO, added: “We value the North American market as the most promising growth market for our tactical radars technology, and are confident that this agreement will facilitate the adoption of this technology and growth of our radars business”.


RADA Radar Selected by Lockheed Martin for Laser Weapon Research Projects


Netanya, Israel, 23 March 2015, RADA Electronic Industries Ltd. announces 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.

The MHR - an S-Band, Software-Defined, Pulse-Doppler, Active Electronically Scanned Array 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 counter rockets and mortars, counter unmanned aerial systems, ground moving target indicator, air surveillance, and more.

According to Zvi Alon, RADA's CEO, "We are very happy with Lockheed Martin’s selection of our unique MHR, which is particularly suited for use with systems that counter rockets and mortars.”

Contact Details:

Dubi Sella (CBDO)
Tel: +972-9-892-1111
mrkt@rada.com

ORIGINAL SOURCE


Tuesday, April 7, 2015

RADA Radar Selected by Lockheed Martin for Laser Weapon Research Projects

NETANYA, Israel, March 23, 2015 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. announces 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.

The MHR -- an S-Band, Software-Defined, Pulse-Doppler, Active Electronically Scanned Array 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 counter rockets and mortars, counter unmanned aerial systems, ground moving target indicator, air surveillance, and more.

According to Zvi Alon, RADA's CEO, "We are very happy with Lockheed Martin's selection of our unique MHR, which is particularly suited for use with systems that counter rockets and mortars."

About RADA

RADA Electronic Industries Ltd. is an Israel-based defense electronics contractor. The Company specializes in the development, production, and sale of Tactical Land Radars for Force and Border Protection, Inertial Navigation Systems for air and land applications, and Avionics Systems and Upgrades.

RADA
Dubi Sella (CBDO)
Tel: +972-9-892-1111