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RADA Electronic Industries

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RADA Electronic Industries Ltd.
Company typePublic
Nasdaq: RADA
IndustryDefense
Founded8 December 1970; 53 years ago (1970-12-08)
FounderDavid Reitner[1]
Headquarters
Netanya
,
Israel
Key people
Dov Sella (CEO)
Yossi Ben Shalom (executive chairman)
ProductsRadar systems & avionics systems
ServicesAircraft upgrade
RevenueIncrease US$44.33 million (2019)[2]
Increase US$ 2.1 million (2019)[2]
Increase US$ 2.4 million (2019)[2]
Websiterada.com

RADA Electronic Industries Ltd. is a global defense technology company focused on proprietary radar and legacy avionics systems. It includes RADA Electronic Industries and its U.S-based subsidiaries in its development, manufacture and sale of goods designed primarily for the defense industry and aerospace markets.[3] Its products include software-defined tactical radars, inertial navigation systems and avionics parts. Founded in 1970, it is traded on the NASDAQ Capital Market since 1985.

History

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RADA Electronic Industries was founded in 1970 by David Reitner.[4] In 1998, owing to pressure from Boeing, Niessenson retired from his position as CEO of the company. Herzl Boedinger, who was RADA's international marketing manager and president of the U.S.-based subsidiary, and who had earlier served as commander of the Israeli Air Force, became president and CEO of RADA.[5] In 2007, Zvi Alon, who was vice president of marketing and sales and had in the 1980s been involved in the Lavi Project, took on the role of CEO.[6][7]

In November 2016, RADA Electronic Industries announced the appointment of Dov Sella, its chief business development officer, as the company's executive officer.

Since 2016, the company is focused on developing, manufacturing and selling software defined, tactical radar systems for multiple applications such as Active Protection Systems (APS) for combat vehicles, Short-Range Air Defense (SHORAD) for the maneuver force (including Counter-UAS), and Counter Rockets/Artillery/Mortars (C-RAM) systems.

In 2017, the company supplied over a hundred radar systems to the United States Marine Corps.[8] In 2018, the radars were integrated into Rafael's advanced anti-drone defense system for the British Army C-UAS capability.[9] into Leonardo DRS mission equipment package (MEP) for the US Army Initial Maneuver-Short Range Air Defense (IM-SHORAD) capability, into an anti-drone warfare system for the United States Department of Defense against unmanned aerial system (UAS) threats, and into the Israeli Iron Fist Active Protection System for the US Army Bradley Brigade. It opened headquarters and a manufacturing facility in Germantown, Maryland (RADA USA), to develop a local tactical radar market for the U.S. military.[10]

In 2019 RADA's radars took part in various defense missions, including the knock-down of an Iranian drone in the Strait of Hormuz by the United States Marine Corps all-terrain vehicle, which was equipped with an anti-drone detection and jamming system.[11] The growing demand for tactical radars together with the increase in sales by RADA USA, led to the doubling of the yearly revenue and of the share price. In 2020, General Dynamics Land Systems (GDLS) was awarded a $1.2 billion contract by the U.S. Army to produce, test and deliver IM-SHORAD systems, which integrates RADA’s Multi-mission Hemispheric Radar (MHR).[12]

In June 2022 the US subsidiary of the Italian defense conglomerate Leonardo, Leonardo DRS, agreed to an all share acquisition of the US subsidiary of RADA Electronic Industries. The new Leonardo subsidiary will be listed on the Nasdaq and Tel Aviv stock exchanges under the name DRS with RADA shareholders keeping 19.5% of the combined business and Leonardo holding the remainder.[13]

Products

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  • aCHR (Advanced Compact Hemispheric Radar)[14]
  • MHR (Multi-mission Hemispheric Radar)[15]
  • ieMHR (Improved and Enhanced Multi-mission Hemispheric Radar)[16]
  • exMHR (Enhanced and Extended Multi-mission Hemispheric Radar)[17]
  • DVDR & GDS (Digital Video, Data Recorder & Ground Debriefing System)[18]
  • R-200M (Mems-based Inertial Navigation System)[19]

See also

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References

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  1. ^ https://www.rada.com/about [bare URL]
  2. ^ a b c Market Watch Rada Electronic Industries Ltd.
  3. ^ "Rada Electronic Industries Ltd (RADA.OQ) Company Profile". Reuters. Retrieved 23 September 2011.
  4. ^ "Rada Electronic Industries, Inc. About". 2011. Retrieved 6 December 2020. Founded in 1970 by David Reitner, RADA Electronic Industries Ltd
  5. ^ "At Boeing's Demand: RADA CEO Replaced by Ex Air Force Commander". Globes. 1 July 1998. Retrieved 23 September 2011.
  6. ^ "Alon, Zvi". Reuters. Retrieved 23 September 2011. Mr. Zvi Alon has served as Chief Executive Officer of Rada Electronic Industries Ltd. since July 2007.
  7. ^ Cohen, Omri (9 August 2007). "ראדא מינתה את צבי אלון למנכ"ל החברה והמניה מזנקת בכ-11% בנאסד"ק" [RADA appoints Zvi Alon to company CEO and stock jumps 11% on NASDAQ]. TheMarker (in Hebrew). Retrieved 23 September 2011. קודם להצטרפותו לראדא, שירת אלון במשך 11 שנה בתפקיד טייס קרב ותובלה בחיל האוויר הישראלי והיה חבר בצוות הפיתוח של מטוס הלביא.
  8. ^ Yuval Azulai, RADA wins $8m US radar deal, Globes, 16 August 2017
  9. ^ Yuval Azulai, Rafael to sell 6 anti-drone systems to UK for $20m, Globes, 16 August 2018
  10. ^ Israel’s RADA Technologies Plans New Headquarters, Mfg Facility in Montgomery County, Maryland Israel Development Center
  11. ^ Andrew Liptak. A US Navy ship used a new drone-defense system to take down an Iranian drone, The Verge, 21 July 2019
  12. ^ Eyal Boguslavsky, Huge contract for Israel's RADA: US Army procuring dozens of IM-SHORAD vehicles, Israeldefense, 4 October 2020
  13. ^ MacCioni, Federico; Semeraro, Gianluca (21 June 2022). "Leonardo's DRS to land on Nasdaq with RADA takeover". Reuters.
  14. ^ RADA aCHR/eCHR
  15. ^ RADA Multi-Mission Hemispheric Radar (MHR)
  16. ^ RADA ieMHR
  17. ^ RADA Extended Multi-Mission Hemispheric Radar
  18. ^ RADA DVDR & GDS Radar Systems
  19. ^ RADA MEMS-based INS


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