RADA signs strategic distribution agreement with a leading European defense systems’ company [Seeking Alpha]
RADA Electronic Industries Ltd. - Ordinary Shares (RADA)
US:NASDAQ Investor Relations:
rada.com/corp/corporate-ir.html
Company Research
Source: Seeking Alpha
RADA Electronic Industries ( RADA ) signed a strategic, value-added distribution agreement with a leading Western-European air defense systems provider. As per this agreement, RADA's tactical radars will be integrated into the company's Very Short Range Air Defense (VSHORAD) systems, with special focus on counter-UAV/drones, and will be offered to the end-users as part of end-to-end solutions to address these threats. Dov Sella, RADA’s CEO, commented: "The need for counter-drone solutions for military forces is evident and urgent; both NATO including US forces are in the process of intensively testing such solutions, and fielding of these systems is commencing. In addition, such systems are also required for the protection of critical infrastructure under homeland security initiatives. We anticipate that this strategic agreement will very much strengthen and increase RADA's potential sales to these large as well as emerging markets in the near future." Press Release
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