RADA Electronic Industries’ (RADA) strong third quarter results and upwardly revised outlook of at least $75m in revenues in 2020 (from $70m) reflect its successful execution of initial orders and participation in major US Army programs. This is illustrated by RADA’s inclusion in the $1.2bn contract recently awarded to General Dynamics for delivery of Interim Maneuver Short-Range Air Defense (IM-SHORAD) systems to the US Army. We increase our EPS forecasts by 37.5% in 2020 and 5.3% in 2021. The ....
12 Nov 2020
RADA Electronic Industries - Positive dynamics
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RADA Electronic Industries - Positive dynamics
RADA Electronic Industries’ (RADA) strong third quarter results and upwardly revised outlook of at least $75m in revenues in 2020 (from $70m) reflect its successful execution of initial orders and participation in major US Army programs. This is illustrated by RADA’s inclusion in the $1.2bn contract recently awarded to General Dynamics for delivery of Interim Maneuver Short-Range Air Defense (IM-SHORAD) systems to the US Army. We increase our EPS forecasts by 37.5% in 2020 and 5.3% in 2021. The ....