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RADA sees 60% revenue growth in 2021


RADA sees 60% revenue growth in 2021
The Israeli defense technology company said that most revenue will come from its multi-mission, software-defined tactical radar systems, especially in the US market.
Israeli defense technology company Rada Electronic Industries Ltd. (Nasdaq: RADA) has provided strong revenue guidance for 2021. The company expects full year 2021 revenue of over $120 million, 11% above the analysts estimates, and 60% above expected 2019 revenue of $75 million. RADA expects sequential quarter on quarter revenue and profitability growth throughout 2021..
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RADA s expected 2020 revenue of $75 million, is up 70% from 2019.
At the end of last week, RADA reported $23 million in new orders for the US Army and from Elbit/IMI for the Iron Fist active protection system. ....

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