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.[5] 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.
RADA Electronic Industries was founded in 1970 by David Reitner.[6] 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.[7] 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.[8][9]
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.[10] In 2018, the radars were integrated into Rafael's advanced anti-drone defense system for the British Army C-UAS capability.[11] 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.[12]
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.[13] 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).[14]
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.[15]
^"Rada Electronic Industries Ltd (RADA.OQ) Company Profile". Reuters. Retrieved 23 September 2011.
^"Rada Electronic Industries, Inc. About". 2011. Retrieved 6 December 2020. Founded in 1970 by David Reitner, RADA Electronic Industries Ltd
^"At Boeing's Demand: RADA CEO Replaced by Ex Air Force Commander". Globes. 1 July 1998. Retrieved 23 September 2011.
^"Alon, Zvi". Reuters. Retrieved 23 September 2011. Mr. Zvi Alon has served as Chief Executive Officer of Rada Electronic Industries Ltd. since July 2007.
^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.
^Yuval Azulai, RADA wins $8m US radar deal, Globes, 16 August 2017
^Yuval Azulai, Rafael to sell 6 anti-drone systems to UK for $20m, Globes, 16 August 2018
^Israel’s RADA Technologies Plans New Headquarters, Mfg Facility in Montgomery County, Maryland Israel Development Center
^Andrew Liptak. A US Navy ship used a new drone-defense system to take down an Iranian drone, The Verge, 21 July 2019
^Eyal Boguslavsky, Huge contract for Israel's RADA: US Army procuring dozens of IM-SHORAD vehicles, Israeldefense, 4 October 2020
^MacCioni, Federico; Semeraro, Gianluca (21 June 2022). "Leonardo's DRS to land on Nasdaq with RADA takeover". Reuters.
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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 5 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 RADA Electronic Industries Ltd Company typePublic companyTraded asNasdaq RADAIndustryDefenseFounded8 December 1970 1970 12 08 FounderDavid Reitner 1 HeadquartersNetanya IsraelKey peopleDov Sella CEO Yossi Ben Shalom Executive chairman ProductsRadar systems amp avionics systemsServicesAircraft upgradeRevenueUS 44 33 million 2019 2 Operating incomeUS 2 1 million 2019 3 Net incomeUS 2 4 million 2019 4 Websitewww wbr rada wbr com Contents 1 History 2 Products 3 See also 4 ReferencesHistory editRADA Electronic Industries was founded in 1970 by David Reitner 6 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 7 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 8 9 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 10 In 2018 the radars were integrated into Rafael s advanced anti drone defense system for the British Army C UAS capability 11 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 12 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 13 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 14 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 15 Products editaCHR Advanced Compact Hemispheric Radar 16 MHR Multi mission Hemispheric Radar 17 ieMHR Improved and Enhanced Multi mission Hemispheric Radar 18 exMHR Enhanced and Extended Multi mission Hemispheric Radar 19 DVDR amp GDS Digital Video Data Recorder amp Ground Debriefing System 20 R 200M Mems based Inertial Navigation System 21 See also editIron Fist countermeasure Douglas A 4 Skyhawk Chile Israel relations List of Israeli companies quoted on the NasdaqReferences edit https www rada com about Market Watch Rada Electronic Industries Ltd Market Watch Rada Electronic Industries Ltd Market Watch Rada Electronic Industries Ltd Rada Electronic Industries Ltd RADA OQ Company Profile Reuters Retrieved 23 September 2011 Rada Electronic Industries Inc About 2011 Retrieved 6 December 2020 Founded in 1970 by David Reitner RADA Electronic Industries Ltd At Boeing s Demand RADA CEO Replaced by Ex Air Force Commander Globes 1 July 1998 Retrieved 23 September 2011 Alon Zvi Reuters Retrieved 23 September 2011 Mr Zvi Alon has served as Chief Executive Officer of Rada Electronic Industries Ltd since July 2007 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 Yuval Azulai RADA wins 8m US radar deal Globes 16 August 2017 Yuval Azulai Rafael to sell 6 anti drone systems to UK for 20m Globes 16 August 2018 Israel s RADA Technologies Plans New Headquarters Mfg Facility in Montgomery County Maryland Israel Development Center Andrew Liptak A US Navy ship used a new drone defense system to take down an Iranian drone The Verge 21 July 2019 Eyal Boguslavsky Huge contract for Israel s RADA US Army procuring dozens of IM SHORAD vehicles Israeldefense 4 October 2020 MacCioni Federico Semeraro Gianluca 21 June 2022 Leonardo s DRS to land on Nasdaq with RADA takeover Reuters RADA aCHR eCHR RADA Multi Mission Hemispheric Radar MHR RADA ieMHR RADA Extended Multi Mission Hemispheric Radar RADA DVDR amp GDS Radar Systems RADA MEMS based INS nbsp nbsp This article about an Israeli company is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title RADA Electronic Industries amp oldid 1181307663, wikipedia, wiki, book, books, library,
