RADA Electronic Industries Ltd. - Ordinary Shares (RADA) News
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RADA News Highlights
- RADA's 30 day story count now stands at 5.
- Over the past 21 days, the trend for RADA's stories per day has been choppy and unclear. It has oscillated between 1 and 3.
- LI, MOD and UL are the most mentioned tickers in articles about RADA.
Latest RADA News From Around the Web
Below are the latest news stories about RADA ELECTRONIC INDUSTRIES LTD that investors may wish to consider to help them evaluate RADA as an investment opportunity.
Investors need to pay close attention to RADA Electronic (RADA) stock based on the movements in the options market lately.
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DRS Awarded Approximately $50 Million Contract to Provide Advanced Infrared Weapon Sights for the Swedish MOD
ARLINGTON, Va., August 30, 2022--Leonardo DRS, Inc.(DRS) announced today that it has received contracts to provide its advanced thermal weapon sights for the Swedish Ministry of Defense (MOD). The firm-fixed-price contracts are worth approximately $50 million.
ARLINGTON, Va., August 30, 2022--Leonardo DRS, Inc. ("DRS") announced today that it has successfully completed factory acceptance testing and shipment of the first production unit of the main propulsion motor for the U.S. Navy’s new COLUMBIA Class submarine. The motor was recently shipped to General Dynamics Electric Boat (EB) for integration into the lead ship of the class.
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With us today on the call are Mr. Dov Sella, chief executive officer of RADA; Mr. Avi Israel, chief financial officer of RADA; and Mr. Michael Dippold, chief financial officer of Leonardo DRS. Dov will summarize the key highlights of the quarter, followed by Avi who will provide a summary of the financials.
RADA Electronic Industries Ltd (NASDAQ: RADA) reported a second-quarter revenue decline of 18.4% year-over-year to $23.06 million, missing the consensus of $29.13 million. Gross profit declined by 29.2% to $7.98 million, and margin contracted by 527 bps to 34.6%. EPS was $(0.09), down from $0.20 in 2Q21. RADA recorded an operating loss of $(3.02) million, compared to a profit of $4.5 million a year ago. Also Read: RADA Agrees To All-Stock Merger With Leonardo DRS Dov Sella, RADA's Chief Executiv
NETANYA, Israel, Aug. 17, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA, TASE: RADA) announced today its financial results for the three and six month periods ended June 30, 2022. Highlights of the second quarter of 2022 Quarterly revenues of $23.0 million;Gross margin of 35%;Previously announced merger with DRS proceeding as expected - merger expenses of $2.6 million incurred in the second quarter;Operating loss of $3.0 million;Net loss of $4.4 million;Adjusted EBITDA o
Investor conference call to start at 9am ETNETANYA, Israel, Aug. 08, 2022 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA & TASE: RADA) announced that it would be releasing its financial results for the second quarter of 2022 on Wednesday, August 17, 2022. The Company will host a conference call on the same day, starting at 09:00 am ET. Dov Sella, Chief Executive Officer and Avi Israel, Chief Financial Officer, will host the call and will be available to answer questions after