RADA Electronic Industries (RADA) Says It Received New Orders Totaling Over $11M Since Beginning of 2016
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RADA Reports Backlog Growth Following new orders of over $11 million since the Beginning of 2016
September 15, 2016 8:30 AM EDTNETANYA, Israel, Sept. 15, 2016 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (Nasdaq: RADA) announced today that it has received new orders totaling over $11 million since the beginning of 2016. 60% of the new orders are due to its avionics business, while 40% came from the tactical radars line of business. As a result, the Company's backlog has begun to resume growth.
The Company also reported that it expects its revenues in the second half of 2016 to be significantly improved over the first half,... More
