RADA Electronic Industries (RADA) Reports Q2 Loss of $0.07/Share

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RADA Electronic Industries Announces 2016 Q2 Results

July 21, 2016 1:33 PM EDT

NETANYA, Israel, July 21, 2016 (GLOBE NEWSWIRE) -- RADA Electronic Industries Ltd. (NASDAQ: RADA) announced today its financial results for the quarter ended June 30, 2016. 

Management Comment

Zvika Alon, RADA's Chief Executive Officer commented, As we reported last quarter, we recently completed a financing transaction with DBSI, a well-established and highly regarded Israel-based investment company. In addition to their strong experience with growing companies, DBSIs investment provides us with sufficient working capital for us to resume to implement our strategic growth plan, as... More