RADA Electronic Industries (RADA) Announces Proposed Share Offering

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Go back to RADA Electronic Industries (RADA) Announces Proposed Share Offering

RADA (RADA) Prices 4.19M Offering of Ordinary Shares at $5.25/Share

January 8, 2020 8:27 AM EST

RADA Electronic Industries Ltd. (RADA) (NASDAQ: RADA), a global defense technology company, today announced the pricing of its underwritten public offering of 4,190,480 of its ordinary shares at a price to the public of $5.25 per share. In addition, RADA has granted the underwriters of the offering a 30-day option to purchase up to an additional 628,572 of its ordinary shares to cover overallotments, if any. The offering is subject to customary closing conditions and is expected to... More

RADA's (RADA) 2020 Revenues Expected to Grow by over-50% to over $65 million

January 7, 2020 8:35 AM EST

RADA Electronic Industries Ltd. (NASDAQ: RADA) announced that it has received a total of over $6 million in new orders during the month of December 2019. The aggregate of new orders received in 2019 was $60 million, an all-time record for the Company.

Based on the current market acceptance of RADAs tactical radars and the... More